REAL TALK: Is a Condo Right for You?
Condominium sales have been on a steady rise in many areas of the country. The two large groups of condominium buyers are couples whose children have left home and people buying a vacation property. These are also ideal for the University student whom needed allocate time for grounds maintenance etc. There are several things to consider when purchasing a condo, no matter where it is located or why you are making the purchase. In some condominium communities you will share such facilities as hallways, parking areas, storage areas, clubhouses, swimming pools and tennis courts with other residents. Another thing to consider is the added costs that can come with owning a condo. Most condominiums charge a monthly association or maintenance fee that covers the cost of upkeep. The fee will generally cover the cost to maintain the grounds as well. In some communities, the fee covers such things as water and trash disposal. An additional benefit of owning a condominium is added security. Many communities offer gated entryways, security systems, and visitor call boxes.
Information provided by ERA.com
