Buying a condo is way like the purchase of a single household residence, however with some benefits. In the condo the houseowners association trims the shrubs, mows the lawn, trims the bushes and usually fixes different annoying and bothersome items like a roof leak and no matter is needed. Then again in the single family home YOU do all this work. Sounds like enjoyable, huh!

Even in times of foreclosures and falling home sales, a condo purchase is an attractive option. Why? Because the associated fee is anywhere from 20 to 30 % less than an everyday single family home. Especially great for the young couples, singles and even retired seniors from states the place it snows or freezes seven months a year. One other plus on the glad-I-bought-a-condo smile sheet, is no fear about shoveling, repairs, maintenance, or different dreaded chores. Yep! Sell the snow shovel and motorized lawn mower. It will now not be a requirement.

Many individuals who want to enjoy straightforward living, follow the condos for sale path in well established, close to comfortable and safe neighborhoods. Some may go for a condo loft in a downtown space close to all of the action. Others might select condos on the market 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 trip you possibly can really feel comfortable that you simply neighbor(s) will keep a pointy eye out for thieves who thought your condo could be a soft touch.

Okay! So much for «the condos-are-wonderful» tour. How about few questions it’s best to ask previous to a purchase?

– Is there any law suit or pending litigation against the condo affiliation? It can be crucial that you are aware of it earlier than signing any paperwork. Older condo units are those most vulnerable

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

– Previous 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 purchase can improve your buying power. Condos usually value less to take care of than a single family homes. Also condos have amenities that many couldn’t in any other case afford. Swimming swimming pools, tennis courts, exercise rooms, and, in lots of cases, a community center.

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