Are you in the market to buy a condominium in Connecticut?
Connecticut Real Estate can help you get the best deal on a Connecticut Condominium.
Top 10 Condominiums in Connecticut Updated Daily
Top 100 Condominiums in Connecticut Updated Daily
A condominium or condo is an individually owned residential property which is generally present in a cluster-like complex. It has a different system of ownership than other residential properties. Condos are mostly bought by retired people, frequent travelers and young couples.
Features of condominiums
- A condo is a single unit among many units present in a big building or community. Each unit is a complete apartment in itself with bedrooms, kitchens, patios, balconies and storage space.
- Every unit has its individual owner whereas the common areas are jointly owned by all unit holders.
- These common areas include elevators, basements, lobbies, floors, halls, roof and foundation. The land on which the building stands, the parking areas and even the gardens, clubhouses, swimming pools and playgrounds are owned by all the members together.
- A condo can be owned individually by a single person or jointly by two tenants. The joint system of ownership can either be equal ownership or the two holders can be tenants in common with separate percentages of holding.
- Property taxes need to be paid by every condo owner individually. The unit holders have undivided interest in the common areas so they need to pay property tax for their percentage of the undivided interest. This tax is bundled together with the tax for the unit.
- There is a Homeowner Association to maintain and manage the whole property. All the unit owners are members of this association.
- HOA dues need to be paid by every member for the maintenance and upkeep of the property.
Points to consider before buying a condo:
– Some condos come with age restrictions. They are specifically constructed for the older population. These are generally known as active adult communities or retirement communities. Children are allowed to stay with their grandparents or aged parents for a just a few days at a stretch. It is important to check the type of condominium before investing.
– You should also check the social opportunities that are offered by the condominiums in the form of book clubs, potluck parties, garden areas, dance classes, walking and jogging tracks, etc.
– The total square footage offered by the condo is a significant detail. You should see whether the space is enough for all your requirements. Condos with a spare room and storage space are definitely more preferable.
Take a look at all the unit upgrade plans and make your choice accordingly. If you require any help in buying a condo in Connecticut, Connecticut Real Estate & Investment is here to help you.
Are You Searching For A Connecticut Home or Investment Property?
Steve Schappert is Connecticut’s Home Buying Pro. Schappert is a buyer’s agent, a nationally recognized exclusive Connecticut Real Estate Broker and an award-winning Connecticut Home Improvement Contractor. Schappert is uniquely qualified to help you locate, negotiate and renovate your dream home or investment property.
“A Buyer’s agent represents the interests of the buyer in a real estate transaction. The Buyer’s agent’s responsibilities to the buyer are: undivided loyalty, obedience, diligence, disclosure, confidentiality, accounting, and reasonable skill and care. All duties are fiduciary — they are owed exclusively to the buyer – NOT to the seller.” – CT Dept. of Consumer Protection
A buyer’s agent can work for a traditional agency which can put you at risk. Traditional agencies take listings and promise to get the top price for the seller. If you don’t work with an exclusive Connecticut Real Estate Brokerage that Never takes listings, you will likely end up signing a dual agency agreement.
Connecticut Real Estate is an exclusive Connecticut Real Estate Brokerage. We NEVER have a conflict of interest with representation. Connecticut Real Estate never ever represents the seller. At Connecticut Real Estate & Investment our life doesn’t revolve around trying to get paid by both sides. You can’t promise to get the best deal for both sides in a transaction. Think about divorce attorneys representing both spouses. At our first meeting we promise to do our very best for you and nobody else. Throughout the transaction that never changes. You will never be asked to sign a dual agency agreement.
Hiring a Connecticut exclusive Connecticut Real Estate Broker is the best decision you will make regarding buying a home in Connecticut. When NBC, Kiplinger’s Financial, Woman’s Day Magazine, The New York Times, Real Estate For Dummies & The Learning Channel (TLC) wanted to learn more about buying real estate, they called Steve Schappert and you should too!
Call Steve Schappert Today to Start The Connecticut Home Buying Process
860-880-0597 Email Broker@CTRE.Online