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Buyers: Is a Condo a Good Fit for You?
When you are looking for a home, do you picture yourself in a single family home with a fenced yard? Or do you picture yourself in a high-rise or townhome where you can leave on a work trip and not need to worry about what the lawn might look like when you return? What stage of life are you currently in?
There are many reasons that you might want to consider condo living. If you are single or married to your work, you travel a lot, or you just really hate to mow your lawn or shovel snow....you might be a great person to buy a condo. Or if your kids are grown or you are looking to downsize to a smaller home, a condo could be a great fit. Especially if there are no steps and a smaller condo affords you to be able to spend your winters somewhere warmer. So what do you need to consider when you are deciding between a home or a condo?
Here are 5 things to ask:
1. What are the association dues and what is covered? Have the dues increased recently or are they expected to increase?
2. What are the financials of the association? Is ... more
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