For buyers , condominiums tend to fall into the love them or hate them position. Below is a primer on condominiums.

When it Comes to Condominiums

Condominiums can be good or bad depending upon your personal views and they are all about communal living. But take note that this type of communal living is not about the failed experiments of the sixties wherein hippies packed into a structure and shared everything. Instead, sharing common spaces as well as rules, rules, and more rules is what the modern condominium community is all about.

Condominiums come in all shapes and forms. In a single high rise building in a downtown area or in an apartment complex type of a layout in a planned community is where you can find condos. The structure is not the determining point. The issue on how the properties are owned is the determining point here.

Unlike a stand alone home, the property lines on a condominium are the walls of the structure. This means that you own everything inside the condominium as your individual property. Owned jointly with the people who own the other units is everything outside the condominium. These are known as the common areas and they are subject to group rule.

A homeowners association is what every condominium has in one form or another. The association has rules set out by the original developer regarding landscaping and so on. Members of the community will immediately become a focal point of aggravation from individual owners and would often wonder why they took the thankless job when they are elected to the board of the association.

In general, the problem with the association and condos is the issue of uniformity. If you desire to change the exterior of your condominium in some way, you must comply with the rules of the association. This means you cannot paint your property a different color, do landscaping and so on. Others are frustrated when they can’t express themselves but for some people, this isn’t a problem.

When deciding whether a condominium is a good option for your next purchase, you need to carefully weigh the restrictions of a particular association. If you are an individual and want to show it, then it’s likely that a condominium is a very poor choice for you.

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