But that doesn't mean that home shoppers looking for a great deal can't find a place with potential.
- Location, location, location. You can always fix a property, but you can't always fix the neighborhood. In the long run, home buyers often get a better deal with the worst house in a great neighborhood than with a fancy house in a not-so terrific neighborhood.
- Less than 50 years old. Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations. In and around Old Town and historic areas, that's not always possible, so shoppers also look for homes that have been completely renovated as opposed to homes with a facelift and fresh coat of paint.
- Livable floor plan. It's a good idea to buy a home with a basic design that makes you happy from the start. This is because moving walls can cost a lot of money.
- Light. Houses with the most potential have plenty of natural light. Southern facing homes often have the best light.
- Good storage. Adding storage isn’t cheap, so it’s smart to choose a property that already has it.
Do you know what "HOA Fees" are?
HOA stands for Homeowners Association, which is an organization that sets by-laws and restrictions in some neighborhoods. The fees associated with this, called homeowners fees, are usually paid annually and cover certain services and amenities associated with a neighborhood. These fees may include services such as landscaping, maintenance, and water and sewer; or amenities such as pools, fitness centers, neighborhood recreational areas, and valet parking. HOA fees usually range from $100-$1000, depending on the location of the home, and can be changed yearly. A board of directors is usually voted in, and they decide the cost of the fees. Specific by-laws and restrictions are also associated with an HOA. These rules vary from neighborhood to neighborhood and are meant to keep your neighborhood safe and beautiful. Understanding all the by-laws and restrictions before purchasing a home is important so that you know that they are rules that you can live with.Condominiums are found in all shapes, sizes, prices and types. Are you looking for a high-rise condo, a mid-rise or a garden-style condo? Maybe you'd prefer a townhouse?
The term "garden-style" condo usually refers to a condominium residence in a building that has less than three stories. Most garden-style condos have balconies or patios for each residence. Many garden-style condos have a main entrance that opens to a common-area hallway. Additional common areas include the green space and "gardens" surrounding the structures. If you're interested in garden-style condos you'll have a lot of options in {Location_Name}.
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