Pros and cons of buying a condoLet's explore the pros and cons of buying a condo. If you are thinking of buying a condo it is usually for two reasons.
Many people want a condo because there is no maintenance. They don't have to cut the grass, or shovel the snow. Which takes time. The average person probably spends an hour or two each week taking care of the landscaping. Then add on cleaning gutters, painting and all the other things. It is nice not to have to worry about all of that when going on vacation, or when you have other plans on the weekend. The con of no maintenance is that you have a monthly fee. A fee you can't control. If you own your own home your costs most likely would be lower. You would not do some of the things a condo complex does. Usually you can buy a condo for less money than you can buy a similar size house. Which is good, but.... In Michigan homes appreciate better than condos. If you own a condo and a house that you bought at the same price, in the long run the house will be worth more than the condo. This is in Michigan. In other states like Florida it is different. But in Michigan you will get a better return on your investment when you buy a house. So here are some different things to think about when buying a condo. I think a condo makes sense for seniors, for young active people that have hectic schedules ( who don't want to spend the weekend working on landscaping). I think a condo makes sense for a single woman. There are more pros and cons of buying a condo but I just wanted to give you the two most important ones. Search Michigan condo listings http://www.detroitmichiganrealestatehomes.com/005270 Posted on Mar 11, 2010 @ 6:22 am by russ.ravary - View Profile
 russ.ravary  1 feedback »
Comment from: townhomes_buyer [Visitor] The homeownership rate in the U.S. is nearly 69 percent -- indicating that homeownership is within reach for more Americans than ever before. In fact, it can be as affordable as renting, and in some regions of the United States, it can be more affordable. The following are some of the advantages of owning a home rather than renting. You can build equity; this means your wealth will increase as you gain more home equity. You can gain tax advantages, because mortgage interest is tax deductable. A home provides a permanent place where your family can live and grow, and you can decorate or expand a house the way you like to create your dream home. If interested in buying a home, check out Aqua Isles, a luxury townhome community in Dania Beach, Florida. Aqua Isles is one of the three great communities on offer by Quantum, a luxury townhome developer in South Florida. For more information call (954) 966-5656 or visit the website at www.homesbyquantum.com.  Permalink Mar 22, 2010 @ 12:00 pmComment on this article This post has no feedback awaiting moderation... |
