Condos or Townhome vs Single Family House

For the most, a house will be the single greatest purchase of their lifetime. This is particularly true in large cities where real-estate prices are much higher than rural areas. There is a significant amount of research, a well defined process, and necessary expertise to close real-estate transactions. But are there differences between single family home and townhouse / condo transactions?

Yes there is, and it’s more than just preference, but let’s start there.

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Pay Attention to the Fine Print – Chattels

Have you heard of horror stories that upon purchase of a new home, a couple may encounter that there are no appliances. Not just a microwave or toaster oven, but the fridge, range, washer and dryer, all gone?

It happens all the time.

You have to declare in the sale what items are included with the purchase, they are called chattels.

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Obvious Check Before Buying a Condo

Condo living can be good for the environment, requires less maintenance, and can increase security/community. Smaller spaces and sharing heat reduces your carbon footprint (assuming you pay attention to that kind of thing). You don’t have to vacuum common area carpets, shovel snow, or cut grass. The garbage is taken away down your chute, and your condo fees cover most of your utilities. You also have the benefit of living in close proximity to others for added security. Continue reading Obvious Check Before Buying a Condo