Should You Buy a House or a Condo?
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Article by: John Carle & Sharon Gregresh A big debate these days is whether or not to buy a house, , The Hosta - A Shade Loving Perennial or buy a condo. Most of this debate comes from a lack of understanding about condos, and what they are. Hopefully, the following information , Cork's Coziness Makes It Ideal Flooring will prove to be helpful. When Buying a condo, are you a tenant? No. That simply isn't true. When you buy a condo, you are buying a part of the corporation, and are thus an equal owner. It is true that you can be forced to move, if you are really disturbing the other owners, or causing problems. But this is true of residential homes , Handcrafted Garden Bridges Builds Traditional Arched Span Bridges with Modern Flair as well. If your neighbors complain repeatedly about smell, health concerns, or criminal behavior, then you may be forced to move. The same holds true in condos and houses , Improving Deer Quality in Pa alike. The board can force you to pay thousands of dollars arbitrarily, and without notice. At first glance, this may appear to be true. But keep in mind that the condo association is made up of owners who have the same goal as you… Having a comfortable place , Double Glazing to live that is building , Direct Mail – Don't Assume, Just Test And Track equity. The members of the condo association do not make any money from their positions. They are owners like yourself, , A Smart Spin for the Container-Challenged who are volunteering their time. There can, however, be "special levy's" brought about by unexpected maintenance in the building. , Advice on Buying and Using a Meat Smoker The same holds true of a house , Cork's Coziness Makes It Ideal Flooring as well; the expenses just come from a different place. , Tips on Dealing with Slugs and Snails in the Garden Ask anyone who owns a house , Landscaping Ideas: Creating A Backyard Wetland how much it cost them for their last furnace. Or how much they spent repairing the water , Tips on Making Beautiful Floral Arrangements leak, and replacing the shingles. The advantage in a condo association is that you share these costs with the other owners, and are forced to save , Shop and Personal Safety money in advance for these repairs, , Bonsai Tree Forum: Bonsai Basics through the reserve fund. Condo fees cost too much each month! Again, not necessarily true. If you were to add up the amount of money that a family spends over 5 years on the maintenance of their house, , How to Grow a Forest of Sundews you'll usually notice that it equals more than 5 years worth of condo fees. Also, many condo associations pay for their monthly expenses as a group. Heat, , A Unique History of the Light Bulb water, , After the best sourced opinion relating to flower pots. insurance, and maintenance are examples of such expenses. By purchasing as a group, they can often get these services at a lower rate than a single home , Using Lawnmowers To Build And Mark Tennis Courts owner can. I could never live in such close quarters That's probably true. Condos aren't for everyone. Every person has to make their own decision, based upon their own lifestyle; now and in the future. If you have 3 large dogs, 3.5 children, and 4 cars… a condo probably isn't for you. But, if you're a single young executive who works 80 hours a week, or you're retired and travel most of the year, then perhaps a condo is the right choice for you. Only you can make that decision, as it is a lifestyle choice. Here are some factors to consider in your decision.
In fact, these are issues to consider on any home, , Double The Storage Space In Your Bedroom Closet not just a condominium. , Choosing Garden Furniture It's just as easy to get "bad" neighbors when you buy a house , Planting Roses - Tips And Ideas To Ensure Beautiful Results as it is when you buy a condo. The best advice , The Free Neighborhood Home Décor Makeover that can be given is to research your choices, and be objective when choosing a home. , Pest Control Tips for Maintaining Your Greenhouse My favorite example of this is as follows: "A friend of mine asked me to help him find a home. , How to build a water pond !! He's a single young man who travels 75% of the time for his job and is rarely at home. , After the best sourced opinion relating to flower pots. When he is home, , Shop and Personal Safety all he wants to do is sleep and watch TV. He wanted to buy an acreage so that he could have privacy. After looking at the amount of continuous maintenance required for an acreage, he realized that acreage living wasn't for him. He's very happy in his apartment , A Unique History of the Light Bulb style condo." Make your own decisions, based upon what's best for you. If a condo is where you'll be happiest, then buy a condo. If a house , After the best sourced opinion relating to flower pots. is what's right for you, buy a house. , Direct Mail – Don't Assume, Just Test And Track John Carle & Sharon Gregresh are Realtors with Royal LePage - ArTeam in St. Albert, AB. They pride themselves on providing more than just real estate sales and listings. Their clients benefit from a much larger spectrum or real estate services. Contact them any time at information@workingtogether.ca or through their website at www.workingtogether.ca. They can be reached by phone , Free Satellite TV - Myth? Real? or It's Just a Joke? at (780) 458-5595 |
  
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