In a condo you get 24/7 security, you get access for night clubs, casinos, swimming pools inside the condo. And the condo get maintained by the management. Suitable for a person who loves a easy life
Houses also have HOAs, they are called hydro, gas, water, heating, garbage removal, land scaping / snow removal. Every month 500-800$ goes up in the air in form utilities. Most HoA cover utilities . I know 50 yr old building with hoa of 450$ or so. Also houses also have Special Assessments. They are called roof leaks/new roofs , furnace or hvac system going bust. Plumbing issues, water seepages and others minor never ending maintenances. Yes houses do retain their value much better than condos or THs.
Yes, condo associations cover maintenance. Some even cover basic cable and internet. It's important to understand what is covered to really understand the value there. I suggest reading the actual condo docs to see what is and is not included. Of course, houses do also have maintenance that needs to be done. The main difference is that you are always in control of when to do that maintenance, unlike in a condo association. Many residents are not involved in condo association meetings and are surprised by special assessments.
sure, if you were to be saving every month for proper repairs and upkeep, 300 would be a good amount. 3,600 a year will cover most things. Condos usually cost more than homes.
I have a small family .just my son and I. dont have a problem with buying a condo. I just dont want to deal with upkept of front and back yard ,dreading problems with roofing .
My greatest fear in buying as condo is the HOA. Too many people get trapped by HOA's that over improve & drive costs up. Also, poor management after a weather incident for example can tie up your title for years.
I totally understand that fear. I always recommend getting involved with the HOA/condo association. You don't even necessarily have to serve on the board, but you need to attend some meeting, read the minutes, and know what is going on. When I see people get involved in bad situations with the HOA, it is almost always because the board has been run by the same people for years with a completely apathetic owners.
In Europe, most people live in condos. Cheaper, less maintenance, less work, better location, access to all sorts of services, infrastructure, transportation, etc.
In the condominium I live on the outside there are recently broken bricks. This problem needs to be fixed. No one is doing anything about it. Not the Association or the Superintendent. Do you have any advice for me? i do not want to move at this time. I am one of the owners. The building has more than one hundred units.
Sorry to hear about that. I'm sure it's stressful that n one is doing anything about it. If you want answers, you have to get on record with the association. Get it placed on the agenda for the next meeting and the association will have to hear you on the matter and respond. It would also be good to report it in writing with photos to keep them accountable for caring for the grounds.
Thank you for responding I really do appreciate it. It is interesting that you say"the association will have to hear you on the matter."The head of the Association is an accountant who stated to me about 10 years ago that he lives here. He spends alot of time working in his office but he does not sleep overnight in the building,does not do food shopping and bring the food into the unit and does not bath here. As far as I am concerned he does not live here. He does not always listen to owners concerns. I might write him a letter about the broken bricks. Thanks again. @@laurensellinghomesbylauren412
@@garylivingston144 Depending on what your governing docs say, he likely isn't required to live there to hold a position on the board. The requirement is likely only that he owns a unit. Putting it in writing is a good idea. Maybe they really aren't aware of the condition of that area, especially if he isn't there all the time. If you don't get a response, bring it up in a meeting.
@Reggy: You're in Canada...she's in Florida, USA, so she's not talking about condos in a very minor and obscure foreign country, just Florida. How many real estate agents in Quebec could tell us ANYTHING about condos in Florida? Probably none...so why would you even bring up Canadian condos in he first place? No one here (real Americans) wants to live in Trudeau's liberal/socialist Canada anyway. Besides, I'm not even sure most Americans could even find Quebec on a map, let alone care what condos cost there, oui? -- BR
@@billredding2000 Definitely wouldnt call our long-time ally an "obscure and foreign country" my guy. Im with you on a few of those other things. Including Trudeau turning it into a h3llhole. But dear God, show at least a LITTLE respect for Canada.
@@davecrupel2817 Well, I have zero respect for sissified/emasculated Trudeau (and France's Macron is his twin-brother I'd say, so no respect for him, either)...but I DO know you have SOME conservatives still left there in Canada, but not a whole lot. I guess they're the ones with 5-shot SKS rifles, as they have such repressive gun laws. Sad...but that's another topic. So some people spell Canada "Kanada" seeing it as socialist at best, and it's majority of voters (apparently) have proudly made Canada what it is today: Pretty much nothing to speak of (or notice) on the World Stage of nations. I've heard Canadians say as long as they have their beer & telly, they are happy. Wow... But it's the very same for liberal/effeminate/Woke Australia and the UK as well. Disgraceful, as ALL of them today are mere shadows of what they once were. In all fairness (and also worthy of disrespect), America is almost in the same sad state-of-affairs given the majority of "Americans" (in quotes because they're not real Americans, just posers) are liberals/Democrats there so they outnumber and therefore outvote conservatives/Republicans regularly (the Libertarian Party in America is nothing and never has been, so it doesn't even get an Honorable Mention as it's politically irrelevant). As for respecting Canada, yes we in America do (kind of) "respect" Canada, but to be honest all we want is your vast forests of TREES -- for building materials (we need more new homes here to increase supply and help reduce home prices). TIA for you tending to that personally and at your earliest convenience. ;-) ...just kidding, I'm sure. :-) -- BR
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Some houses also have HOA. And all townhomes have HOA so it’s not just condos. Well at least here in the DC/MD/VA/WV areas
Very true. There are also a lot of homes with HOAs in Florida too!
In a condo you get 24/7 security, you get access for night clubs, casinos, swimming pools inside the condo. And the condo get maintained by the management. Suitable for a person who loves a easy life
You do make it sound like a good life! 😛
I absolutely agree. I went from a condo to a house, and I’m miserable in a house. Condo is easier for me.
Been thinking of a high rise condo because I am single and not interested in maintenance of a yard etc.
Houses also have HOAs, they are called hydro, gas, water, heating, garbage removal, land scaping / snow removal. Every month 500-800$ goes up in the air in form utilities. Most HoA cover utilities . I know 50 yr old building with hoa of 450$ or so.
Also houses also have Special Assessments. They are called roof leaks/new roofs , furnace or hvac system going bust. Plumbing issues, water seepages and others minor never ending maintenances.
Yes houses do retain their value much better than condos or THs.
Yes, condo associations cover maintenance. Some even cover basic cable and internet. It's important to understand what is covered to really understand the value there. I suggest reading the actual condo docs to see what is and is not included.
Of course, houses do also have maintenance that needs to be done. The main difference is that you are always in control of when to do that maintenance, unlike in a condo association. Many residents are not involved in condo association meetings and are surprised by special assessments.
Exactly! You get all this on much bigger economy of scale with an HOA. With a house you get to fund that new $10k retaining wall all by yourself!
sure, if you were to be saving every month for proper repairs and upkeep, 300 would be a good amount. 3,600 a year will cover most things. Condos usually cost more than homes.
@@toddlavigne6441 and the city is providing all the utilities for free, right ?
I have a small family .just my son and I. dont have a problem with buying a condo. I just dont want to deal with upkept of front and back yard ,dreading problems with roofing .
My greatest fear in buying as condo is the HOA. Too many people get trapped by HOA's that over improve & drive costs up. Also, poor management after a weather incident for example can tie up your title for years.
I totally understand that fear. I always recommend getting involved with the HOA/condo association. You don't even necessarily have to serve on the board, but you need to attend some meeting, read the minutes, and know what is going on. When I see people get involved in bad situations with the HOA, it is almost always because the board has been run by the same people for years with a completely apathetic owners.
In Europe, most people live in condos. Cheaper, less maintenance, less work, better location, access to all sorts of services, infrastructure, transportation, etc.
Some houses have HOA fees also.
This is very true! Are there a lot where you live?
@@laurensellinghomesbylauren412 I live in the middle of nowhere.
In the condominium I live on the outside there are recently broken bricks. This problem needs to be fixed. No one is doing anything about it. Not the Association or the Superintendent. Do you have any advice for me? i do not want to move at this time. I am one of the owners. The building has more than one hundred units.
Sorry to hear about that. I'm sure it's stressful that n one is doing anything about it. If you want answers, you have to get on record with the association. Get it placed on the agenda for the next meeting and the association will have to hear you on the matter and respond. It would also be good to report it in writing with photos to keep them accountable for caring for the grounds.
Thank you for responding I really do appreciate it. It is interesting that you say"the association will have to hear you on the matter."The head of the Association is an accountant who stated to me about 10 years ago that he lives here. He spends alot of time working in his office but he does not sleep overnight in the building,does not do food shopping and bring the food into the unit and does not bath here. As far as I am concerned he does not live here. He does not always listen to owners concerns. I might write him a letter about the broken bricks. Thanks again.
@@laurensellinghomesbylauren412
@@garylivingston144 Depending on what your governing docs say, he likely isn't required to live there to hold a position on the board. The requirement is likely only that he owns a unit. Putting it in writing is a good idea. Maybe they really aren't aware of the condition of that area, especially if he isn't there all the time. If you don't get a response, bring it up in a meeting.
@@laurensellinghomesbylauren412 thank you for responding.
Privacy is the main reason why people buy a house, and the second reason is you have a family!
Condos are for single people living in the city who want the luxury of good infrastructure!
I definitely see a lot of single people opt for condos.
condos is 5% down here in quebec. all your cons are not true here. HOA is dirt cheap.
You can put 5% down on some here, but not all. Thanks for watching!
@Reggy: You're in Canada...she's in Florida, USA, so she's not talking about condos in a very minor and obscure foreign country, just Florida. How many real estate agents in Quebec could tell us ANYTHING about condos in Florida? Probably none...so why would you even bring up Canadian condos in he first place? No one here (real Americans) wants to live in Trudeau's liberal/socialist Canada anyway.
Besides, I'm not even sure most Americans could even find Quebec on a map, let alone care what condos cost there, oui?
-- BR
@@billredding2000 Definitely wouldnt call our long-time ally an "obscure and foreign country" my guy.
Im with you on a few of those other things. Including Trudeau turning it into a h3llhole.
But dear God, show at least a LITTLE respect for Canada.
@@davecrupel2817 Well, I have zero respect for sissified/emasculated Trudeau (and France's Macron is his twin-brother I'd say, so no respect for him, either)...but I DO know you have SOME conservatives still left there in Canada, but not a whole lot. I guess they're the ones with 5-shot SKS rifles, as they have such repressive gun laws. Sad...but that's another topic.
So some people spell Canada "Kanada" seeing it as socialist at best, and it's majority of voters (apparently) have proudly made Canada what it is today: Pretty much nothing to speak of (or notice) on the World Stage of nations. I've heard Canadians say as long as they have their beer & telly, they are happy. Wow...
But it's the very same for liberal/effeminate/Woke Australia and the UK as well. Disgraceful, as ALL of them today are mere shadows of what they once were.
In all fairness (and also worthy of disrespect), America is almost in the same sad state-of-affairs given the majority of "Americans" (in quotes because they're not real Americans, just posers) are liberals/Democrats there so they outnumber and therefore outvote conservatives/Republicans regularly (the Libertarian Party in America is nothing and never has been, so it doesn't even get an Honorable Mention as it's politically irrelevant).
As for respecting Canada, yes we in America do (kind of) "respect" Canada, but to be honest all we want is your vast forests of TREES -- for building materials (we need more new homes here to increase supply and help reduce home prices). TIA for you tending to that personally and at your earliest convenience. ;-)
...just kidding, I'm sure. :-)
-- BR