Will condo living fit your lifestyle?

August 26, 2016 | Higgins Group Real Estate

Owning a condo, just like any other property type, comes with its own benefits and pitfalls. If you’re having some difficulty deciding whether or not condo living suits your lifestyle, below are some important things to consider:

Condo Living

The social aspect

There’s a social aspect attached to a condo lifestyle. Different condo complexes have different environments, so the key is to choose which one is right for you. For example, if you’re searching for a more relaxing setting, you may want to find a more family-friendly complex, rather than one filled with raucous college kids.

Consult your real estate agent, or introduce yourself as a prospective buyer and ask your potential neighbors what it’s like to live there.

Costs

In addition to paying mortgage, you have to consider paying other fees such as condo association fees and homeowner’s insurance. Since a condo has shared amenities, these fees are used for general upkeep and maintenance. They are also there to cover major situations that affect the entire complex, such as storm damage, repairs, and so on.

Keep in mind that you’ll need to pay these fees as long as you live in the condo complex.

Rules

Each condo has a set of rules and bylaws called “covenants, conditions, and restrictions,” simply known as CCR. The CCR is an official document that is handed to buyers before they purchase the condo unit. It contains various information regarding parking slots, pets, fees, and other specifics.

In case you have some questions about the CCR, it’s best to consult a lawyer or your real estate agent and have them go over the document to see if there are any items that may be considered deal breakers.

If you’ve decided that condo living is ideal for your lifestyle, start your search by taking a look at some of the available condos in Fairfield County.

Share this:
More Details...
Higgins Group Real EstateChristie's International Real Estate Leverage
EAC Trumbull 550-552 White Plains Road
Trumbull, CT 06611
Phone: 203-259-2172
Fairfield Center 1499 Post Road
Fairfield, CT 06824
203-254-9000
Greenfield Hill 129 Hillside Road
Fairfield, CT 06824
203-259-7868
MILFORD 146 S Broad Street
Milford, CT 06460
203-301-4844
Monroe 97 Main Street
Monroe, CT 06468
203-459-9300
Norwalk 50 Water Street
Norwalk, CT 06854
203-838-5005
Norwalk/Vanderblue 154 East Avenue
Norwalk, CT 06851
203-256-2339
Rowayton/Vanderblue 151 Rowayton Avenue
Norwalk, CT 06853
203-939-7373
Shelton 2 Trap Falls Road Suite 314
Shelton, CT 06484
203-944-9400
Stamford Greenwich Regional 1055 Washington Boulevard
Stamford, CT 06901
203-658-8282
Trumbull 5767 Main Street
Trumbull, CT 06611
203-452-5500
Westport 278 Post Road East
Westport, CT 06880
203-226-0300
Wilton 5 River Road
Wilton, CT 06897
203-762-2020
Stamford East Side Commons 850 East Main Street
Stamford, CT 06902
203-406-0300

Office Numbers