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Condo Living
Advantages to Buying or Owning
a Condominium
by: David Chandler
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Condos have become an increasingly attractive home
ownership option for singles, young couples, families
and retired couples (that's just about everybody!).
A condo is a viable option for anyone who wants
to own a home without the worry of repairs, maintenance
and dreaded chores like snow shoveling.
Condos are usually located in well established,
proven neighborhoods. Giving you the opportunity
to see where everything is before you decide to
buy. Some condos are the same size as houses as
far as square footage is concerned, and the accessibility
is a little more governed. You have people closer
to your condos so there is more of a chance that
someone will watch your property while you are away.
You need an inspection completed before buying a
condominium. Do not forget that when you buy a condo,
you are also buying into the entire building in
which your condo is located. As a co-owner of the
building, you will be assessed your proportional
share of the cost for corrective work required in
common areas, such as the roof, heating system,
or foundation.
 Condominiums
will increase your buying power. Condos usually
sell for 20 to 30 percent less than similar detached
homes. You will have all the luxury of owing your
own home, but will be able to share the cost of
upkeep on the building, roof, and foundation. For
most buyers the choice is to buy a condo that meets
their living needs or continue to rent.
Condominiums usually cost less to maintain than
detached homes. The replacement cost of the high
rise's roof, may be more in absolute terms than
replacing the roof of a detached single-family home,
but the cost per owner should be less.
Condominiums have amenities that you could not otherwise
afford, such as swimming pools or tennis courts,
there own community center with exercise rooms and
much more. Condominiums are ideal homes for people
without children or some with a very small family.
After reading this article completely you should
have a general idea of why buying a condominium
maybe what you are looking for.
About The Author
David Chandler
For more information, visit http://www.CondominiumsInfo.com. |
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