Condos For Sale - What Are the Advantages of Buying a Condo?8597158
Purchasing a condo is a lot like the purchase of a single family residence, but with some benefits. In the condo the homeowners association trims the shrubs, mows the lawn, trims the trees and generally fixes other annoying and bothersome products like a roof leak and what ever is needed. On the other hand in the single family 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 anywhere 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 exactly where it snows or freezes seven months a year. An additional plus on the glad-I-bought-a-condo smile sheet, is no worry 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 easy living, adhere to the condos for sale trail in nicely established, close to comfy and safe neighborhoods. Some may opt for a condo loft in a downtown region near all the action. Others might choose condos for sale in an area 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 security, as well.
When leaving on a trip you can feel comfy that you neighbor(s) will maintain 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 questions 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 adequate reserves stashed away for repairs and improvements in case some thing severe occurs? - Prior to signing on the dotted line for your condo buy, you require an inspection. Since you are ostensibly a co-owner of the building, assessments can occur.
A condo buy can improve your purchasing power. Condos generally price less to preserve than a single family homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many instances, a community center.
