Condos For Sale - What Are the Advantages of Purchasing a Condo?5456651
Purchasing a condo is much like the purchase of a single family residence, but with some benefits. In the condo the property owners association trims the shrubs, mows the lawn, trims the trees and generally fixes other annoying and bothersome products like a roof leak and whatever 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? Because the price is anywhere from 20 to 30 percent much less than a normal single family members home. Particularly fantastic for the young couples, singles or even retired seniors from states exactly where it snows or freezes seven months a year. Another plus on the glad-I-purchased-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 individuals who want to appreciate easy living, follow the condos for sale trail in nicely established, close to comfy and safe neighborhoods. Some might opt for a condo loft in a downtown region near all the action. Other people might choose condos for sale in an region away from the noise if public transportation is accessible. Speaking of safety, owning a condo in a building with 40 other units offers an element of security, 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 believed your condo would be a soft touch.
Okay! So much for "the condos-are-fantastic" tour. How about couple of questions you should ask prior to a purchase?
- 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 something severe occurs? - Prior to signing on the dotted line for your condo buy, you need an inspection. Because you are ostensibly a co-owner of the building, assessments can happen.
A condo purchase can increase your buying power. Condos usually price much less to maintain 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 neighborhood center.
