Posts by Jonathan Ayala
What Is A Condo? A Complete Breakdown of Condos
For many prospective homebuyers, the idea of tending to a house and yard can be daunting. The price tag of single-family homes today can also test your budget’s limits. Luckily, various property types are available that minimize maintenance headaches and are more wallet-friendly. Enter the condominium, commonly known as a condo. But what is a…
Read More10 Best Tips For Buying A Condo
Are you thinking about buying a condo? For many first-time homebuyers, a condo can be the perfect blend of convenience, affordability, and low maintenance. But how do you make sure you’re making the right choice? With the right guidance, you can find a property that suits your lifestyle, budget, and future goals. Luckily for…
Read MoreWhy Does Owner Occupancy Matter In A Condominium?
Owner occupancy is a term that often pops up in conversations about buying a condo. But why does owner occupancy matter in a condominium, and how does it affect your experience as a potential condo buyer? Understanding the distinction between owner-occupied units and those filled by renters can impact everything from property values to…
Read MoreHow Does Fractional Ownership Of A Condo Work?
If you’ve been looking for a vacation home, you may have noticed condo listings that refer to fractional ownership. But what is fractional ownership, and how does fractional ownership of a condo work? Often confused with timeshare, fractional condo ownership allows you the use of a condo as your vacation home, along with several…
Read MoreWhat Does HOA Cover For Condos?
Are you considering buying a condo? If so, you’ve probably come across the term ‘HOA fees’ in your research. Understanding what these fees entail and their purpose is essential before making a purchase. Homeowners Associations (HOAs) have become increasingly popular, with continued growth expected in the coming years. Today, at least 75 million people in…
Read MoreCan A Condo Association Evict An Owner?
Condo associations have rules designed to maintain a harmonious living environment for all. These include noise restrictions, pet ownership, parking regulations, and guidelines about using shared amenities. Most condo owners and tenants may wonder how far the association can go to enforce these rules when they are repeatedly broken. While facing an eviction from a…
Read MoreCondo Property Tax: Everything You Need To Know
Are you a first-time home buyer? You’ll be liable for paying property tax. Property taxes are mandatory in the US, and that includes condo property tax. But how does it work, and how do you pay it? We have the answers to these questions in the guide below. So, read on to discover everything…
Read MoreWhy You Need A Condo Home Warranty: 4 Reasons
Owning a condo has many unique perks. You enjoy being a homeowner without the burden of yard work or exterior maintenance. Condo living is convenient due to its security, proximity to amenities, and sense of community. However, like other homes, condos need regular maintenance and repairs to stay in tip-top condition. Paying for maintenance and…
Read More10 Biggest Red Flags When Buying A Condo
The definition of a red flag is a sign of danger, problems, or irregularities. In the world of real estate, red flags can signal problems with the property’s construction and irregularities in property management and maintenance. It can even spell danger, such as buying property in an unsavory neighborhood. Research into US homeowners who…
Read MoreWhy Avoiding Broker Fees Can Backfire: Tips for a Successful Rental Search
When looking for a rental property, tenants often encounter broker fees charged by real estate agents. These fees, typically a percentage of the annual rent or a flat amount, can be a significant expense. Some renters might be tempted to negotiate or avoid paying these fees altogether, but doing so could actually hinder their search…
Read More