Should you buy a Sherman Oaks, Ca condo or a townhome for sale?
Let us compare a condominium and a townhome. According to Realtor.com, "townhouses are defined as single-family dwellings with at least two floors that share a wall with another house". In the Sherman Oaks, Ca area- most people would expect for a townhome to be a multi-level unit that has a private, attached garage for parking and/or storage. Condos typically have detached parking spots that are assigned to the unit, inside of a subterranean garage, parking lot, or carport.
Are Sherman Oaks condominium and townhome units attached or detached? A townhouse usually shares attached walls with neighbors on either side, however there are no units located above or below you. Condos may be one-story with other units above, below, and at the sides.
Is a condo in Sherman Oaks, Ca less expensive to buy than a townhome? In general, the list price on a condo is less than a townhouse. When there is an attached garage with direct access from the unit which is usually how the townhouse is set up- there is a value that is added to the property for the private garage parking. However, the possibility exists that there is a larger-sized condominium that will be listed for sale at a higher price because of the square footage.
Condo and townhome units will always be a part of a Homeowners Association, or HOA. The monthly HOA fee is the reason why some home buyers may decide to look at single family homes for sale in Sherman Oaks instead. Homeowners association fees are usually in the range of $300 to $700 per month. There are good reasons for HOAs. Can you imagine a condo or townhome community without a Homeowners Association when the building needs a new roof? How many of the unit owners do you think would voluntarily pay for a major roof repair? Most HOAs hire professional property management companies. Their job includes managing the community's maintenance, common areas or amenities, landscaping, accounting, enforcing rules and regulations, insurance, and utilities (most common included with HOA fee is water). Some of my clients appreciate the HOA because it means that there is less maintenance which they are personally responsible for. Home buyers may not realize the expenses attached to owning a single family home: plumbing, electrical, roof maintenance and repairs, landscaping maintenance, insurance, gas, water, electrical, cable, and internet bills. Imagine enjoying summertime at the community pool without having to think about the maintenance? How about security? If your unit is located inside of a building with a secured entrance, or within a gated community - there is safety.
Location, location, location. Sherman Oaks, Ca is part of the San Fernando Valley with easy access to the 101 and 405 freeways. Driving to the "westside" or Los Angeles city is convenient via the Canyons. Sherman Oaks has a selection of shopping and dining along Ventura Blvd, the Sherman Oaks Galleria, and Westfield Sherman Oaks Fashion Square. Highly-rated neighborhood schools in Sherman Oaks include Kester Avenue Elementary, Dixie Canyon Elementary, The Buckley School, and Norte Dame High School.
When you are searching listings for Sherman Oaks, Ca townhomes for sale, it is common to come across a listing that is a townhome, but the property type has been specified as a condominium. The opposite can be true too. A condominium that is listed for sale as a townhouse.
For professional real estate advice and guidance when you are considering buying a condo or townhome in Sherman Oaks, feel free to contact Sara Mehrpouyan- local Sherman Oaks Real Estate Agent, who specializes in condos and townhomes for sale.
Do you need to sell your Sherman Oaks, Ca townhome or condo? Are you interested in buying Sherman Oaks Real Estate? Call Sara Mehrpouyan, Realtor @818-903-2040 for a home value consultation.