Real Estate Blog - Condos in Northern Dutchess County NY

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Condos in Northern Dutchess County NY

I would have to say that condos make up a small part of the new and resale market in Northern Dutchess. Condos in Ducthess County NY

Northern Dutchess condos are perfect for people downsizing because they don't want to take care of a house or as an investment made by parents to insure their student have a place to live while at college. Also Popular with young professionals.

1. Condos are governed by covenants and bylaws and are enforced by the condo association. When considering a purchase these documents should be reviewed prior to signing a contract; because you would want to know about any restrictions as well as what the HOA fees include. Some complexes might even have additional rules and regulations

2. Reserved fund - this fund is used to make repairs of common areas. However if a major project is necessary; for instance repaving of the parking lot each unit owner will get a special assessment; this will be added to the monthly HOA payment.

3. Maintenance - there is usually a property management company hired to take care of the complex. It might be a good idea to investigate the management company. I recently listed a a unit which was in excellent condition however the hallway was not well maintained, torn carpet. The owner indicated the work should have been completed months ago but was still not done. This affected the sale , the condition of the hall was a turn off for many potential buyers.

4. Amenities - these differ from complex to complex, ranging from play area and swimming pool to tennis court and fitness center.

5. Storage - Some condos have separate storage units with lockers as well as garage, others have storage in the basement.s

6. Laundry - Some allow washer and dryer in the unit, others have a coin operated laundry in the basement.

Keep in mind you will be living close to someone else so hope and pray you will get along.

Search for Condos in Northern Dutchess and surrounding areas

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

**** Informational only; deemed reliable but is not guaranted

Posted by Jennifer Fivelsdal, Fishkill NY on 10/27/2009 11:52 PM

Comments (9)

Buying a Condo in Northern Dutchess in the Home Buying Channel

condos, northern dutchess, ny, condos for sale

Originally posted at: Hudson Valley Musing: Condos in Northern Dutchess County NY

This post has been included in New York Information Dutchess County, NY Information
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Post is included in group: Hudson Valley Real Estate and Mortgage Professionals

9 Comments on Condos in Northern Dutchess County NY

OCT

Hi Jennifer... Condo living is a big adjustment for those who have never lived that lifestyle. There are unique considerations. It sounds like you are doing a good job helping people understand some of those. Way to go!

OCT

Good morning Jennifer, great post. Condo's are certainly not for everyone, but there are many that fit the lifestyle! Busy folks who dont' want to do the outside work, single folks who don't want the responsibility, people who like the idea of having neighbors, people not up to the shoveling, gardening tasks.

Steve it is an adjustment especially coming from a house with wide open space, where you did not have a neighbor above or literally next door. For some it is the rules and regulations that can be a sticky area.

Andrea Condos are an important real estate product. As you pointed out there is a wide range of people it appeals to.

The condo market here in my area has been brisk all year as many 1st time buyers have scooped them up.

Jennifer,

Thanks for sharing the information. Condos are a great choice for some people and not so great for others. But when the perfect fit is found, your clients will be happy.

Have a great day

Leander

Jennifer, as you know I am trying to sell my condo in Arlington VA, and thanks for commenting on the post. This post is great. We do not have many condos in Lewisburg, but in the metro DC area (VA, DC and MD), there are millions of condos.

Jennifer, I have a lot of Condo's in the area that I cover, and that is great information for Condo Buyers to have.

OCT

Jennifer, Great info! I have been showing some condos in Dutchess recently, very good information. Acutally, a colleague is working on the sale of a co-op that had a management change during the transaction. Luckily, the changeover won't affect the closing but the timing could have been concerning. Also, when a buyer is on the fence, hearing that the reserves are very healthy and assessments are not necessary is a great selling point.

NOV

Hi Melinda I love to see more agent from the Hudson Valley getting engage with AR so welcome.

Yes there is so much to consider when buying a condo. The surprise assessment can be troubling. Glad your deal worked out.

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