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Cozy Nooks: Creating a Secret Outdoor Place
Everyone seems to love a secret -- and when the secret is a nook in your outdoor space, all the better. A nook is defined as a private or secluded quiet inner place. Any outside space, from a balcony to an acre estate can benefit from including a...
Indiana Real Estate – Racing, Amateur Sports And College Football
Indiana is the home to a proud tradition of racing with the Indianapolis Motor Speedway. Indiana real estate prices are very reasonable, particularly for first time homebuyers.
Indiana
Considered a crossroads state, Indiana is hub of activity...
Maine Real Estate – The Pine Tree State
While a vast majority of Maine is forested, the beautiful shoreline dominates the state. Maine real estate prices, however, are surprisingly reasonable.
Maine
Maine is one of the more beautiful states in the country. Travel inland and you will...
Real Estate Marketing Online -- Search Engine Tips For Agents
Spend some time in a real estate marketing forum online, and you'll soon discover that search engines top the list of hot topics.
Every agent wants his or her website to rank high in the search engines, and rightfully so. But with so much...
Real Estate Terms – From Condominiums To Deeds Of Trust
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with "condominium."
1) Condominium - A type of ownership in real...
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Condominiums – Disadvantages Of Ownership
Purchasing a new residence involves many issues and condos may be on your radar. Before you buy, keep in mind there are disadvantages to condominium ownership.
Condominiums – Disadvantages
Condominiums are simply a collection of units in a structure or structures. All property on the interior of the unit is yours with few limitations. Everything outside of the unit, however, is considered to be in the common areas and subject to administration by the homeowners association for condominium communities. As with any bureaucracy, this can lead to problems.
1. Parking – One of the biggest pet peeves with condominiums is parking. While this may sound petty, it becomes a big issue over time if a particular situation occurs. One would think a condominium comes with assigned parking. In many developments, however, this simply isn’t the case. Instead, parking is on a first come, first serve basis. Over time, this situation can become extremely aggravating. With guests in the neighborhood, you may eventually find it difficult to getting parking!
2. Restriction – Condominiums are all about uniformity. If you prefer to express your individuality, the rules of a condominium may drive you insane. Since people live close to each other in condos, there has to be a number of rules to keep the peace. Many condominium associations, however, seem to go overboard with rules and one can often feel like a prisoner. You may be restricted from having pets, particular types of material
in your units, renting to others, making noise outside during certain times and so on. Before taking the plunge on a condominium unit, you absolutely must read the rules and regulations for the association.
3. Association Fees – Homeowners’ associations need money to keep the gardening up and so on. As a unit owner, you are responsible for paying monthly homeowners’ association fees. Before taking the plunge, you need to make sure you understand the current fees. You should also look back in time to see how much the fee has risen over time. Paying an extra hundred bucks or so a month probably will not kill you, but what if the monthly fee is five hundred dollars?
The decision to purchase a condominium can be a complex one. While there are distinct advantages, the devil is in the details. Make sure you understand what you are getting into before taking the plunge.
About the Author: Raynor James is with the FSBO site - http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our home buying page - http://www.fsboamerica.org/buyer.cfm - to view and buy homes, houses, condos, land and real estate.
Source: www.isnare.com
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