Skip to main content

All you Need to Consider before Buying a Condo


Condominium can be the most practical choice of living for singles, couples, and families. They are quite inexpensive to purchase than houses and townhouses. They offer you amenities at very less rates.  Now-a-days markets are flooded with condos of different types. You can buy the most charming one available at affordable rates.

Here are some of things you need to think about before buying a condo.

You don’t own land

You need to know the reality that you don’t own the land completely. Condo is a building that consists of various apartments. Each apartment is individually owned. The owner of each apartment contributes to the cost and maintains the exterior as well as common areas and amenities. 

Does it offer convenience?

If you want to enjoy condo living, firstly make sure that it offers amenities that you may not be able to afford if purchasing a townhouse or a stand-alone house. You must be able to have an access to the facility of pool, fitness centre; play areas, nearby shopping centers, 24 hours security personnel, and the opportunity to enjoy other amenities.

What’s the cost of buying condos?

Before buying always calculate the cost of living in a Condo. It is cheaper than townhouses and stand-alone houses. The obvious reason is that many condos are built on a single piece of land. However, in future condos may become very difficult to sell if the condominium community association is difficult to deal with or the association fees mounts too high.

How is the social network?
Condos can be the most practical and cost-effective decision of living. Before buying the one, know well about the proximity to your neighbors and ensure of the area offers greater opportunities to meet new people.  If it offers close proximity with the neighbors, you are likely to have less privacy. But you will surely enjoy a cordial and friendly environment.

For buying Condominium, get in touch with a reputable and licensed real estate agent. You can search for them online or in local directories. Check their track record and reputation. You can also read their reviews online on the third party sites before you make up your mind. Since you have to pay taxes, so don’t forget to check the condition of the unit carefully.

We, at Southern Utah Realty are your trusted real estate agents for St George Utah Condominiums. Contact us for more details on the area and get the latest property listing. We will be happy to assist you in any manner.



Comments

Popular posts from this blog

Glossary for home buyers and sellers

As a novice, you will come across various terms in the real estate industry, which you are not very well acquainted with. These situations sometimes create problems for home buyers and sellers because these can lead to various troubles like that of miscommunication, wrong interpretation etc. Below mentioned are certain common terms used in the real estate market. Go through this glossary in order to avoid problems from occurring when house buying or selling through an agency: Agent : An agent is a person who is also know as the broker. He/she is responsible for representing you as buyers and sellers. Appointment : It is that time when your agent will take you for property visits and other meetings for the benefit of your home buying and selling project. Back on the market or BOM : This term is used when a property which was previously removed from the list is placed back for sale purposes. Back up agent : This agent will help you with your project when your actual agent is u

Tips for profitable rental real estate investments

Renting a property for either commercial or residential use can be great money making business. Rental properties usually have become lifetime source of income for owners who offer their properties for rent to people who don’t have their home or can’t afford to buy own. Today most of individuals multiplies their money by earning through own business or job and side by side gaining through rental business. But unfortunately, in most of cases people fail to earn expected sum of money which they have imagined while buying the property for rental use. There can be several reasons behind this that may include lack of proper planning or not analyzing the estate thoroughly. To make lucrative gains in rental real estate investments consider following few points: ·         Check the locality: Make sure when you search a real estate for rental use, the location must be residential. There should be easy availability of every specific need of an individual.   School, college, shopping

Real Estate Investing Tips for Starters

Are you a novice planning to make real estate investment? If the answer resounds yes, then you should consider significant areas before locking on a particular property. Although the real estate market has plenty of opportunities for making big gains but it is a bit more complicated than investing in stocks and bonds. One wrong move and you end up losing your hard earned money. Let us have a detailed look at some of the beginners’ basics which you should know from the get-go of your investment careers. Location Location of the property is a chief parameter. It determines the rental amount you shall receive from your tenants. Look at the proximity to transportation, universities and colleges, major business centers and local restaurants. Remember, the more central the location, the greater is the demand. Property taxes These costs tend to increase your budget. Make a proper assessment of the taxes and the market value to determine if they are high and find out the reasons thereon.