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Condo for sale in Los Angeles ?
The following articles explores what it is to live in a condo in greater detail, and asks what may be a very pertinent question - is the condo lifestyle suited for you ?
Condominium Living - Is it Right for You?by Richard A. LorencOne of lifes exciting challenges is deciding on what type of home ownership fits best. First time buyers are often trying to decide on a single-family starter house, townhouse or a condo? Other existing homeowners decide they are tired of maintaining their house and yearn for someone else to do the upkeep allowing plenty of time to explore their interests. Yet others may be quite happy with their existing house but have their eye on a well-deserved vacation condo on the beach, waterfront or the countryside. Before writing a check and putting their names on a contract to purchase a condo they may wish to consider the benefits and drawbacks of a communal lifestyle and what it means to live in a condo. Condominium Association By-Laws, Documents and all Amendments must be carefully reviewed. They are often large and cumbersome documents with many amendments. Buyers have a limited number of days as specified in the contract to review and accept or decline and rescind the contract. The so-called "Condo Docs" are in essence the rules and regulations everyone agrees to live by when living in a particular condominium community. The condo documents will specify if pets are allowed and restrictions on the number, types, weight and acceptable breeds. Common condo property will be described in detail as well as who is responsible for upkeep. Restrictions on what can be done to the inside of the condo will be spelled out. Carpeting may be required on floors above ground level (except kitchen). If not specified tile may be allowed anywhere. Remember flooring can become a significant noise factor for anyone living on lower floors in a condo. Dont under estimate the annoyance factor. Violations of the condo rules and regulations can be handled differently depending on the strength of the condo association board of directors. Lesser violations usually begin with written warnings to the condo owner. Violations that persist may result in monetary fines or legal action. A prospective buyer should understand the due process for an inconsiderate renter or owner that lives next door. Problems may take weeks or months to resolve and often not to the condo owners satisfaction.
Continued ... Condo for s
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