Condos For Sale - What Are the Advantages of Purchasing a Condo?9597425
Buying a condo is a lot like the purchase of a single family members residence, but with some advantages. In the condo the homeowners 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 needed. 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 price is anyplace from 20 to 30 percent less than a normal single family members home. Especially fantastic 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 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 enjoy easy living, adhere to the condos for sale trail in nicely established, close to comfy and safe neighborhoods. Some might opt for a condo loft in a downtown region close to all the action. Other people may choose condos for sale in an region away from the noise if public transportation is available. Speaking of security, owning a condo in a building with 40 other units offers an element of security, too.
When leaving on a trip you can really feel comfy that you neighbor(s) will maintain a sharp eye out for thieves who believed your condo would be a soft touch.
Okay! So a lot for "the condos-are-fantastic" tour. How about couple of questions 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 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 some thing 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 price much less to preserve 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.