Condos For Sale - What Are the Benefits of Buying a Condo?5248908
Purchasing a condo is much like the purchase 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 generally fixes other annoying and bothersome items 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 times of foreclosures and falling home sales, a condo buy is an attractive option. Why? Simply because the cost 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 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 easy 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 region near all the action. Other people may choose condos for sale in an area away from the noise if public transportation is available. Speaking of security, owning a condo in a building with 40 other units provides an element of security, too.
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 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 sufficient reserves stashed away for repairs and improvements in case something serious occurs? - Prior to signing on the dotted line for your condo purchase, you require an inspection. Because you are ostensibly a co-owner of the building, assessments can occur.
A condo buy can increase your purchasing power. Condos usually cost 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.
