Buying a condo is much like the purchase of a single family residence, however with a few benefits. In the condo that the homeowners association illuminates the footprints, mows the lawn, trims the trees and normally fixes other bothersome and annoying items like a roof leak and whatever is needed. On the other hand in the single family home YOU do all this work. Seems like fun, huh!
Even in times of falling and foreclosures Miami Beach homes for sale, a condominium purchase is an attractive option. Why? Since the price is anywhere from 20 to 30% less than a normal single family dwelling. Particularly perfect for the young couples, singles or perhaps retired seniors in countries where it snows or freezes seven weeks per year. Another plus on the glad-I-bought-a-condo grin sheet, is no worry about shovelingrepairs, maintenance, or other dreaded actions. Yep! Sell the snow shovel and motorized lawn mower. It will no longer be a requirement.
Many people who wish to enjoy simple living, follow the condos for sale trail in well established, near comfortable and safe neighborhoods. Some may opt for a condominium loft in a downtown area near all the action. Others may choose condos available in a place away from the noise if public transport is accessible. Speaking of security, owning a condo in a building with 40 other units provides an element of safety, too.
When leaving on a trip you’re able to feel comfortable that you neighbor(s) will continue to keep a sharp eye out for thieves who believed your condominium would be a tender touch.
Okay! How about a couple of questions you need to ask prior to a purchase?
– Is there some law suit or impending lawsuit against the condo association? It’s important that you’re conscious of it before signing any paperwork. Older condo units will be the ones most vulnerable
– Does the condo institution have adequate reserves stashed out for improvements and repairs in case something serious occurs? Since you’re ostensibly a co-owner of this building, assessments can happen.
A condo purchase can increase your buying power. Condos usually cost less to maintain than a single family homes. Also condos have conveniences that many couldn’t otherwise afford.