Condos For Sale - What Are the Advantages of Buying a Condo?2368824
Purchasing a condo is a lot like the buy of a single family residence, but with some advantages. In the condo the homeowners association trims the shrubs, mows the lawn, trims the trees and usually fixes other annoying and bothersome products like a roof leak and whatever is required. On the other hand in the single family members home YOU do all this work. Sounds like fun, huh!
Even in occasions of foreclosures and falling home sales, a condo buy is an appealing option. Why? Simply because the price is anyplace from 20 to 30 percent much less than a normal single family members home. Especially fantastic for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. An additional plus on the glad-I-bought-a-condo smile sheet, is no be concerned about shoveling, repairs, maintenance, or other dreaded chores. Yep! Sell the snow shovel and motorized lawn mower. It will no longer be a requirement.
Many people who want to enjoy simple living, follow the condos for sale trail in well established, close to comfy and safe neighborhoods. Some may opt for a condo loft in a downtown region close to all the action. Others may choose condos for sale in an region away from the noise if public transportation is accessible. Speaking of security, owning a condo in a building with 40 other units offers an element of safety, as well.
When leaving on a trip you can really feel comfortable that you neighbor(s) will keep a sharp eye out for thieves who thought your condo would be a soft touch.
Okay! So much for "the condos-are-wonderful" tour. How about few concerns you should ask prior to a buy?
- Is there any law suit or pending litigation against the condo association? It is important that you are conscious of it before signing any paperwork. Older condo units are the ones most susceptible - Does the condo association have sufficient reserves stashed away for repairs and improvements in case some thing serious happens? - Prior to signing on the dotted line for your condo purchase, you require an inspection. Since you are ostensibly a co-owner of the building, assessments can occur.
A condo purchase can improve your purchasing power. Condos generally cost much less to preserve than a single family members homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a community center.
