| |
Come Home to
Condo Living
Looking for a place to call your own but without some of
the traditional hassles of home ownership -- like yard
work? Then you may want to consider purchasing a
condominium.
Condos are popular for a number of reasons including
size, location, amenities and, of course, limited lawn
care and maintenance responsibilities.
Only you can decide -- based on your lifestyle, your
budget and your personal preferences -- if condo living
is right for you.
To help, we've devised this condo readiness quiz:
Do you want or need to minimize the time you spend on
yard work and household maintenance chores?
Do you favor "extras" such as a swimming pool, fitness
center, party house or storage facility?
Do you need to reduce your monthly mortgage expenses?
Are you comfortable paying a condo fee (averaging
$100-$400 monthly) in exchange for upkeep of common
areas, including snow plowing, leaf removal, parking lot
maintenance and lawn mowing?
Are you willing to submit to the rules and regulations
for your community set forth by a condo board?
If you answered yes to one or more questions, condo
living may be in your future, so consider the following
next steps:
Look at both single-family homes and condos before
narrowing your selection.
Talk with current condo owners to get a feel for the
pros and cons of condo living.
Ask for specifics about condo fees, rules and
regulations. (Some condo boards assess additional
charges for maintenance work outside of routine
maintenance.)
Talk with your buyer's agent to learn more
about other things you should know before buying a
condo.
|
