{"id":882,"date":"2015-09-09T15:30:07","date_gmt":"2015-09-09T15:30:07","guid":{"rendered":"http:\/\/thehoneybeehomes.com\/home\/?p=882"},"modified":"2015-09-09T19:42:31","modified_gmt":"2015-09-09T19:42:31","slug":"6-things-to-remember-as-you-dig-for-condos-for-sale-in-grand-rapids-mi","status":"publish","type":"post","link":"https:\/\/thehoneybeehomes.com\/home\/6-things-to-remember-as-you-dig-for-condos-for-sale-in-grand-rapids-mi\/","title":{"rendered":"6 Things to Remember as You Dig for Condos for Sale in Grand Rapids MI"},"content":{"rendered":"

\"Condo\"<\/a>Condominiums can be a great choice. \u00a0They often come with a lower purchase price, less maintenance, and added facility perks. \u00a0But those great advantages come with a few twists. \u00a0As\u00a0you search\u00a0for condos for sale in Grand Rapids MI, keep these tips in mind.<\/p>\n

1. \u00a0The Basics<\/strong><\/p>\n

First, what is a condominium, really? \u00a0It is a living space that you own. \u00a0As a result,\u00a0YOU get the appreciation and the tax benefits, in addition to getting to decorate exactly how you want to.<\/p>\n

However, a condo is\u00a0unique, because you share common areas with the other\u00a0owners. \u00a0Depending on the unit, you may share parking areas, roofs, walkways, pools, and more. \u00a0This creates some unique benefits and challenges.<\/p>\n

In addition, many typical maintenance tasks are handled by the association. \u00a0Roof repair, lawn mowing, snow plowing, water heater fixes, and exterior paint are will typically be covered in condos for sale in Grand Rapids MI.<\/p>\n

\"Childhood<\/a>2. \u00a0The Lifestyle<\/strong><\/p>\n

Condos create a more social experience than a similar single family house. \u00a0For some people, this is great! \u00a0You can wave to your neighbors as you get the mail, make friends at the pool, or create a parents group for play dates.<\/p>\n

For others, this can be a major pain. \u00a0Shared walls make for shared noise, and a 3 AM party can lead to grumpy neighbors. \u00a0In addition, plenty of people see their home as their retreat from the world. \u00a0It can be more of a challenge to ‘get away from it all’ in a condominium!<\/p>\n

3. \u00a0The Value<\/strong><\/p>\n

You can find some great deals on condos for sale in Grand Rapids, MI. \u00a0They are often competitively priced compared to single family homes, and offer you a chance to live where you want for less money.<\/p>\n

However, this is a double-edged sword. \u00a0Condos tend to appreciate slower than single family homes, and selling a condo is often tied to the quality of the overall complex. \u00a0If you have a poorly managed condominium association, it can be tough to get your unit\u00a0sold.<\/p>\n

In addition, the homes\u00a0in a complex tend to be pretty similar to one another. \u00a0If there are several on the market, it can be hard to make yours stand out from the crowd.<\/p>\n

\"Pool\"<\/a>4. \u00a0The\u00a0Perks<\/strong><\/p>\n

Many condos for sale in Grand Rapids MI come with added perks. \u00a0Some have community pools, where you can go to escape our (currently) 90 degree days. \u00a0Other places have workout areas, often open 24 hours, to help you save on a gym membership. \u00a0Designated meeting areas, business spaces, and covered parking spots are just some of the other bonuses available.<\/p>\n

Many associations also host community events, like cookouts, ice cream socials, and Super Bowl parties. \u00a0These can be great ways to get to know your neighbors, and enjoy social events without having to plan the details.<\/p>\n

5. \u00a0The Costs<\/strong><\/p>\n

The association will typically take care of repairs, maintenance, shared facilities, and community events. \u00a0As a result, you will be charged an Association Fee to contribute to these costs.\u00a0 This will be on top of your mortgage and taxes, so plan accordingly! \u00a0For Condos for sale in Grand Rapids, this usually varies\u00a0from $100 – $400\/month , depending on the location.<\/p>\n

There may be other costs passed on\u00a0to condo owners. \u00a0For instance, if a major repair is needed, and there is not enough in the emergency fund,\u00a0the association may require you to pay an ‘assessment’ to cover it.<\/p>\n

\"Meet\"<\/a>6. \u00a0The Nitty-Gritty<\/strong><\/p>\n

When you’re looking at condos, it is VERY important to also take a close look at the Condominium Association. \u00a0In addition to your purchase contract, you will be required\u00a0to\u00a0agree to their bylaws.<\/p>\n

Before buying any condos for sale in Grand Rapids MI, ask for and read a copy of all documents relating to the association’s management. You will want to know:<\/p>\n

-How does the association handle owner requests?
\n-What are the fees, and what do they cover?
\n-What are the associations rules and regulations? \u00a0Are you willing to live by them?
\n-How large is the condominium’s reserve fund? \u00a0If it is small, repairs can get deferred, or assessments can be laid on owners.
\n-What are current issues the association is dealing with?<\/p>\n

All of these things will affect your life. \u00a0In addition, it will likely affect your resale value down the road. \u00a0Make sure you know what you’re getting into!<\/p>\n

The lower maintenance, lower purchase cost, and great community can be wonderful reasons to choose to move into a condominium. \u00a0Just keep these things in mind, and you will make a fantastic choice.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Condominiums can be a great choice. \u00a0They often come with a lower purchase price, less maintenance, and added facility perks. \u00a0But those great advantages come with a few twists. \u00a0As\u00a0you search\u00a0for condos for sale in Grand Rapids MI, keep these tips in mind. 1. \u00a0The Basics First, what is a condominium, really? \u00a0It is a Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,16],"tags":[21,20,8,10],"class_list":["post-882","post","type-post","status-publish","format-standard","hentry","category-grand-rapids-mi-homes-for-sale","category-grand-rapids-mi-real-estate","tag-condominiums-for-sale","tag-condos-for-sale-in-grand-rapids","tag-grand-rapids","tag-michigan"],"yoast_head":"\n6 Things to Remember as You Dig for Condos for Sale in Grand Rapids MI | Honeybee Homes, LLC | We Buy and Sell Grand Rapids 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