Tips to Help You Buy a Condo

If at all you are planning on buying a condominium, there are plenty of factors that you should consider. The process is quite straight forward if you use a properly certified home inspector.

 

The pros and cons of buying a condo

Buying a condo can be a great way to dive into homeownership without worrying about much of the upkeep that comes with single-family homes and town houses. Condo dwellers can also typically take advantage of shared amenities, plus having professional management to take care of building maintenance.

A condo is a single unit within a multiple unit property. Your individual unit is privately owned, while other areas are shared — amenities that may include a park, pool, playground, gym and a dog area.

Condo associations can differ based on the requirements of the individual property. Some may impose additional fees to cover shared expenses, such as unexpected building repairs or even adding new amenities that are approved by the condo board.