A condominium or a condo comes under the purview of real estate where a specific piece of land is owned by an individual under a housing association wherein the access to common areas and pathways are joined owned. You can own a condo in a multi storied building wherein you can legally sell or mortgage this individually owned piece of land with the help of a purchase deed. This arrangement makes it easier for individuals with limited budget to own and utilize this space as per their requirement. Scarcity of land and the ever growing rate of real estate becoming an increasing reality in today’s economic scenario make this kind of investment the most looked for. Bellewaters EC offers you with such an opportunity without burning a hole in your pocket.
Condo Costs & Laws
Before packing your bags and jumping into the moving van, it’s essential to know the suitability of living in a condo for your lifestyle. Many housing associations tendering out these condos have a set of bylaws and maintenance fees which you need to be aware of before making an investment. The upkeep fees are generally on monthly basis and it goes in to maintaining and beautifying your surrounding housing area like a broken building gate or maintenance of a water pump. However, since these costs will have to pay as long as you own the condo, their rates need to be checked.
How suitable is a Condo for you
You need to know your neighbors and surroundings before making a buying decision. Owning a place next to a bunch of high octane youngsters might not be a good idea if you have a small kid or ailing parents to look after. So it is advisable to speak to your prospective neighbors and association members about your surroundings and any association bylaws that might not be agreeable to you.
Purchases like Bellwaters promise to offer you not only a safe and beautiful condo living experience but also convenient and agreeable terms of purchase and upkeep. Welcome Home!