Buying a condo is way like the acquisition of a single household residence, however with some benefits. Within the condo the houseowners affiliation trims the shrubs, mows the lawn, trims the trees and usually fixes other annoying and bothersome items like a roof leak and no matter is needed. On the other hand within the single family house YOU do all this work. Sounds like enjoyable, huh!

Even in instances of foreclosures and falling house sales, a condo purchase is an attractive option. Why? Because the associated fee is anyplace from 20 to 30 p.c less than a regular single household home. Particularly nice for the younger couples, singles or even retired seniors from states the place it snows or freezes seven months a year. One other plus on the glad-I-purchased-a-condo smile sheet, is not any fear about shoveling, repairs, upkeep, or different dreaded chores. Yep! Sell the snow shovel and motorized lawn mower. It will now not be a requirement.

Many people who want to enjoy simple residing, follow the condos for sale path in well established, close to comfortable and safe neighborhoods. Some might go for a condo loft in a downtown area near all of the action. Others could select condos for sale in an area away from the noise if public transportation is available. Speaking of safety, owning a condo in a building with 40 other units provides an element of safety, too.

When leaving on a visit you’ll be able to really feel comfortable that you just neighbor(s) will keep a pointy eye out for thieves who thought your condo would be a soft touch.

Okay! A lot for «the condos-are-wonderful» tour. How about few questions you should ask previous to a purchase?

– Is there any law suit or pending litigation in opposition to the condo association? It is necessary that you are aware of it earlier than signing any paperwork. Older condo units are those most inclined

– Does the condo affiliation have adequate reserves stashed away for repairs and improvements in case something critical occurs?

– Prior to signing on the dotted line for your condo purchase, you need an inspection. Since you’re ostensibly a co-owner of the building, assessments can occur.

A condo buy can increase your buying power. Condos usually cost less to take care of than a single family homes. Additionally condos have amenities that many couldn’t otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a community center.

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