MARCH 2010
State and National News:
- Short Sale Incentives start April 5th Read more….
- New Foreclosure Prevention Plan Announced Read more…
- Experts says Real Estate is Recovering Read more…
- Financial help for homeowners with defective drywall Read more…
- Government unveils plan to shrink some home loans Read more…
- Health Care Reform Bill passes Read more…
- Investors are buying houses again Read more…
Taxes and Insurance:
- Redrawn FEMA maps Read more…
Cape Coral and SW Florida News:
- Cape Coral Sewer summit Read more…
- Cape Coral Realtors strive Read more…
- Celebrate New Bedford day Read more…
- Development excites Cape Coral Read more…
Real Estate Tips:
- Get your house ready for Spring Read more…
- Landscape Design Courses Read more…
- Bathroom Storage ideas Read more…
- How to hang artwork Read more…
Green News:
- Cape Coral plans to cut consumption Read more…
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Check out my new website at
www.CapeDeb.com
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The Pros and Cons of Condos…….
Condominiums and townhouses offer an affordable option to single-family homes in most areas. But consider these facts before you buy.
- Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings.
- Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit. However, if you hate yard work, this may be the perfect option for you.
- Amenities. Many condo properties have swimming pools, fitness centers, and other facilities that would be very expensive in a single-family home.
- Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit, and let in workers when you’re not home.
- Security. Many condos have keyed entries and or even door attendants. Plus, you’ll be closer to other people in case of an emergency.
- Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees agreed to by the condo board, whether or not you’re interested in the amenity or not.
- Resale. The ease of selling your unit is more dependent on what else is for sale in your building, since units are usually fairly similar. Single-family homes usually are more individual.
- Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets. Read the covenants, restrictions, and bylaws of the condo carefully before you make an offer.
- Proximity. You’re much closer to your neighbors in a condo or townhome. If possible, try to meet your closest prospective neighbors before making a decision.
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved. www.REALTOR.org/realtormag
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