Condos For Sale - What Are the Benefits of Purchasing a Condo?3916426
Buying a condo is a lot like the purchase of a single family members residence, but with some benefits. In the condo the property owners 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 occasions of foreclosures and falling home sales, a condo purchase is an appealing option. Why? Simply because the cost is anywhere from 20 to 30 percent less than a normal single family members home. Particularly fantastic 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-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 simple 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 near all the action. Others 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 offers an element of safety, as well.
When leaving on a trip you can 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-wonderful" 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 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 severe happens? - Prior to signing on the dotted line for your condo buy, you need an inspection. Since you are ostensibly a co-owner of the building, assessments can happen.
A condo purchase can increase your purchasing power. Condos usually price much less to preserve 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.
