Carol George's Blog
If you’re looking to buy a property in the near future, you may be considering a condominium as a part of your search criteria. There’s so much to consider when you are deciding on whether to buy a condo or a traditional home. Condos can be great for the right buyers. You just need to be sure that your needs will be met by purchasing a condo. Hopefully, laying out the pros and cons will help you to make an informed decision that’s right for you.
There’s many great pros to buying a condo. For people who seek security and easy upkeep living, buying a condo can be great for the following reasons:
Security: Many condominiums offer gated communities with security staff on duty. In this way, living in a condo gives you a special sort of safe community feel.
Amenities: Condos also offer many different kinds of perks for owners. These can include a pool, a clubhouse, or community events. You won’t get all of these unique benefits living in a traditional house.
Maintenance: You don’t have to worry about maintaining your home or the surrounding areas. In a condo, someone else takes care of it for you! When your heating unit fails, it will be taken care of. This is one of the great benefits to this style of home.
Accessible prices: Condos are much more affordable than homes in many places. Purchasing a condo can be a great first step to home ownership.
HOA Fees: All of the amenities that condos carry come at a price. You as the homeowner cover the costs of maintenance and security in the community. This fee is paid on top of your mortgage payment. In some cases, the association fees can vary widely, so plan your finances accordingly.
Privacy: Living in a condo is similar to living in an apartment. There’s a lack of privacy that exists when you’re sharing walls with your neighbors. You’ll hear people going up and down the halls and fellow owners will be around you 24 hours a day. If you enjoy your privacy and space, condo living may not be for you.
Selling: If you have seen one condo in a specific complex, you have seen them all. That’s what makes selling a condo difficult at times. If a building has more empty units than not, the condo may be more difficult to sell. Keep this in mind when you’re searching.
Condos Have Rules: Living in a condo means you’re living under the management’s rules. You may not to be able to install the technology that you want like solar panels and satellite TV under the community regulations, for example. A condominium's home owner association may limit things like what you can do in your yard or hang on your door.
The decision to buy a condo over a single family home is a big one. There’s many different things that need to be considered on an individual basis for your choice to be complete. Look at your decision from all angles. A condo could be a great pathway to home ownership for many people.
165 Bunker Hill Avenue, Stratham, NH 03885
For many people, nothing beats condo living. As such, the demand for condos continues to grow, and many property buyers are relocating to condos across the nation.
Before you buy a condo, however, it is important to remember that condo living is different from living in a traditional house. Therefore, property buyers who plan accordingly can set realistic expectations for condo living.
How can a property buyer find out what it's like to live in a condo community? Here are three tips to help you prepare for condo living.
1. Learn About Condo Communities in Your Area
Condo communities come in all shapes and sizes, and you should take a close look at the condo communities in your city or town to find out what they're all about.
Even a quick drive through a condo community may prove to be exceedingly valuable. This will enable you to see the size and style of assorted condos, along with the distance between the properties themselves.
After you view a few condo communities, consider what you'd like to find in your ideal residence. This will enable you to compare and contrast your home must-haves versus what condos offer and map out your property search accordingly.
2. Meet with Current and Past Condo Owners
Do any family members or friends who currently live in a condo community? If so, schedule a meet-up with them so they can share their thoughts and views on condo living with you.
Nothing beats firsthand knowledge about condo communities. By meeting with current or past condo residents, you can better understand the pros and cons of condo living.
Be sure to come up with a list of questions before you meet with current or past condo residents as well. Remember, the more you prepare, the better off you'll be as you determine whether condo living is right for you.
3. Collaborate with a Real Estate Agent
A real estate agent has a simple goal: to help you find a residence that you'll be able to enjoy both now and in the future. As a result, this housing market professional can set up condo showings for you, allowing you to find out what it's like to live in a condo community.
In addition, a real estate agent can provide extensive details about what to expect if you decide to purchase a condo. This real estate professional can provide a copy of a condo community's homeowners' association (HOA) rules, inform you about any HOA fees and offer details about community pools and tennis courts that may be available to condo residents.
Perhaps best of all, a real estate agent is happy to offer honest, unbiased condo buying recommendations. He or she can provide you with plenty of information about a broad assortment of condos to help you make an informed purchase decision.
When it comes to browsing condos, don't leave anything to chance. Instead, collaborate with a real estate agent, and you can explore a variety of condos any time you choose.
165 Bunker Hill Avenue, Stratham, NH 03885
A condo represents a special type of property, and for good reason. Ultimately, there are many great reasons to purchase a condo, including:
1. You won't have to worry about home exterior maintenance.
For those who dread mowing the lawn on a hot summer day or shoveling snow out of their driveway in sub-zero temperatures, a condo may prove to be a terrific investment.
Condo owners typically pay homeowners association (HOA) fees that cover the costs of home exterior maintenance. Thus, condo owners can reap the benefits of fresh-cut grass, snow-free walkways and other home exterior maintenance perks throughout the year.
Furthermore, condo owners typically are protected against the risks associated with severe roof damage. This means if a hurricane damages or destroys your home's roof, your HOA fees will cover the costs to repair or replace your roof.
2. You can be a part of a wonderful condo community.
Condo communities are set up across the United States and feature rules and regulations set up by HOAs. Although each condo community is different, many communities share rules that ensure each condo owner can enjoy a wonderful experience day after day.
For example, some condo communities set up quiet hours, minimizing the risk that you'll be forced to deal with raucous parties or loud noises late at night. Or, condo communities may prevent condo owners from renting out their properties, which means your neighbors are property owners who care about their neighborhood just as much as you.
Condo communities also may feature neighborhood events periodically. That way, you should have no trouble meeting your neighbors and making new friends in your condo community.
3. A condo may prove to be cheaper than a house.
Buying a condo frequently usually offers a cost-effective alternative to purchasing a house.
Condos are available in a wide range of sizes and styles, ensuring that you can find a property that matches your budget and personal taste. Plus, condos enable you to avoid the headaches associated with roof repairs and other home maintenance projects that may crop up for homeowners.
Purchasing a condo is a big decision, and it is important to conduct plenty of research before you make an investment in any property. With a trusted real estate agent at your disposal, you can search for condos in your area and find one that suits you perfectly.
Hiring a real estate agent with condo experience is essential, particularly for property buyers who want to get the best condo at the best price. An experienced real estate agent will be able to teach you about the ins and outs of condos and ensure that you can find a property that you can enjoy for years to come. In addition, your real estate agent can keep you up to date about new condos as they become available and help you accelerate the property buying process.
Choose an experienced real estate agent to serve as your property buying guide. This real estate professional will make it easy for you to discover your dream condo quickly and effortlessly.