Please CLICK the above photos for details on these TWO NEWLY LISTED South Burlington Condos!
The allure of easy home ownership has many would be homebuyers asking themselves, “Is condo ownership right for me?” To help make that decision clearer we’ve created a Pro and Con list of Condo Ownership. As always we welcome your comments.
Pros
Location: Often condominiums are available in prime downtown locations.
Security: Close by neighbors makes for peace of mind when you need to head out of town for an extended period of time. Great for the second homeowner.
Low maintenance: Let someone else do the heavy lifting (i.e. mowing and shoveling). That means your free time is really your time!
Affordability: You can find a condo at any price point, but the lower range is often within the budget of many who would not find single-family homes affordable.
Amenities: Many condos have access to a swimming pool, gym or tennis courts adding value to the purchase price.
Condominium association: Condo associations enforce bylaws, handle maintenance and repair issues, and deal with disputes with developers or between unit owners.
Cons
Limited Ownership: You only own “the paint on the walls”…not the walls themselves. When you buy a condo, you do not own the land or the structure, rather you share an interest in it.
Fees: There are most often monthly fees which will continue for as long as you own the property, even when the mortgage has been paid off.
Resale: Condos are typically more sensitive to market trends than single-family homes. If the real estate market takes a downturn, they are usually the first to suffer and the last to recover.
Rules: Condo owners have to adhere to the rules that are put forth by the association regarding use of common areas and pet ownership etc.
Condominium association: Condo associations are made up of homeowners rather than professionals. This can mean the association may be weak and inefficient. Also, renovations and rentals are subject to approval from the condo association.
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Announcing our New Website
In Burlington, Burlington Area Real Estate Commentary, Burlington Area Real Estate Stats, New home listings in Burlington on June 3, 2013 at 2:23 pmNow you can search for property AND enjoy insider info on the Burlington area all on one site! www.conroyandcompany.com Finding the Home you want has never been easier! We’ve enhanced our search tools and added a our blog site. You’ll love our map search with the ability to customize your search for an area YOU define. Drill down through detail after detail to find your next home. Request a showing directly from your agent. See map & street views & look through the neighborhood snap shot to glance public area photos to learn more about neighborhoods you want to know about. This is ONE STOP shopping that allows you to gather all the details you want! We are so thrilled with the change and know you will love it too!
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