Is Condominium Living Right for You?

Condominium living is a lifestyle choice that has many perks.  The turn-key lifestyle appeals to many people at various stages of life from the first-time single buyer to the retiring boomer couple looking for no maintenance to invade their well-earned freedom.  Condo life, however is not for everyone.  How to determine if condo life is for you?

Condominium Living – Is It Right For you?

If you’re considering purchasing a Frederick Condominium, there are several questions you’ll want to ask yourself.

Worman's Mill Clubhouse

Worman’s Mill Community Clubhouse

Pros:

  • Are you interested in having no outside maintenance?  Part of your condominium fees will go to regular outside maintenance, as well as common area maintenance, part will go into an account that will handle major upgrades, like roof replacement, siding repair, etc.
  • Are you interested in the ability to travel for periods of time without worrying about your home?
  • Are you happy with community life?  Being in close touch with neighbors?
  • Do you enjoy sitting by the pool without a care for the cleaning and upkeep of said pool? Same goes for lanscaping, parking and sidewalks.
  • Are you ok with rules and by-laws?

Cons:

  • Do you like to putter in the garden?  You’ll have to resign yourself to patio gardening, if possible.
  • Do you like to have some space between you and your neighbor?
  • Do you cringe at the thought of being told what you can and cannot do because of above-mentioned by-laws?
  • Do you have lots of stuff that you don’t want to part with?  Most condos don’t have a lot of storage.  Apart from the occasional 5 X 8 space in the basement, you’d have to rent a storage garage, or impose on that relative with the extra storage space in his garage.

Things to Remember about Buying a Condo

In qualifying for the mortgage, the lender will figure in the monthly Condo fee, which will lessen the amount you actually can buy.  Keep that in mind when you are comparing the sales price of a condo and a townhouse or single-family.  (Also remember, the Condo fee is paying for the things you don’t want to take care of yourself.)

Generally speaking, during a “down market” condominums can be a little harder to sell; more time on the market, less appreciation.  You want to make sure that you’ll more than likely be there for a good 7-10 years to make sure you can re-sell, depending on the market.

Search for Condominiums for sale in Frederick:

  1. 2 beds, 2 full baths
    Home size: 1,489 sq ft
    Year built: 2016
    Days on market: 3
  2. 2 beds, 2 full baths
    Home size: 1,547 sq ft
    Year built: 2016
    Days on market: 3
  3. 2 beds, 2 full baths
    Home size: 1,363 sq ft
    Year built: 2004
    Parking spots: 1
    Days on market: 6
  4. 2 beds, 2 full baths
    Home size: 1,000 sq ft
    Year built: 1994
    Parking spots: 1
    Days on market: 7
  5. 2 beds, 2 full baths
    Home size: 994 sq ft
    Year built: 1987
    Parking spots: 2
    Days on market: 7
  6. 2 beds, 1 full bath
    Home size: 960 sq ft
    Year built: 1990
    Parking spots: 1
    Days on market: 7
  7. 2 beds, 1 full bath
    Home size: 750 sq ft
    Year built: 1984
    Parking spots: 2
    Days on market: 10
  8. 2 beds, 2 full baths
    Home size: 1,370 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 11

See all Real estate in the city of Frederick.
(all data current as of 8/29/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Contact Chris Highland to tour Condominiums in Frederick Md

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