Im a single mother of two. Im looking to buy a home one day but cant decide on a condo, townhouse, or a home. Im very busy and active and i do not like to do any type of maintenance or cut grass b/c im so busy and im not mechanically inclined! Ive heard buying a condo or townhouse is great b/c you pay a monthly fee and you dont have to worry about fixing anything or gardening. I know of some really nice condos that are close to a park and school in a quiet area.
Urban Life: 85013 - What's happening with real estate in this ::
Nov 21, 2008 The 85013 zip code includes diverse home styles ranging from sweet historics to sweeping ranch style homes as well as condos and townhouses.
http://www.urbanlifeblog.com/2008/11/85013-whats-happening-with-real-estate-in-this-downtown-phoenix-zip-code.htmlHOME |
Can you please tell me what i should be looking for when buying? What are the downfalls to buying a condo/townhouse vs a home? Also, do you still have to pay property taxes on a condo or townhouse? If so, are taxes cheaper? how can i protect myself from haivng monthly fees raised if buying a condo or townhouse? How do i know it will be quiet if buying a condo or townhouse.
How do i know im getting a good condo or townhouse? Do i ask the neighbours or knock on doors closeby to find out? They always say to talk to the neighbours about the place.
Your experiences and suggestions would be great!! I am gearing towards a condo or a townhouse. A house would be great but im scared to repair or do maintenance being I have no man or husband, Im active, work fulltime and have two busy kids and limited income.
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Oct 24, 2008 Whether you rent a house, townhouse, condominium or apartment, ensure your items will be replaced should you experience a sudden loss.
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I suggest you buy a home and I will tell you why:
1) you have children who will want to play and having a yard is essential in a child's life. (in a condo or townhouse you will mostly likely not have a yard or mayeb a shared one. You owe it to your children, give them a yard to play.
2) The association fees are ridiculous and they may go up with or without your notice or consent. Plus is DOES NOT cover maintenance INSIDE your home...only common grounds, like sidewalks, building structures, gardening etc. If your heat breaks down it is NOT covered!!
Also, they mandate what you can or cannot do in your home. Some require you to ask for permission to remove carpets, paint..etc.
3)You have no privacy.. you will have neighbors below or next to you and if your lucky you will get a good neighbor bnut what if you don't get lucky? You're stuck next to a lousy neighbor. What if they are negligent? What if they leave a candle lit and next thing you know your condo catches fire because of their negligence?
4)Taxes are cheaper on condos and townhouses, BUT it works out to be the same since your will be paying from $100-150 maintenance fees...now multiply that by 12 mths of the year. In addition to your property taxes...equals the same as having a detached home.
It's not like you are going to be alone forever, right?
I'd rather have a home and deal with things as they come cuz I like my privacy and hate to have people above, below or right beside me. They're usually so close that you can hear every little noise.
Put away 20 bucks each pay cheque for repairs and that way it will ease the blow, if and when it comes.
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Purchasing home or condo/townhouse? whats better? Any experiences?