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Are you thinking about buying a Condo on The North Shore Of Long Island?
You may have some questions about Condo life in general that you need answered. Larry & SheilaRealtors are answering Frequently Asked Questions about Condo Living onLong Islandto help Buyers decide whether or not this would be the right lifestyle choice.
Are There Rules To Be Followed?~ Yes, upon buying a Condo, you will be given a Homeowner's Manual and/or By-Laws. Many Condo communities do not allow you to see these rules before you are in contract
Are There Monthly Fees Involved?~ As a Condo owner, there are monthly fees you will have to pay as an owner. Every Condo here onThe North Shore Of Long Islandhas its own set of fees that are determined by the cost of running the common areas and the amenities which it offers.
Do All The Condos Charge The Same Fees?~ No, every community has different fees. At some Condos all owners pay the same fee no matter what size unit you are buying, and some are determined by the size of the unit.
Can I Change The Condo ToMeet My Needs?~ It depends on what kind of changes you want to make. Any exterior structural changes cannot be done. Any interior structural changes will have to be submitted to the Board or Management for approval. Each community is different and these rules will be included in the community By-laws and Homeowner's Manual.
Do Condos Have Garages?~ Some Condo communities have attached garages, some detached garages and some no garages. But most communities have parking spaces, although some are not designated ones.
Are Pets Permitted?~ This depends on the Condo. Some onThe North Shore Of Long Islandare pet friendly and others do not allow pets. AskLarry & Sheila specifics when buying a Condo here.
Whose Responsible For Exterior Maintenance?~If it's a Condo and not a Homeowner's Association, most of the time the community is responsible. However, check withLarry & Sheilafor details of the Condo you are interested in.
Are Rentals Allowed?~ Sometimes yes and sometimes no. Each community is different so if you are planning to buy a Condo onThe North Shore Of Long Island to rent out, you must verify this information with the individual community.
Do All Condos Have Amenities?~No. There are active Condo communities with clubhouse, pool, tennis, gym and social activities, and there are also some with no amenities except that the lawns are maintained and snow is removed. Some neighborhoods do not cover the lawn or snow maintenance, so again, check withLarry & Sheilafor this information.
What Is A Special Assessment?~ This is a fee approved by a homeowners association or Condo Board to cover items not provided for in the budget. This can be a controversial expense. Many associations do an excellent job of planning for replacement costs and are adequately prepared, however, others accumulate funds based on outdated cost estimates and discover when the day comes for a major repair or replacement that they do not have the funds to pay for the project.
Do All Condos Have Washer & Dryers?~ No, although many of them do have a washer and dryer within the Condo onThe North Shore Of Long Island, but check withLarry & Sheilawhen choosing a unit.
Do Condos Have Central Air Conditioning?~ Not all, so askLarry And Sheilawhen purchasing onThe North Shore Of Long Island.
Are There Age-Restricted Condos?Here onThe North Shore Of Long Islandwe have Non-Age Restricted Condos as well as Age-Restricted Condos for 48+, 55+ and 62+ adults.
Many consumers and Realtors too, conveniently refer to all of these types of structures as Condos, although they may actually be a Townhouse or PUD
There are many factors to keep in mind when choosing theNorth Shore Long Island Condoof your choice. This will be an investment decision that can last a lifetime and should be considered very carefully.
When you are ready to move to your Condo onThe North Shore Of Long Island, hireLarry And SheilaRealtors631-805-4400.
This Long Island Real Estate Condo Buyer Tip is courtesy of Larry And Sheila Realtors631-805-4400, helping Buyers and Sellers onThe North Shore Of Long Island.
Call, and take a look at Condos On The North Shore Of Long Island...
Do You Have Questions About Your Long Island Neighborhood? Need More Specific Information On Your Long Island Home or Condo For Purchase Or To Sell?
CallLarry And Sheila For More Comprehensive Reporting At 631-805-4400.
We Welcome Your Call!
If you or anyone you know is considering to sell their existing home on The North Shore Of Long Island, or is purchasing their first home, dream home, step-up home, or retirement residence, we would appreciate the opportunity to serve them. We can also recommend a relocation professional in the destination of choice outside our Long Island area!
All content, including text, photographs and images, remains the exclusive property of Suffolk Experts. Only with written permission of Larry & Sheila may anything be used by others. All information is believed to be accurate but is not guaranteed. Suffolk Experts and Larry & Sheila make no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, delays in information, any losses, inuuries, or damages arising from its display or use.
Welcome to our world of Real Estate!
We are Long Island's Premiere Realtor's representing all of Long Island New York, including Residential Homes, 55 and Over Communities, Condo/Townhouse, Luxury Long Island Properties and Corporate Relocation Specialists!
Interested in selling your Long Island Home or Condo? Contact Larry and Sheila to get a professional estimate at 631-805-4400.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.