So you actually on a Condo, but are worrying about the fact that will Condo life suit you? Just the way you have heard about the benefits of condo life, you have also heard about the unforeseen hassles that comes free with owning a condo. Like life in any condo like Forest woods and others is just not a financial commitment but a social commitment too. Hence, when you think about going for a condo consider the following too.
The cost of owning a condo does not end with the mortgage it goes beyond that. Yes, you must think about bearing the monthly owner’s fees, insurance and other expenses that you have to bear for living in a Forest woods. There can be different other fees that will be associated with the condo. While buying the condo know about the bylaws that will explain you about these fees. Make sure that they do not make a big hole in your pocket every month.
The Social Setting
When you are planning to buy a condo it is quite natural that you will think about the financial aspect of buying a condo. Do not stop there think about the social settings there too. There will be a number of other families who belong to different background and age group. Thus, before you make the purchase make sure that you checked who will be your immediate neighbor.
Breaking down the Agreement
Every condo has their own bylaws that ensure that the residents are following them and they are made to make the resident happy. These bylaws also known as “covenants, conditions and restrictions” must be looked over before you choose nay condo. The CCR is an important document that will let you know about the fees, about the parking or having pets.
Know about them in details and if required discuss with someone else and then decide whether a life in Condo is suitable for you.