Eliane Consalvo - LAER Realty Partners



Posted by Eliane Consalvo on 12/31/2017

If youíre looking to buy a property in the near future, you may be considering a condominium as a part of your search criteria. Thereís so much to consider when you are deciding on whether to buy a condo or a traditional home. Condos can be great for the right buyers. You just need to be sure that your needs will be met by purchasing a condo. Hopefully, laying out the pros and cons will help you to make an informed decision thatís right for you.

The Positives

Thereís many great pros to buying a condo. For people who seek security and easy upkeep living, buying a condo can be great for the following reasons:   

Security: Many condominiums offer gated communities with security staff on duty. In this way, living in a condo gives you a special sort of safe community feel. 

Amenities: Condos also offer many different kinds of perks for owners. These can include a pool, a clubhouse, or community events. You wonít get all of these unique benefits living in a traditional house.

Maintenance: You donít have to worry about maintaining your home or the surrounding areas. In a condo, someone else takes care of it for you! When your heating unit fails, it will be taken care of. This is one of the great benefits to this style of home.  

Accessible prices: Condos are much more affordable than homes in many places.  Purchasing a condo can be a great first step to home ownership.   

The Negatives


HOA Fees: All of the amenities that condos carry come at a price. You as the homeowner cover the costs of maintenance and security in the community. This fee is paid on top of your mortgage payment. In some cases, the association fees can vary widely, so plan your finances accordingly. 

Privacy: Living in a condo is similar to living in an apartment. Thereís a lack of privacy that exists when youíre sharing walls with your neighbors. Youíll hear people going up and down the halls and fellow owners will be around you 24 hours a day. If you enjoy your privacy and space, condo living may not be for you. 

Selling: If you have seen one condo in a specific complex, you have seen them all. Thatís what makes selling a condo difficult at times. If a building has more empty units than not, the condo may be more difficult to sell. Keep this in mind when youíre searching.   

Condos Have Rules: Living in a condo means youíre living under the managementís rules. You may not to be able to install the technology that you want like solar panels and satellite TV under the community regulations, for example. A condominium's home owner association may limit things like what you can do in your yard or hang on your door.

In Summary

The decision to buy a condo over a single family home is a big one. Thereís many different things that need to be considered on an individual basis for your choice to be complete. Look at your decision from all angles. A condo could be a great pathway to home ownership for many people.       





Posted by Eliane Consalvo on 1/19/2014

When it comes to searching for a home, there are a lot of factors that you have to consider. This is especially the case if you are shopping for condos, as you will be sharing a lot of common space with your neighbors as well. The first thing to look into is the overall interactivity that goes on within the block of condos you are considering to make your home. In most cases, it is always better to find a condo that has an interactive community, because this in turn means that you never have to worry that someone might not be doing their part in keeping the block of properties maintained and in good condition. One thing to be careful of is that some communities do not allow pets, and so if you are looking for a condo for you and your pets, then you need to make sure that the community has no problem with this. In the end, you have to find a condo that is able to be comfortable to live in, and where there is the least amount of stress. While it can be very beneficial to live in a community, it can at times be stressful if you are not one to go by strenuous rules. For some people, the idea of owning a home means that they have the freedom of choice to do what they want in their property. One of the most important things to look into when buying a condo is the condo fees. What are they and what will they be down the road? Are they set condo fees, or could they become too costly to pay down the road? Some condos fees go up to the point that makes the great price you got on the condo not look so great because of what you are paying in taxes and condo fees. One of pluses of a condo is no maintenance and a lot of people really like that especially in your later years when you donít want to mow the lawn or shovel the sidewalks. A condo is a great option for many buyers and you can generally get into a condo for a fair price.