Our First Time Home Buyers are beginning to take advantage of another excellent option for home ownership....the Condo!
This can be an excellent opportunity for although many want to take advantage of becoming a homeowner during this Buyers Market of low prices, low interest rates and the First Time Home Buyer Tax Credit, they do not necessarily want all the corresponding work that comes along with it.....primarily yard work and exterior maintenance.
Yes, more and more First Time Home Buyers are noticing that a condo can be a great fit for them and are no longer thinking of them as the retirement communities of days gone past.
Determining whether or not a condo is for you will be determined by specifying clearly what your wants and needs are. You will also be required to abide by associations rule and /or by-laws so be sure to talk to your Realtor and have a very clear understanding of what these are and what they entail.
Condo associations have “association fees” which will vary both on what they cost and cover. Most often this fee will cover trash, lawn and yard care, water, sewer, snow removal and insurance. You may also find that electric, cable and or gas could also be included among other things. If your association offers any amenities such as a fitness center, club house, pool etc...the care of these facilities are also taken care of with the association fee. It is important for Buyers to learn exactly what this fee will cover before they decide to move forward on a purchase.
So.......You want to become a homeowner but don’t want the all the expense and up keep that comes along with it?? Then you may want to consider a condo as this could be a really great fit for you!
-If you are looking for a condo in the Jenison, Hudsonville or Grandville MI Areas, including the Greater Grand Rapids MI Area and could use some assistance, please give me a call for I’m always happy to help.
Comments(2)