Condos For Sale - What Are the Benefits of Purchasing a Condo?514471
Buying a condo is a lot like the buy 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 usually fixes other annoying and bothersome products like a roof leak and whatever is required. On the other hand in the single family members home YOU do all this work. Sounds like fun, huh!
Even in occasions of foreclosures and falling home sales, a condo buy is an attractive option. Why? Simply because the price is anywhere from 20 to 30 percent much less than a regular single family members home. Particularly great for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. An additional plus on the glad-I-bought-a-condo smile sheet, is no worry 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 well established, close to comfy and safe neighborhoods. Some might 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, too.
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 questions 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 severe occurs? - Prior to signing on the dotted line for your condo buy, you require an inspection. Because you are ostensibly a co-owner of the building, assessments can happen.
A condo purchase can improve your purchasing power. Condos generally cost 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 community center.
