Homebuying January 14 2017

The Pros and Cons of Condos

Condominiums and townhouses offer an affordable option to single-family homes in most areas. But consider these facts before you buy.

  1. Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings.
  1. Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit. However, if you hate yard work, this may be the perfect option for you.
  1. Amenities. Many condo properties have swimming pools, fitness centers, and other facilities that would be very expensive in a single-family home.
  1. Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit, and let in workers when you're not home.
  1. Security. Many condos have keyed entries and or even door attendants. Plus, you'll be closer to other people in case of an emergency.
  1. Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees agreed to by the condo board, whether or not you're interested in the amenity or not.
  1. Resale. The ease of selling your unit is more dependent on what else is for sale in your building, since units are usually fairly similar. Single-family homes usually are more individual.
  1. Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets. Read the covenants, restrictions, and bylaws of the condo carefully before you make an offer.
  1. Proximity. You're much closer to your neighbors in a condo or townhome. If possible, try to meet your closest prospective neighbors before making a decision

Search Results for query

June 04 2020

DIY Summer Crafts for Kids

Looking for some activities to keep the kids busy this summer? Here are some DIY summer craft ideas!

Read More

May 28 2020

Tips to Organize Your Laundry Room

Solve laundry room clutter with our 4 easy tips on organizing your laundry room.

Read More

May 18 2020

What is a Conventional Loan?

Deciding to obtain a mortgage comes with a lot of new words to learn! Here's a quick summary of one of the most popular loan options, a Conventional mortgage.

Read More

May 11 2020

4 Signs It's Time for You to Move Up

Spending more time at home may have shown you that you need more space! Here are our tips on knowing when it's time to move up.

Read More

May 04 2020

Planning the Perfect Staycation

Cancelling your summer vacation? You can keep your family safe & healthy while still unplugging and escaping reality for a bit. Here are some ideas to help you plan the perfect staycation!

Read More

April 30 2020

Virtual Homebuying Is The New Normal

The idea of home has always been a place of safety and comfort, but now our homes are becoming so much more. Luckily, you can find, finance and close on a home from the comfort of your living room. 

Read More

April 20 2020

Tips to Lead a Greener Lifestyle in Your Home

We celebrate the 50th anniversary of Earth Day this year. It's a great time to assess our habits at home and think about small changes we can make to do our part. Here are some small tweaks to your home habits to make you feel fulfilled as well as help...

Read More

April 15 2020

8 Simple Design Ideas for Your Dream Backyard

Did you know that gardening can decrease stress, improve your mood, and keep you active? You might have limited access to the outdoors right now, but planting flowers is just one way you make your backyard your own personal oasis. 

Read More

April 08 2020

Family Easter Fun While Social Distancing

Not sure how to celebrate Easter this year? Your normal traditions may be put on hold, but you can still celebrate with your family at home this year! 

Read More

12345Last

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?