Condos For Sale - What Are the Benefits of Buying a Condo?7580924
Purchasing a condo is a lot like the purchase of a single family members residence, but with some advantages. 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 what ever is required. 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 purchase is an attractive option. Why? Simply because the cost is anywhere from 20 to 30 percent much less than a normal single family members home. Particularly great 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-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 simple living, follow the condos for sale trail in well established, close to comfortable 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 available. Speaking of safety, owning a condo in a building with 40 other units offers an element of safety, too.
When leaving on a trip you can feel comfortable 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 concerns you should ask prior to a buy?
- Is there any law suit or pending litigation against the condo association? It is essential that you are aware 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 serious 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 happen.
A condo buy can improve your buying power. Condos usually 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, physical exercise rooms, and, in many instances, a community center.
