Condos For Sale - What Are the Benefits of Buying a Condo?9516141
Purchasing a condo is much 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 products like a roof leak and what ever is required. 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 purchase is an appealing option. Why? Simply because the price is anywhere from 20 to 30 percent less than a regular single family 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 appreciate simple living, follow the condos for sale trail in nicely established, close to comfortable and safe neighborhoods. Some may opt for a condo loft in a downtown area 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 safety, as well.
When leaving on a trip you can feel comfy 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 buy?
- Is there any law suit or pending litigation against the condo association? It is important 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 happens? - 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 less to maintain than a single family homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, physical exercise rooms, and, in many instances, a neighborhood center.
