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The number of "one people" buying homes reaching the highest ever and actually overtaking the number of married buying a house, it would be interesting to know how many singles are buying homes.
...This raises some interesting questions - one of them, condos are a good investment? The second is, how seriously should Condo rules, according to which all condo residents to live, to be studied before deciding to buy?
Do first time buyers realize that when you buy a condo, they're also buying a unit that comes with a set of pre-made rules that must be adhered to. To align the rules with the lives of various ages, which probably have diverse lifestyles?
All condos have rules that are designed to ease the living for all those who live there. The problem lies in the question of 'whose simple life'? Early to bed / early to rise Trailblazers? Or eat late / sleep late liberals? It is advisable to check all the rules before you sign on the dotted line. Even small differences can be expanded into large problems.
So, if you get up every morning at 5:00 to stretch the music on your balcony before going on the golf course - check the rules allow for early risers to make 'reasonable noise'.
What is the dog owner who allows his dog to the balcony where you could loudly bark at cats, and you wake up? Another problem is the DIY guy who can repair and rebuild after it finishes in the office. Excellent!
Of course, some condo rules state that no repairs and maintenance can be done by anyone other than approved the agreement and it will solve the noise problem. (This rule is in place, because many of the repairs, or plumbing repairs, can affect other people properties .)
Another possible rule that could get in your way is not broken after 7.pm rule. However, often buyers will snap up an older apartment with a view to renovating it and making money - so that rules must be checked to ensure that self-adaptation will be allowed to
.Of course, there May be none of these rules in place, and You May be able to buy the old condo and change out the bathroom and kitchen and make money on it. If you plan on renting, make sure you are allowed to rent, it's not surprising that there is no clause in the lease rules.
Of course, there May be none of these rules in place, and You May be able to buy the old condo and change out the bathroom and kitchen and make money on it. If you plan on renting, make sure you are allowed to rent, it's not surprising that there is no clause in the lease rules.
...However, the special investment point of view, check out the area over which you have no control. One thing you do not have personal control over the flats is a public area. rugs, hallway and lobby areas, etc. are the responsibility of management.
You May not want to buy a condo where everyone has the right to leave the bikes and canoes in the corridors, or where rugs and decor in the common areas look shabby. This will discourage potential buyers when they re-sell.
Remember when you buy a condo, you have to pay monthly fees that are used to maintain - even if you are not there most of the time, make sure that they are affordable. And by the way, did you notice that the Phoenix, Arizona is listed as an area to pick up bargains at this point, you could live in this beautiful dry climate and never get joint pain or wheezing in the lungs, and I hear they have a lot of under $ 150,000!
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