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Buying a condo is far like the purchase of a single household residence, but with some benefits. In the condo the homeowners affiliation trims the shrubs, mows the lawn, trims the timber and customarily fixes other annoying and bothersome items like a roof leak and whatever is needed. However within the single family residence YOU do all this work. Sounds like enjoyable, huh!

Even in times of foreclosures and falling dwelling sales, a condo purchase is an attractive option. Why? Because the associated fee is anyplace from 20 to 30 p.c less than an everyday single household home. Especially nice for the younger couples, singles or even retired seniors from states where it snows or freezes seven months a year. Another plus on the glad-I-purchased-a-condo smile sheet, isn't any worry about shoveling, repairs, maintenance, or other dreaded chores. Yep! Sell the snow shovel and motorized lawn mower. It will now not be a requirement.

Many people who need to enjoy easy dwelling, observe the condos for sale trail in well established, close to comfortable and safe neighborhoods. Some may go for a condo loft in a downtown space close to all 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 forty different units provides an element of safety, too.

When leaving on a visit you'll be able to feel comfortable that you neighbor(s) will keep a sharp eye out for thieves who thought your condo would be a soft touch.

Okay! So much for "the condos-are-wonderful" tour. How about few questions you need to ask previous to a purchase?

- Is there any law suit or pending litigation against the condo affiliation? It can be crucial that you're aware of it before signing any paperwork. Older condo units are those most susceptible

- Does the condo association have adequate reserves stashed away for repairs and improvements in case something serious happens?

- Prior to signing on the dotted line for your condo purchase, you need an inspection. Since you are ostensibly a co-owner of the building, assessments can occur.

A condo purchase can improve your buying power. Condos often price less to keep up than a single family homes. Also condos have amenities that many couldn't in any other case afford. Swimming swimming pools, tennis courts, train rooms, and, in many cases, a community center.

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