Facts about Condos

Facts about Condos

Condominiums and townhouses are a great and affordable option to a single-family home in most areas. But here are some facts to consider before you buy.

1. Amenities. Many condo properties provide fitness centers, swimming pools, and other facilities. It would be very expensive in a single-family home to buy all these amenities.

2. Maintenance. Many condos have onsite maintenance personnel to fix repairs needed in your unit and to upkeep the common areas. However, they can let workers inside your unit when you’re not home.

3. Security. Many condos take some efforts to make sure that the area is secure. Some have gated communities, keyed entries and or even door attendants. Also, in case of an emergency people are closer around you.

4. Storage. Some condos have storage lockers, but there are no attics or basements, like a single-family home, to store belongings.

5. Outdoor space. You don’t need a lawnmower when you own a condo. However, if love to entertain outdoors or garden, yards and outdoor areas are usually smaller in condos so this may not be suitable for your needs

6. Association fees. Fees are used to help pay for amenities and offer savings for future repairs agreed to by the condo board. You will have to pay these fees whether or not you are interested in using an amenity.

7. Neighbors. You proximity is much closer to your neighbors in a condo or townhome. Try and see how the “sound proofing” is and try to meet your closest prospective neighbors if possible before making a decision.

8. Resale. Since units are usually fairly similar when selling your unit, it is more dependent on what else is for sale in your building. Single-family homes are usually are more individual.

9. Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit pets while others prohibit home-based businesses. Before you make an offer, make you’re your read the covenants, restrictions, and bylaws of the condo carefully.

If you have any questions about Condos or would like more Vancouver Washington Real Estate information, please contact us at 360-256-4980 or email us at 4RitaScott@comcast.net.