Purchasing a condo is much like the acquisition of a single family residence, but with some added advantages. In the condo, the homeowners association trims the shrubs, mows the lawn, trims the trees and normally fixes other irritating and troublesome items like a roof leak and whatever is required. In contrast, in the single family home you do all this work. Even during times of foreclosures and falling home sales, a condo purchase is an attractive option. The reason is that the cost is proximately 20 to 30 percent less than a regular single family home. This is particularly a great option for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. Furthermore, on the glad-I-bought-a-condo phase, is no stress about shovelling, repairs, upkeep, or other not look forward to chores. SO, you may actually sell off the snow shovel and motor-powered lawn mower. It will be of no substantial use now.
A majority of people who want to cherish easy living, go behind and follow the condos for sale trail in well recognised, close to contented and safe neighbourhoods. While few of them may opt for a condo loft in a centre area near all the action. Others might go for condos for sale in an area which is evidently away from the noise if public transportation is available. Talking about safety, owning a condo in a building with 40 other units gives a part of safety, too.
When you are leaving for a trip you may feel at ease that your neighbour(s) will keep a tight watch out for thieves who thought your condo would be an easy place for a theft. Now, that we are done knowing how wonderful condos are, let us dig deeper into the type of questions you must enquire before purchasing a condo.
- You must enquire if there is any law suit or undecided court case against the condo association. This question is important for you to be aware of, before signing any paperwork. Older condo units are the ones most vulnerable
- You must also see if the condo association have adequate reserves stashed away for repairs and improvements in case something serious occurs. There is a famous saying that prevention is better than cure. Following the quote, we must assure that preventive measures are taken care of by the condo association in a stressful scenario.
- Before you get on to signing the dotted line for your condo procurement, you need to inspect. From the time when you are apparently a co-owner of the building, assessments can occur.
A condo purchase has the capability of enhancing your buying power. Condos in usual cases cost less to maintain than single family homes. Furthermore condos have facilities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a community centre.
In case you wish to look for a condo, contact ‘Condo Karma’. You may call them on 647-964-2000 or drop an email on Sandeep@realbizrealty.com. For more information, you may refer to their website– condokarma.com