Introduction On Buying A Condos

1. Introduction On Buying A Condos Brought to you by: www.robinsonscondoforsale.com

2. Introduction On Buying A Condos When you're looking to buy a home, there are plenty of choices available. One of them is a condominium. As you may already know, a condominium is a large property complex that is divided and sold in individual units. Compared to a single-family dwelling, ownership in a condominium includes partial ownership in shared "common property". This presents unique challenges for condominium buyers. www.robinsonscondoforsale.com

3. Introduction On Buying A Condos If you're considering buying a condo, read on to learn a little more about this type of property and what ownership entails. Many condos are especially popular in places with high property values - vacation hotspots and urban settings are both places where you can expect to find them on the market. This is largely because buying a single-family home can be prohibitively expensive in places where additional building space may be scarce. As such, condos can open home ownership to whole new groups of people. www.robinsonscondoforsale.com

4. Introduction On Buying A Condos Therefore, if you're ready to own your own home, but can't quite afford a house, a condominium could be a way for you to get into the market. It's not just the sales contract that you have to think about when you're buying a condo; condos also have an agreement, or declaration, that dictates the way the condominium operates and is governed. Before buying your condo, you should request and read the documents that apply to the management of the complex. What are the hot issues for this complex? www.robinsonscondoforsale.com

5. Introduction On Buying A Condos How big is the condominium's reserve fund? How does management deal with owners' requests and complaints? Does the condominium impose strict rules and guidelines on owners that you would be unhappy with? It's also a question that comes up for anyone who’s looking to buy a house, especially in an urban area: Should I buy a condo instead? For those who don't know, a condominium is like a hybrid between an apartment and a house. www.robinsonscondoforsale.com

6. Introduction On Buying A Condos Like a house, you buy a condo and own it outright. But some elements of condo living are similar to apartment living. For starters, many condos are adjacent to others, so owners often share a wall and live in close proximity. And if you live in a high-rise building, your condo may be located above or below someone else’s. Condominiums have bylaws that govern residents and make sure everyone is happy. www.robinsonscondoforsale.com

7. Introduction On Buying A Condos These bylaws, also known as "covenants, conditions and restrictions" (CCR), are a legally binding document that you'll have the chance to look over before you buy your condo. In the CCRs you'll find information about fees, parking, pets and any other rules you will need to know, the most important parts of the CCR to pay attention to are the complex's operating budget, subleasing and remodeling restrictions. If you don't feel qualified to judge the CCR by yourself, it's probably a good idea to take it to a lawyer or your real estate agent. While getting an expert opinion may cost a little more in the short run, it could save a bundle down the road. www.robinsonscondoforsale.com

8. Introduction On Buying A Condos There is a lot more information on our condos for sale on my website. Be sure to check it out today. www.robinsonscondoforsale.com

9. Introduction On Buying A Condos Brought to you by: www.robinsonscondoforsale.com