Is a Seattle condo right for you? Condo’s can be a really good fit for someone that travels or works alot. You may be too busy to maintain a stand alone home on your own. Or you may even feel like home maintenance is a little intimidating.
Sick of paying someone elses mortgage? Many renters in the Greater Seattle area find that they can own for the same amount as they pay in rent! Even if you like renting because of the lightened responsibility, a condo can be a good middle ground. Even though you would be responsible for replacing leaky faucets and broken appliances on your own, you wouldn’t be responsible for the big things like leaky roofs and replacing siding.
But what about dues and assessments? Home owner’s dues can definitely be an added expense, but they generally cover alot of your ulitities and go towards major repairs. But if your association isn’t saving enough in their reserve account you could have a VERY COSTLY assessment down the road.
But you may be able to avoid assessments! Choosing a building with good upkeep and preventative maintenance is a must. So make sure you hire a real estate agent that can help you assess the structural integrity of the building, and no matter what, even if it’s a brand new complex ALWAYS have an inspection done by a LICENSED INSPECTOR!
Choosing to buy any type of property is a big decision. So whether you’re considering a stand alone home, townhome or condo, go to our Calendar/Reservations page and register for one of our First Time Home Buyer workshops. Don’t make a decision without getting INFORMED first!
