Condos For Sale - What Are the Advantages of Purchasing a Condo?8264944
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 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 purchase is an attractive option. Why? Simply because the price is anyplace from 20 to 30 percent much less than a regular single family home. Especially 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-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 people who want to appreciate simple living, adhere to the condos for sale trail in well established, close to comfy and safe neighborhoods. Some may opt for a condo loft in a downtown region close to all the action. Other people may choose condos for sale in an area away from the noise if public transportation is accessible. Speaking of safety, owning a condo in a building with 40 other units provides an element of security, as well.
When leaving on a trip you can feel comfy that you neighbor(s) will maintain a sharp eye out for thieves who thought your condo would be a soft touch.
Okay! So a lot for "the condos-are-fantastic" 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 something severe happens? - Prior to signing on the dotted line for your condo purchase, you need an inspection. Because you are ostensibly a co-owner of the building, assessments can happen.
A condo purchase can improve your purchasing power. Condos usually cost much less to maintain 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 neighborhood center.
