I live in an urban Kansas City condo and love it.
Condominiums or condos can be great alternatives to single family homes, but may not fit your preferences. Whether you’re seeking a condo as a place to live for a few years or for a lifetime it’s a worthy exercise to understand if condo living is right for you.
My job is to help you become a well-informed condo buyer. Condo ownership is home ownership and you’ll enjoy the benefits and responsibilities of home ownership. Condos represent a community form of ownership so in addition to your monthly mortgage, property taxes and insurance you’ll pay a monthly condo fee referred to as Homeowners Association dues (typically based on square footage).
As your real estate professional I’ll help you learn about purchasing a condo and help you determine:
• How much you can afford to spend on a condo
• What are your legal rights and obligations under the condo bylaws?
• What is included in the condominium fees?
• Is parking deeded and/or assigned? How many parking spaces for the unit you want to purchase?
• What type of modifications are allowed? And what are the allowable hours for modifications? Are there move-in fees?
• How are officers elected to the condo board or HOA?
• How much is the cash reserve for future repairs?
• What does the master property insurance policy cover?
• What is the remaining useful life of the community or building’s major components?
Remember, you’re not just buying a home; you’re buying into a community. I’ll guide you through the learning process and help you ask the right questions.