Condos For Sale - What Are the Benefits of Buying a Condo?9441450
Buying a condo is much like the buy 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 products like a roof leak and whatever 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 buy is an appealing option. Why? Simply because the price is anyplace from 20 to 30 percent much less than a normal single family home. Especially fantastic 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-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 individuals who want to enjoy simple living, follow the condos for sale trail in well established, close to comfy and safe neighborhoods. Some may opt for a condo loft in a downtown area close to 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 security, as well.
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-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 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 some thing serious occurs? - 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 occur.
A condo purchase can improve your purchasing power. Condos usually price less to maintain than a single family members homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a community center.
