For some first-time buyers, it's the only choice.. You will also have a ten percent ownership in the entire property and the right to use the common areas.
especially for first-time homebuyers. condominium communities account for about 40 percent of the reported total of community associations. In New York City, most of today’s buyers prefer condominiums.
The condo, at 211 Elizabeth St., first went on the market in February for $6.99 million, as Gimme Shelter reported.
When debating owning a condo vs. a house, first-time homebuyers must consider both finances and the pros and cons of shared services and facilities.
The lodge attracted the likes of Marilyn Monroe, Elizabeth Taylor, Lucille Ball, Frank Sinatra and other stars seeking desert retreats, according to the real estate agents representing the condo and.
A detached house with a two-car garage and a backyard has long been the real estate dream of future buyers. But a burgeoning condo market means a wider variety of property options for homebuyers and the realization that a house doesn’t always have to be the goal. "We all grow up thinking that buying a house is the ideal," says Brian Elder, a Toronto-based real estate agent.
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Buying a condo, though cheaper, comes with its own costs – may be the only option for a first-time buyer. There may not be the same maintenance chores with a condo that come with owning a house, but that doesn’t mean there isn’t a cost.
Landscaping, snowplowing, repairing roofs-the time and money required to maintain a house can add up in a way that surprises first-time homeowners. Utility bills are higher in a single-family home than in a condo, too, since you’re responsible for more space. In condos, like apartments, residents outsource the heavy maintenance work.
First time home buyer? Should you buy a condo or house? This Ultimate Guide is for you if you’re buying your first home and want to know all the steps, ins and outs.
By: Joe Winkler Homeowners associations provide a structured set of standards that are in place to protect property values. As part of living in a well-organized.