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 youLong Island Condo need answered. Larry & Sheila Realtors are answering Frequently Asked Questions about Condo Living on Long Island to 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 on The North Shore Of Long Island has 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 To Meet 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 on The North Shore Of Long Island are pet friendly and others do not allow pets. Ask Larry & 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 with Larry & Sheila for 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 on The 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 with Larry & Sheila for 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 on The North Shore Of Long Island, but check with Larry & Sheila when choosing a unit.
 
Do Condos Have Central Air Conditioning? ~ Not all, so ask Larry And Sheila when purchasing on The North Shore Of Long Island.
 
Are There Age-Restricted Condos? Here on The North Shore Of Long Island we have Non-Age Restricted Condos as well as Age-Restricted Condos for 48+, 55+ and 62+ adults.
 
 

What's The Difference Between A Condo, A Townhouse and A Pud?~The easiest explanation is the following but you can also read this link which Larry & Sheila wrote on this subject: http://activerain.com/blogsview/3035434/is-there-a-difference-between-a-condo-a-townhouse-and-a-pud-

Townhouse ~ You own the land on which it sits.

Condominium ~ You own the inside of the unit.

PUD ~ You own the land front and back of unit.

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 the North Shore Long Island Condo of 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 on The North Shore Of Long Island, hire Larry And Sheila Realtors 631-805-4400.

This Long Island Real Estate Condo Buyer Tip is courtesy of Larry And Sheila Realtors 631-805-4400, helping Buyers and Sellers on The North Shore Of Long Island.

Call, and take a look at Condos On The North Shore Of Long Island...
 
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If your home or condo is listed with another broker, this is not a solicitation of the property.
 
Sale May Be Subject To Term & Conditions Of An Offering Plan.

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Larry And Sheila Long Island Realtors 

 

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? 

 
Call Larry 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.

                   

 

  

 
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20 Comments on Some Facts About Buying A Condo On The North Shore Of Long Island

SEP
15
1,450,130 Points 46 Featured Posts Outside Blog Called Shot Master

Anyone looking to buy a condo in Long Island should call you . You are the experts.
4:30am • #1
894,670 Points 34 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This is a great condo explaination, Larry and Sheila. Everything anyone needs to know about Long Island condos. Suggested.
4:35am • #2
932,903 Points 73 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry/Sheila...this is an excellent explanation of many of the terms that may come up when buyers are looking to buy a condo on the north shore of Long Island.
4:37am • #3
982,505 Points 79 Featured Posts Called Shot Master

In the inimitable words of Carly Simon........"nobody does it better!"
4:53am • #4
1,439,596 Points 26 Featured Posts Outside Blog Called Shot Master

Very good information for prospective purchasers.


Have a very special weekend with your camera in hand.
6:58am • #5
702,236 Points 55 Featured Posts Outside Blog Called Shot Master

Good Morning Larry and Sheila, A wonderful blog on purchsing condos on the North Shore of Long Island. Another great job. Have a great Saturday
6:59am • #6
953,405 Points 52 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry & Sheila, there are more rules with multi-family properties, and great post identifying these for potential buyers!
7:05am • #7
354,306 Points 30 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry & Sheila,

These are great questions and people need to know, even if they don't ask. There seems to be a lot of baby boomers, empty nesters and people who are single today. Condos are a great alternative to renting.

You've put together a great list of questions and answers which helps put things into perspective!
10:04am • #8
431,004 Points 10 Featured Posts Outside Blog

Larry & Sheila, excellent information that all potential Condo Buyers would want/need to know. Personally, I love Condo living! You've certainly answered many important questions.
11:11am • #9
924,250 Points 13 Featured Posts Called Shot Master

Larry and Sheila,

This is a great explanation of condo living, and I am suggesting this post, as I feel the public at large should be aware of this.  Thankss, and it is well written.  A
11:43am • #10
209,139 Points 6 Featured Posts Outside Blog Called Shot Master

Larry/Sheila, you did a wonderful job here answering a great deal of buyer questions for the Long Island market.  Have a wonderful weekend. 
12:17pm • #11
311,291 Points 20 Featured Posts Outside Blog Called Shot Master

Perfect.  Most condo developments have pretty much the same rules and regs.  Good to have them printed out so no one can say, "but you never told me".
2:30pm • #12
1,154,377 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Larry and Sheila these are valid concerns when buying a condo.  A condo buyer would be wise to seek your assistance with the process.
5:47pm • #13
231,578 Points 8 Featured Posts Attended Rain Camp Called Shot Master
Great question and answer post. That is a great way to help potential buyer in their research. COngrats on the featured.
8:02pm • #14
291,825 Points 20 Featured Posts Outside Blog Called Shot Master

Sheila and Larry, this is very helpful information for people thinking about purchasing a LI condo/towhnouse/PUD.  Most of it is the same in CA.  Except, I don't understand why a potential buyer can't get a copy of rules until they're in contract.  You, the Realtors, can go through all the time and effort of negotiating a transaction successfully, and then find out that there is a rule that's objectionable?  I'm sure it doesn't happen often, but it seems backward to this CA Realtor.  Why not let the buyer see the rules first and save everyone--buyer, seller and Realtor-- the trouble?  I guess the answer is: 'That's the way they do it in LI'.
10:09pm • #15
235,659 Points 4 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Larry and Shelia,

This is a well done frequently asked list of condo questions.

Any first time condo buyer would find this blog helpful.

All the best for the rest of 2012!

 
10:10pm • #16
SEP
16
1,388,180 Points 27 Featured Posts Hit Router Called Shot Master

Great information about condo living Larry and Sheila.  These are questions very often asked by many who are not familiar with the condo lifestyle.
5:13am • #17
1,418,309 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Is almost like every question should be a whole post. .great job guys!
6:33am • #18
728,881 Points 15 Featured Posts Outside Blog Called Shot Master

Larry & Sheila, great answers to the many questions prospective Condo owners have before making the purchase. It's best to check with you first to make sure all their questions are answered.
6:39am • #19
419,495 Points 22 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

And, in Tulsa county, many condos are not Fannie Mae, Freddie Mac or FHA approved, so question that before you write an offer!
8:23am • #20

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Larry(Lawrence)& Sheila Agranoff,Realtor Long Island Homes & Condos~631-805-4400

Long Island Condo & Home Sales

Dix Hills, NY

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Charles Rutenberg Realty 255 Executive Dr,Plainview NY 11803

Address: Smithtown,St James,Dix Hills,Melville,North Hills,Manhasset,Ridge,Northport,Commack , Huntington,Bay Shore,Stony Brook,Jericho,Port Jeff,Syosset,Muttontown,Setauket, Plainview, NY, 11803

Cell Phone: (631) 805-4400

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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.


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