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

Real Estate Agent with The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

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:

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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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone looking to buy a condo in Long Island should call you . You are the experts.

Sep 14, 2012 09:30 PM #1
Toni Weidman
Sailwinds Realty - Trinity, FL
26 Years Selling Homes in New Port Richey, FL

This is a great condo explaination, Larry and Sheila. Everything anyone needs to know about Long Island condos. Suggested.

Sep 14, 2012 09:35 PM #2
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

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.

Sep 14, 2012 09:37 PM #3
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

In the inimitable words of Carly Simon........"nobody does it better!"

Sep 14, 2012 09:53 PM #4
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Very good information for prospective purchasers.

Have a very special weekend with your camera in hand.

Sep 14, 2012 11:58 PM #5
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

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

Sep 14, 2012 11:59 PM #6
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Larry & Sheila, there are more rules with multi-family properties, and great post identifying these for potential buyers!

Sep 15, 2012 12:05 AM #7
Patricia Feager
Selling Homes Changing Lives

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!

Sep 15, 2012 03:04 AM #8
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

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.

Sep 15, 2012 04:11 AM #9
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

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

Sep 15, 2012 04:43 AM #10
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Larry/Sheila, you did a wonderful job here answering a great deal of buyer questions for the Long Island market.  Have a wonderful weekend. 

Sep 15, 2012 05:17 AM #11
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

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".

Sep 15, 2012 07:30 AM #12
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Larry and Sheila these are valid concerns when buying a condo.  A condo buyer would be wise to seek your assistance with the process.

Sep 15, 2012 10:47 AM #13
Mike Yeo
3:16 team REALTY - Frisco, TX
Great question and answer post. That is a great way to help potential buyer in their research. COngrats on the featured.
Sep 15, 2012 01:02 PM #14
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

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'.

Sep 15, 2012 03:09 PM #15
What Not To Renovate - Milan B.
Palm Coast, FL
We provide tips & trends on home renos & designs

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!


Sep 15, 2012 03:10 PM #16
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great information about condo living Larry and Sheila.  These are questions very often asked by many who are not familiar with the condo lifestyle.

Sep 15, 2012 10:13 PM #17
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Is almost like every question should be a whole post. .great job guys!

Sep 15, 2012 11:33 PM #18
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

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.

Sep 15, 2012 11:39 PM #19
Lori Cain
eXp Realty - Tulsa, OK
Midtown Tulsa Real Estate Top Producer

And, in Tulsa county, many condos are not Fannie Mae, Freddie Mac or FHA approved, so question that before you write an offer!

Sep 16, 2012 01:23 AM #20
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