Have you ever lived in a condominium unit? Condos tend to be especially popular in spots with high property values, like big cities or popular vacation destinations. A condominium, or condo, is a building or community of buildings in which units are owned by individuals, rather than a landlord. Senior condominium living can offer some pretty wonderful benefits for both seniors and their families.
Condos are managed by a Homeowners’ Association (HOA) and there are HOA fees for living in a condo, meaning that rent will include both the utilities and the fees for the upkeep of common areas. However, when renting an apartment, you would have no HOA fees and utilities will not be included in the rent.
Basically the ownership agreement is handed over to the buyer of each and every unit of any condo. It indicates the standing of common elements fees and reserve fund assessments against the unit, whether they are up to date, paid in advance or in arrears. The Condo Guy sales team and Today’s Homes of Vermont real estate professionals are proud to present the newest innovations in online real estate marketing services to assist you when it comes time to buy or sell a home or condominium.
The lower prices on condos also means you can get into them easier because less financial lifting is required on your part. This has drawn Thai and International businesses to the area, driving up the demand for high quality accommodation, and subsequently fueling the property development and real estate prices.
The maintenance of the exterior of the unit, surrounding grounds, pool and so on are held by the community. A condo, which is short for condominium,â€ is a private residence within a larger building or community, while an apartment is a leased residence within a larger building or community.