Are you thinking about buying a condominium?
Condos are different than single family homes because they are part of a larger building or complex where you will share your walls with neighbors, and you will also have shared rights to areas in your complex like the club house, swimming pools, and common areas and someone else gets to maintain.
A condominium is usually the first option that most new home buyers choose because your mortgage payment for a condo will typically be less than what it would be for a single family home and what’s best of all is that your mortgage payment will not increase as it would if you were renting.
One important thing to consider before buying a condo is the fact that when you purchase a condominium you will have to pay monthly Home Owners Association (HOA) fees.
Your HOA fees will typically cover maintenance of the common areas including landscape maintenance and exterior upkeep of your property.
Why Buy A Condo?
Besides the obvious fact that condominiums are less expensive to own than single family homes, the reality is that condos are desirable especially if you’ve lived in apartments for a while and are used to having neighbors, or you don’t want to be burdened with the maintenance or other issues which might arise when you own a home.
Where to Buy a Condo?
Thanks to the booming economy and sparse land in Los Angeles and Orange County, condos have become ubiquitous these days.
Before buying a condo make sure you have developed a home search criteria which includes the following: bedrooms, bathrooms, square footage, location, amenities and school district.
Learn More about Condos in Southern California
To get started with searching for condos in Southern California contact Fred Sed Realty today for a free buyer consultation by calling us at 800-921-9231.