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Questions to Ask about Condominiums

If you're looking into condominium sales in hopes of moving into one, you're probably aware already that this is a potentially life-changing decision. It's an important next step for many who decide they no longer wish to rent an apartment or lease their housing. Before you buy that attractive waterfront condo for sale, there are some vital questions you need to ask before you sign the dotted line.

  • How much money is in the reserve fund?
    The reserve fund is the money kept available for repairs and maintenance. As a general rule, the older the building, the more money should be in the fund. If the fund gets too low, you may face rising monthly fees.

  • What regular fees are assessed?
    Condos usually collect a monthly fee, called an assessment, from each unit to help with general upkeep. These can vary substantially, so make sure they will not pose a burden on you. But low fees can also cause problems because a luxury waterfront condo can fall into disrepair if there are no funds to maintain it.

  • Is the condo association run by the owners or an outside management company?
    Many condominiums are managed by the unit owners themselves. Others hire outsiders experienced in real estate management. Self-managed condos often have relatively low monthly fees, but they can run into problems when neighbors can't agree on housing regulations. If the condo is run by a professional management company, you should check their credentials.

  • What restrictions are in place?
    Because you will be sharing common elements, such as pools and laundry rooms, you need to check the rules and regulations governing these. Like apartment buildings, you may face restrictions on parking privileges and pet ownership, among other things. You may not be allowed to rent or lease your unit to others when and how you wish.
  • Community Associations Institute
    The leader in providing education and resources to the volunteer homeowners who govern community associations and the professionals who support them. Get valuable resources by joining our association today!
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    STANDARD LISTINGS:   CONDOMINIUMS-AND-TOWNHOUSES IN/NEAR WACO
    Crystal Springs Estates Write review for this local business
    229 Crystal Springs Ln, Shelby, NC 28150
    (704) 349-0461  
    Mason Square Condominium Owner Association Write review for this local business
    201 S Washington St, Shelby, NC 28150
    (704) 480-5974  
    Loray Mill Loft Apartments Write review for this local business
    1011 W 2nd Ave Ste A, Gastonia, NC 28052
    (704) 659-0029  
    Bella Vista Townhome Apartments Write review for this local business
    2442 Chartres Dr, Gastonia, NC 28056
    (704) 879-5428  
    The ARC of North Carolina Life Write review for this local business
    1070 Rolling Ranch Dr, Hickory, NC 28602
    (828) 322-5924  
    Catawba Mills Write review for this local business
    337 E Catawba St, Belmont, NC 28012
    (704) 825-4585  
    Hideaway Condos Pool Line Write review for this local business
    2135 Regatta Ln, Denver, NC 28037
    (704) 483-5391  
    Wynnshire Ridge Write review for this local business
    820 Wynnshire Dr, Hickory, NC 28601
    (828) 324-1629  
    Marquis at Northcross Write review for this local business
    8701 Pinnacle Cross Dr, Huntersville, NC 28078
    (704) 765-4073  
    The Apartments at Birkdale Village Write review for this local business
    16725 Birkdale Commons Pkwy, Huntersville, NC 28078
    (704) 997-9170  
    Carcon Corp Write review for this local business
    9005 Rosalyn Glen Rd, Cornelius, NC 28031
    (704) 896-6203  
    Park Medic Condo Association Write review for this local business
    9735 Kincey Ave, Huntersville, NC 28078
    (704) 875-6919  
    Hickorywood Hill Avenue Condominium Association In Write review for this local business
    10224 Hickorywood Hill Ave, Huntersville, NC 28078
    (704) 992-1390  
    Carocon Corp Write review for this local business
    8903 Rosalyn Glen Rd, Cornelius, NC 28031
    (704) 892-6692  
    High Meadow Condominiums Hoa Write review for this local business
    825 Farmhurst Dr, Charlotte, NC 28217
    (704) 525-8287  
    The Enclave at Rivergate Apartments Write review for this local business
    12400 Toscana Way, Charlotte, NC 28273
    (704) 274-2091  
    The Lofts On Main Write review for this local business
    12 S Main St, Granite Falls, NC 28630
    (828) 313-1200  
    Preserve at Steele Creek Write review for this local business
    10830 Morgan Creek Dr, Charlotte, NC 28273
    (704) 594-4176  
    InnovativeHome.com Write review for this local business
    Morningside Dr, Fort Mill, SC 29708
    (803) 493-9285  
    Brookstone in Rock Hill Write review for this local business
    1800 Marett Blvd, Rock Hill, SC 29732
    (803) 792-0424  
    Tower Place Condominium Owner's Association Inc Write review for this local business
    1701 1st Baxter Xing, Fort Mill, SC 29708
    (803) 396-0345  
    Condominiums Write review for this local business
    1315 East Blvd, Charlotte, NC 28203
    (704) 334-5225  
    Condominium Assoc Write review for this local business
    137 Professional Park Dr, Mooresville, NC 28117
    (704) 664-8903  
    Talbert Point Business Park Con Write review for this local business
    216 Overhill Dr, Mooresville, NC 28117
    (704) 663-0034  

    Condominiums are a great alternative to renting an apartment or townhouse because you will be the sole owner of the condo. Condominiums are basically apartments for sale or sometimes lease to own. Condominiums can have multiple bedrooms, be in high rise buildings downtown, and often times come with laundry facilities either in the condo itself or on the property. Newer luxury or contemporary condominiums sometimes come fully furnished and almost all of them have full kitchens.

    Condos often offer 24 hour security services for their residence so people can feel safe while they are at home or on vacation. Real estate agents play a very important role in condos for sale which is often different from when people lease property. Real estate agents will put listings online, in papers, and sometimes even magazines that appear in hotel lobbies. New condos are also featured in home magazines to show kitchen or bedroom styles and can also be featured in architecture magazines to debut new high rise designs.

    People who want to sell, do inspections, or appraisals on condominiums often need to be licensed by the state or county they work in and sometimes you need a realtor's license to sell a condo depending on the state you live in. Inspections and appraisals are often required or at least highly encouraged when buying a condo.

    Condominiums offer individuals and consumers various options for living and investing. They are a good alternative to renting or leasing because a person will own the property instead of paying monthly rent payments.



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