Condominiums are multi-family homes you can purchase and live in, and they are great for people who want to live in homes that are maintenance-free. If you are looking for a condo to buy, there are a lot of features to look for, but here are three that are very important to compare withcondos for sale as you begin your search.
Common Areas and Privacy
The first thing to consider is the amount of privacy you hope to have when living in a condo. Condos typically do not offer as much privacy as single-family homes, but some offer more privacy than others.
One way to compare the amount of privacy you will have is by looking at the common areas in the buildings and the entryways. When you view a condo, does it have its own private door outside, or do you have to enter into a common area to get to your door? This difference can affect the amount of privacy you have, and it's important to consider as you shop for a condo.
Extra Storage Space
Another difference you will find with condos relates to the amount and availability of storage space on the property. Do you have the need for extra storage space? If so, you might want to find a condo complex that offers storage for the residents. Some condos offer this, but there are others that do not offer any extra storage space. If the complex does offer storage space, find out if it is temperature-controlled or not, as this can also make a difference in your decision.
Cost of the Homeowner's Association Fees
One of the most important differences to evaluate is the cost of the homeowner's association (HOA) fees. Every condo you view will be part of an HOA, which means that you will be required to pay a monthly maintenance fee. This fee varies depending on the area, condition of the neighborhood, age, and types of amenities offered in the neighborhood. You should always find out how much this fee will be before purchasing a condo, simply because it will be an extra monthly expense you will have to pay for as long as you own the home.
Condos are ideal types of homes for people of all ages, but they are especially good for people who do not want to do any yard work at all. If you want to shop for a condo in your area, visit a local real estate agency to find out what condos are currently up for sale.