Buyers and sellers of real estate have different needs and wants. Buyers may require smaller premises, buying their first home or moving to an over fifty five community. Investors may be taking profits or become landlords. Sellers needs also vary. Some want to mitigate loses by selling the property through a short sale. Other possible reasons include the decision to purchase a larger house or moving for employment or other reasons. Buying or selling condos & townhomes may be a topic of interest.
Condominiums are buildings with individually owned units and have jointly owned shared common spaces by all the individual owners. Depending on their location, townhomes have other name descriptions including row houses, linked homes, terraced and attached houses. They can be defined as a row of identical houses with shared wall.
Condominiums have a shared entrance. They may be one level or a high rise with elevators or lifts. Many have a security system with an intercom and on-site security guards and caretakers. Parking may be underground, assigned or unassigned. Many have party rooms. Other shared amenities may include swimming pools, exercise rooms and tennis courts. Laundry facilities are often shared.
Attached homes normally have two or three floors. These houses have there own entrances and may have an exterior deck or patio. Some have one or two attached garages or assigned parking spaces in front of the home. Due to the attached nature many side walls are windowless.
Homeowner associations are common to both attached home and condominium communities. They may be administered by an elected board of homeowners from the community or a specialized management company . They are responsible for ensuring full compliance by all owners with stated rules and regulations. Association fees due at regular intervals are used to provide landscaping maintenance, snow removal, swimming pool and fitness center services, water and sewer and the disposing of trash. Central heating systems and air condition services can also be covered.
Making sure the homeowner association is well funded are important considerations. An underfunded association can raise the fees paid by existing owners. All dues, what they cover and any special assessments should be understood. Any concerns about the community can be identified by asking owners and reading the association's recent minutes from meetings. Policies on renters, pets and parking should be checked. The fifty five plus communities have similar associations with rules and regulations. These communities have a more socially based focus.
For sellers, good talking points include emphasis on the smaller and less expensive nature compared to detached homes. Targeted buyers may include those wanting to downsize and first time buyers with limited budgets. Pool and exercise amenities and relatively low maintenance are also selling points.
For those interested in buying or selling condos & townhomes, there is a lot to consider. The positives include less maintenance for the homeowner including less lawn care, the many attractive social amenities and more affordable prices of these types of homes. A key concern that should always be addressed is the health of the relevant association. If problems exist there are possible consequences for homeowners living in the community
Condominiums are buildings with individually owned units and have jointly owned shared common spaces by all the individual owners. Depending on their location, townhomes have other name descriptions including row houses, linked homes, terraced and attached houses. They can be defined as a row of identical houses with shared wall.
Condominiums have a shared entrance. They may be one level or a high rise with elevators or lifts. Many have a security system with an intercom and on-site security guards and caretakers. Parking may be underground, assigned or unassigned. Many have party rooms. Other shared amenities may include swimming pools, exercise rooms and tennis courts. Laundry facilities are often shared.
Attached homes normally have two or three floors. These houses have there own entrances and may have an exterior deck or patio. Some have one or two attached garages or assigned parking spaces in front of the home. Due to the attached nature many side walls are windowless.
Homeowner associations are common to both attached home and condominium communities. They may be administered by an elected board of homeowners from the community or a specialized management company . They are responsible for ensuring full compliance by all owners with stated rules and regulations. Association fees due at regular intervals are used to provide landscaping maintenance, snow removal, swimming pool and fitness center services, water and sewer and the disposing of trash. Central heating systems and air condition services can also be covered.
Making sure the homeowner association is well funded are important considerations. An underfunded association can raise the fees paid by existing owners. All dues, what they cover and any special assessments should be understood. Any concerns about the community can be identified by asking owners and reading the association's recent minutes from meetings. Policies on renters, pets and parking should be checked. The fifty five plus communities have similar associations with rules and regulations. These communities have a more socially based focus.
For sellers, good talking points include emphasis on the smaller and less expensive nature compared to detached homes. Targeted buyers may include those wanting to downsize and first time buyers with limited budgets. Pool and exercise amenities and relatively low maintenance are also selling points.
For those interested in buying or selling condos & townhomes, there is a lot to consider. The positives include less maintenance for the homeowner including less lawn care, the many attractive social amenities and more affordable prices of these types of homes. A key concern that should always be addressed is the health of the relevant association. If problems exist there are possible consequences for homeowners living in the community
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For more information from Jasper Brinks we recommend you visit his Homes For Sale Logan Utah website where you can view all Utah Homes.
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