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what to look for when buying a condo

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Five traps to avoid when buying a condo. Open this photo in gallery: Dining room and kitchen, condo.. Aggressive growth investors looking to buy and sell under three years of ownership could.

Finding out the rental system is a critical question to ask when buying a condo for a couple of reasons. A high number of renters within the complex can have a few adverse effects. Condo’s that are not used as the primary residence of the homeowner often are more likely to default on a loan than an owner-occupied residence.

Buying a condo is not the same as buying a house. This can be an attractive feature to older folks who are looking for less of a home to physically manage. Condos can also be an attractive choice.

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Are you looking at buying a condo as an investment? If so, how do you know if a condo is a good investment? There are several calculations you can go through, and questions to address, to determine the answer.

condo rental costs have stagnated at a high price. This trend makes buying that much more alluring. While this is in no way a call to disregard renting, we do suggest taking a look at helpful rent vs.

Buying a condo is no small affair. There are many important aspects to consider that you don’t have to worry about with single family homes. This is why it’s important to go into the process knowing what to look for, and what to ask.

One of the best tips for buying a condo is understanding the financial strength of the neighborhood! The association is in charge of keeping things together in your community. It needs to make sure buildings are in good repair, that the grounds are maintained, and that members uphold their end of the bargain.

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Before you jump into buying a condo, there’s 10 questions you should know the answer to: 1. How much are the monthly condo fees and what does it go towards?

Beware of Investing in Condos, Townhomes & Single Family Houses in Associations 4 Things to Consider Before Buying a las vegas condo.. You should inspect the common areas in any development you’re considering purchasing a condo in. Visit the pools. Look closely at any surrounding walls and landscaping. If things are in bad shape, you should reconsider.