Condominium VS Townhome
Condominiums and townhomes are very popular real estate options for several types of buyers, from recent college graduates and Millennials to Baby Boomers and empty nesters. They are also smart investment opportunities in certain communities, as often they can be easily rented out on short and long term bases. But while these two types of dwelling share many similar features, they are, in fact, two different structures for purposes of real estate.
Condominiums, generally speaking, are one of many units inside a larger building, that can sometimes be several stories high. Legally speaking, you’re buying “air space” when you purchase a condominium, as you are purchasing everything within the walls of the unit you buy. You are also purchasing a fraction of the condo community itself. This fraction is based on the number of units in the complex, so if there are 25 units, you own one-twenty fifth of the community. This gives condo owners interest in the common areas of the community itself.
Townhomes, on the other hand, include the land on which the townhome sits. While condos are typically all on one level inside the space, townhomes often are built vertically, with multiple stories within the home. This is to maximize the land space, as well as maximize the interior space. Townhomes, unlike single-family homes, typically have shared walls, at least on one side of the home. Unlike in a condominium, however, there are rarely neighbors above or below the townhome residents. While condominium owners are typically not responsible for exterior maintenance or upkeep, townhome owners usually are responsible for these items, including any roof repairs or replacement.
Whether you are interested in condominiums or townhomes, there are many options in every price range throughout Glendale and the valley. I look forward to helping you explore these home ownership opportunities! 602-329-7782
When you’re buying a home, you’re probably going to spend some time considering the part of town (or the part of the state) where you want to be located. It’s normal to want to consider the location of your new home, but what exactly should you be looking for? It may be a challenge to figure out the factors you need to consider when looking for the perfect new place to live. Sure, you know you want to be close to work or near your family, but what else? What could help you find the neighborhood of your dreams? Check out our tips below to help you decide.
Are you a first-time homeowner feeling more than a little confused about what you need to focus on during the first year of your home owning experience? Have you just bought a home for the first time in a long time and need a refresher on what this first year might bring? Either way, you’re in the right place! Despite sometimes being overwhelming, buying a home is an exciting experience! Once you are handed the keys to your new house, you may find yourself at a loss for what to do next. Should you dive right into remodeling? Should you save money? Below, are a few of my tips for the first year of homeownership, whether this is your first experience or you’re a pro:
If you’re thinking about relocating to Arizona, you’re in for a treat. There are a lot of incredible reasons to love Arizona. So whether you’re a new resident or a local who’s lived here your whole life, you’re sure to find something you’ll enjoy about this great state. Though the long-time residents of Arizona have always known how wonderful it can really be, it’s beginning to be more and more popular with people looking to move somewhere with a great climate and plenty to see, do, and get involved in, too. Check out the list we’ve put together below to see what might draw you to Arizona, too.
When it comes to making a decision between buying a newly constructed home and buying a pre-owned house, the first thought that is likely to strike the mind of the prospective buyer is location and price. While price may be a factor in any business transaction, there are other things to look out for when purchasing real estate. Let’s take a look at the benefits and disadvantages of buying a new home from a builder vs buying a pre owned home from a private seller:
Arizona is home to many building architectural styles which are influenced by the various cultures that populated Arizona many years ago. Phoenix has some noteworthy popular building styles: from Native Indian inspired adobes, Mediterranean style to modern mid-centtury homes that are currently growing in popularity.
There are different valuations of a home’s worth and you should understand the difference between market value and assessed value. It’s important to understand what your home is worth. Knowing your homes value gives you an idea of how much you could receive if you sold the property. It also plays a part in determining how much property tax you’ll be required to pay.
Has your home been on the market for a while now and it seems like no one is coming for it? If this is a situation you find yourself in, the first step is to identify what may be reason. Many agents ask for feedback from prospective buyers to address anything that may be turning the buyers away from submitting offers.
Before settling on a particular type of mortgage, it is important that you do your due diligence by getting to know the different types of mortgage and their individual advantages. Your lender will typically evaluate your particular needs and financial situation and advise you on what type of mortage is best suited for you.
