Condos For Sale - What Are the Benefits of Purchasing a Condo?8199266
Purchasing a condo is much like the buy of a single family 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 whatever is required. On the other hand in the single family home YOU do all this work. Sounds like fun, huh!
Even in times 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 less than a regular single family home. Particularly great 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-purchased-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 individuals who want to enjoy easy living, follow the condos for sale trail in well established, close to comfy and safe neighborhoods. Some might opt for a condo loft in a downtown region close to all the action. Others may 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 provides an element of safety, too.
When leaving on a trip you can 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 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 adequate reserves stashed away for repairs and improvements in case something severe happens? - Prior to signing on the dotted line for your condo buy, you require an inspection. Because you are ostensibly a co-owner of the building, assessments can happen.
A condo purchase can increase your purchasing power. Condos generally cost 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 community center.
