If you are downsizing or you just don’t want to mess with the upkeep of a single-family home, then consider buying a condo. Condos are a great way to pay less for a home where you don’t have many maintenance issues. Most condos have a homeowner’s association that take care of things such as roofing, landscaping and swimming pool maintenance. You must pay a small fee for this service but it is worth it. Once you have purchased one condo, you can purchase another one to rent out for vacation rentals. Read the rest of this entry »
Living in a condo has a few advantages versus living in a single-family home. Most condos have a Home Owner’s Association that collects payments monthly. These payments go towards the maintenance of the community. If your condo has a swimming pool, workout center and landscaping, then these are the types of things you pay for with your fees. Be sure you read the HOA rules before buying your unit. Most HOA have heft late fees and penalties for not paying your fees on time. The best advantage Read the rest of this entry »
Purchasing real estate for investment purposes is a common way many will establish equity or amass great wealth. Most assume the buying and selling residential properties exclusively revolve around homes. This is not necessarily the case. Often, condos are purchased as part of a real estate investment plan. The fact people do this should not come as a surprise. A condo, just like a home, can increase in value. In some ways, a condo may be a safer investment purchase.
A home can Read the rest of this entry »
Some will suggest that living in an apartment or a condo is a waste of money. They say that you are paying a monthly rent, but you are not receiving ownership of that condo in return. A house is something that you pay your monthly mortgage on, but you are receiving ownership of the home. Thus, they say that this is why everyone should look to buy a home. However, there really are some advantages to living in a condo that actually Read the rest of this entry »
Condo living can be gracious and fun for families or comfortable for singles. On one hand, there is a community feel to the condo and on the other perhaps the community is too noisy or even nosy. There are other pros and cons of condo living.
Condo owners don’t have the maintenance issues homeowners have.
Condo owners have neighbors at hand in an emergency. Homeowners might not have close neighbors.
Condo owners get package deals on cable offers because the complex has a contract Read the rest of this entry »
The American dream of owning your own home doesn’t often include a condo. However, ADT New-Jersey Home Security, a condominium is a viable alternative to buying a single family home. The square footage won’t be the same due to the lack of a basement and attic. That alone will bring the price into a reasonable range. The condo offers community living with amenities a single family home might not offer. The condominium life would be for you if:
*You hate cutting grass (condos do that as part of the fees)
*you don’t know how to fix a roof or plumbing (condos have that covered)
*you have to dig your own driveway out of the snow (condos contract that out)
*you have no intention of building an addition onto the house
*you don’t mind security keeping an eye on your car and unit(cops are too busy to do drive-bys to check on a house)
*you enjoy having neighbors you can chat with
*you enjoy having a pool and community hall you can visit
Condos are not apartments; they have obligations apartments don’t have. They enjoy the same sense of community and safety that a single family home will never know. That might be for you.