Pros and Cons When Buying A Condo

Trying to decide whether to buy a Condo or Single family dwelling?

Here are some helpful tips to ensure a knowledgeable decision is made.

Pro’s:
~ Exterior Maintenance is handled by the condominium association
~ Parking space is deeded to you in a secure location
~ No upkeep to worry about, vacation at your leisure
~ Often condos are conveniently located around office buildings, entertainment and shopping districts.

Con’s:
~ Home owner dues are hard to keep low as maintenance cost are rising.
~ Dues are counted as part of your debt to income ratio.
~ All decisions are made in association with your neighbors.
~ Elevators are noisy, there may be poor soundproofing with in the condominium association.
~ Condos provide less privacy than single family homes