Condos For Sale - What Are the Advantages of Purchasing a Condo?6773706
Purchasing a condo is a lot like the buy of a single family members residence, but with some benefits. In the condo the homeowners association trims the shrubs, mows the lawn, trims the trees and usually fixes other annoying and bothersome items like a roof leak and what ever is needed. On the other hand in the single family members home YOU do all this work. Sounds like fun, huh!
Even in times of foreclosures and falling home sales, a condo buy is an attractive option. Why? Simply because the price is anyplace from 20 to 30 percent less than a regular single family members home. Especially great for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. Another 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 appreciate easy living, adhere to the condos for sale trail in well established, close to comfortable and safe neighborhoods. Some may opt for a condo loft in a downtown area close to 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 safety, as well.
When leaving on a trip you can feel comfy that you neighbor(s) will maintain a sharp eye out for thieves who believed your condo would be a soft touch.
Okay! So a lot for "the condos-are-wonderful" tour. How about few concerns 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 some thing 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 buy can improve your purchasing power. Condos usually price much less to maintain 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.
