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Long Island Condo Buyers Have Questions

By
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?  

 

Buyers have some questions about Condo living, and we have been asked some of the following questions. We hope this will Long Island Condohelp you decide whether or not moivng to a condo would be the right lifestyle choice for you now.

 

1. Are There Rules To Be Followed?

Yes, upon buying a Condo, you will be given a Homeowner's Manual and/or By-Laws. On Long Island, many Condo communities do not allow you to see these rules before you are in contract.

2. Are There Monthly Fees Involved and Are Taxes Included? 

~ As a Condo owner, there are monthly fees you will have to pay. 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. Taxes are not included in the monthly charges.

3. 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.

4. 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.

5. Do Condos Have Garages? 

~ Some Condo communities have attached garages, some detached garages and some no garages. However, most communities have parking spaces, although some are not designated ones. 

6. 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. Some also have a size and breed limit.

7.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. 

8. 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.

9. 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.

10. 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.
 
11. Do All Condos Have Washer & Dryers? 
 
~ No, although many of them do have a washer and dryer within the Condo unit on The North Shore of Long Island, but check with Larry & Sheila when choosing a neighborhood.
 
12. Do Condos Have Central Air Conditioning? 
 
~ Not all, so ask when purchasing on The North Shore of Long Island.
 
13. 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.
 
 

14. 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 o Planned Unit Development.

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, call and work with Lawrence "Larry" And Sheila Agranoff, Licensed Real Estate Associate Broker and Licensed RE Salesperson.
 
Cell: 631-805-4400

 

 

This Long Island Real Estate Condo Buyer Frequently Asked Questions is courtesy of Lawrence & Sheila Agranoff, helping Buyers and Sellers on The North Shore of Long Island.

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This advertisement does not suggest that the broker has listing or transaction or that any property is currently available.

We do not have management information.

If your home or condo is listed with another broker, this is not a solicitation of the property.

Posted by

                                                    Sheila & Larry Agranoff

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                                                                Cell: 631-805-4400
                                                             We Welcome Your Call
 
 
 
Lawrence "Larry" & Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, we have proven to be more knowledgeable & experienced, above and beyond the average requirements. Being part of the network referred to as REALTORS®, you can be sure we will cater to your Real Estate needs with superior professional practices.
 
If your home is listed with another broker, this is not a solicitation of property. This does not suggest broker has property currently available. Reproduction of text/images contained herein without the express written consent of the authors is strictly prohibited. Sale May Be Subject To Term & Conditions of An Offering Plan. Disclaimer: While information is believed to be accurate it's represented subject to errors, omissions, changes or reliance on information & must be verified by prospective consumer. The authors disclaim liability for any damages/losses, direct or indirect resulting from anything contained herein or the accuracy of comments or opinions of visitors.​©2008-2023.
 
 
 
 
 
 

 

Comments(11)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Sheila and Larry. Great, easy to understand explanation of how condos work.

Jul 09, 2018 04:03 AM
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us, great information for condo buyers.

Have a great day.

07/09/2018. 

Jul 09, 2018 05:23 AM
Robert J. Russell
Robert J Russell Companies - Dallas, TX
IRES, ICREA, REBS, GMA, LAS, LUTCF

Great info on Condo's - want to post this on our Facebook Group?

Jul 09, 2018 05:34 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Larry and Sheila.  All too often condo buyers don't know which questions to ask.  This is why they should call you right from the start.

Jul 09, 2018 05:40 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Larry and Sheila, this is an excellent post. Very informative and something any buyer considering purchasing a condo should read. 

Jul 09, 2018 05:43 AM
Roy Kelley
Retired - Gaithersburg, MD

Prospective condo buyers will be in very good hands when they use your professional real estate services.

Jul 09, 2018 05:51 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I love the lay out of your q and a. Have a good Monday Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 

Jul 09, 2018 05:55 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for condo buyers in your area. Thank you for sharing.

Jul 09, 2018 06:46 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your knowledge of condos in your area is extremely beneficial for prospective buyers!

Jul 09, 2018 10:11 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hello Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, this would be a great help to those who are considering a condo living.

Jul 09, 2018 04:18 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Great list !  People who are moving from single family homes OR buying a condo for a first home need to be educated...no better teachers in Long Island than Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 

Jul 10, 2018 05:09 AM