Purchasing a new Pittsburgh residence involves many steps to complete and condos may be on your radar. Before you buy, keep in mind there are disadvantages to condominium ownership.
Pittsburgh Condominiums Disadvantages
Condominiums are simply a collection of units in a structure or structures. All property on the interior of the unit is yours with few limitations. Everything outside of the unit, however, is considered to be in the common areas and subject to administration by the homeowner’s association for condominium communities. As with association, this can lead to problems if you do not comply with the rules.
1. Parking is one of the biggest issues with condominiums. While this may sound petty, it becomes a big issue over time if a particular situation occurs. Most Pittsburgh condos come with assigned parking but if you have guest over you typically require more than just 2 parking spots. With most having visitor parking it is a first come, first serve basis. Over time, this situation can become extremely aggravating. With guests in the neighborhood, you may eventually find it difficult to getting parking!
2. Restrictions On Condominiums are all about uniformity. If you prefer to express your individuality, the rules of a condominium may drive you insane. Since people live close to each other in condos, there has to be a number of rules to keep the peace. Many condominium associations, however, seem to go overboard with rules and one can often feel like a prisoner. You may be restricted from having pets, particular types of material in your units, renting to others, making noise outside during certain times and so on. Before taking the plunge on a condominium unit, you absolutely must read the rules and regulations for the association.
3. Association Fees Homeowners associations need money to keep the gardening up and so on. As a unit owner, you are responsible for paying monthly homeowners association fees. Before taking the plunge, you need to make sure you understand the current fees. You should also look back in time to see how much the fee has risen over time. Paying an extra hundred bucks or so a month probably will not kill you, but what if the monthly fee is five hundred dollars?
The decision to purchase a condominium can be a complex one. Typically, older or retired couples move into them because they require little or no exterior maintenance. They need to downsize sell my house Pittsburgh and contact a we buy houses Pittsburgh company like Cash For Homes Pittsburgh to sell quickly for cash. . Make sure you understand what you are getting into before taking the plunge.