Sep 24, 2022
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Purchasing a condo is a lifestyle choice. However, buying it is not a simple task as a lot goes into research and analysis before making the final decision. Condos require low maintenance and are typically more affordable as compared to a single-family house. But it’s still an enormous investment, so you need to take your time and look into some factors to consider before buying a condo. Before diving into the factors to consider before buying a condo, let’s understand its benefits. What are the Benefits of Buying a Condominium? Flexible Living- For single people and small families, a condo is a better value for money living space. You can customize condos as per your needs, and it also provides a higher increase in property value. Great Sense of Community- In condos, you get an adequate space to get together with family & friends or host fun events to brings a great sense of community. Cheaper Insurance – Insurance requirements of condos are lesser than bigger residential flats. Depending on the size of the condominium, the policy price may be significantly cheaper than the homeowners’ insurance. But you’ll need to talk with an expert insurance agent to know the exact policy coverage and premiums. Covered Maintenance- You don’t have to fret much about miscellaneous costs that arise in an ordinary residential complex, as most condos your association might take care of such expenses. Security- Condo buildings may offer integrated security and surveillance systems and some buildings may even have security guards to take care of general security. Things to Consider when Buying a Condominium Confused buyers often end up making wrong choices. So, it is essential to know everything about the deal before making a deal. Not all condos may offer all benefits mentioned above, therefore it is crucial to... Continue Reading
Choosing Between a House or Condo
You may be considering buying your own home and are deciding between a house, condominium or a town home. All three options provide you with home ownership and the ability to grow wealth over time. Your lifestyle will usually dictate which home purchase is best for you. Here are a few comparisons between the three which may help you with your decision.
Owning a Condominium will come with rules and regulations. Many condominium associations have rules regarding pets. They usually limit the size and number of pets you can own. Some may have a cats only policy. There may also be a limit to how long you can have guests. Some condos only allow guest to visit overnight for a maximum of 60 days in a calendar year. Many modifications to the condo will need association approval as well. Replacing your a/c or installing new windows may require approval. You may be required to make application to the association for ownership and be approved to purchase. You will want to review the condominium rules and regulations to be sure you can live with the terms set forth by the association. The benefit of owning a condo is that you usually have some amenities included in the monthly maintenance fee and you won't have to do any yard work or replace the roof or paint the exterior. These are things that are almost always covered by the association. Condominiums may have financing limitations if you are an FHA home buyer.
Town homes have a house feel and are usually 2 story homes with the bedrooms upstairs. Town homes are a maintenance feee lifestyle similar to a condominium but like a condominium will have rules and regulations you must follow in order to live there.
A House will generally increase in value at a higher rate than a condo or town home. Houses will also give you more freedom (except for HOA rules) to landscape and modify as you see fit without needing permission from an association. Homes in a Home Owner Associations may be subject to rules regarding the exterior appearance of the house. You would have more freedom in remodeling and making additions to the home but you would also be responsible for the maintenance and repairs of items like the roof.
You should consider how your lifestyle will be best suited in the property you live in. Do you prefer more maintenance free that comes at an additional monthly cost or do you want to have a bigger home and be responsible of more maintenance on your own.
If you or someone you know is interested in buying or selling a home in western PAsco county Florida please contact me. I am always here to help.
Mike Gallo REMAX Sunset Realty (727) 271-2667 www.MoveWithMike.us
Daily Dream Home: Michigan Avenue
Daily Dream Home: Michigan Avenue
Situated on Michigan Avenue in Chicago, this South Loop elegant boutique condo building features a huge full floor condo with a private elevator that opens directly into the home. The building was built in 1895 and was the former Bordeaux Hotel and later the Chicago Park Avenue.
The condo features four bedrooms (three ensuite), three and a half baths plus sitting room or office with stunning…
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Toronto, Ontario Photo by the green buck March 2018
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Arquitectura moderna, Mendoza, 2008.
Thanks to devastating earthquakes, Mendoza has few remaining colonial buildings, and most of the present city is a product of the 20th and 21st centuries. There is some stylish modern architecture, including this condominium under construction when the photo was taken.
Foto del #progetto365 del #giorno 26 #febbraio. Foto del #vialetto #innevato del #condominio. #picoftheday #project365 #365project #26thfebruary #entrance #outdoor #pathway #architecture #snow #snowed #snowyday #condominum #desaturated #instaplace #instagram #instagood #instalike (presso Viale Roma 102A)
Church Building/ Commercial space For Sale in East NY Brooklyn. Building sits on a corner lot of 65x100 on Linden Boulevard in a residential community. Seating capacity range to around 500 in the sanctuary and an additional 75 on the second floor. On the second floor, there are four office spaces, one of which has a full bathroom and separate reception area. There is a full kitchen as well, with two exit points. The building is close to the L train, the #3 train and buses. If you’re not looking for a church sanctuary the Building is conducive for low income apartment and/or a condominium building. Asking price is $3,600,000 with room to negotiate. Contact Conrad for viewings. 917-776-2044 #higginsrealtygroup #church #sanctuary #commercial #condominum #apartmentbuilding #eastny #religion #forsale #developers (at East New York, Brooklyn)