Condo-Buying Walkthrough: Who Buys Condos?
AAA
  1. Condo-Buying Walkthrough: Introduction
  2. Condo-Buying Walkthrough: Condo Characteristics
  3. Condo-Buying Walkthrough: Who Buys Condos?
  4. Condo-Buying Walkthrough: Reasons To Buy A Condo
  5. Condo-Buying Walkthrough: Choices When Buying A Condo
  6. Condo-Buying Walkthrough: Condo Features To Consider
  7. Condo-Buying Walkthrough: Condominium Fees
  8. Condo-Buying Walkthrough: Finding Good Deals On Condos
  9. Condo-Buying Walkthrough: What Should You Spend On A Condo
  10. Condo-Buying Walkthrough: Obtaining A Mortgage For Your Condo
  11. Condo-Buying Walkthrough: Conclusion
Condo-Buying Walkthrough: Who Buys Condos?

Condo-Buying Walkthrough: Who Buys Condos?

While anybody can live in a condominium, this type of property ownership is especially attractive to retirees, young professionals and young couples.

SEE: Determine What Kind Of Home Suits Your Needs

Retirees
Condominiums are very popular among retirees, including those who are looking to downsize from their previous homes. A condominium community may offer many opportunities to socialize, and certain developments offer services that cater specifically to retirees and seniors. In addition, many retirees enjoy traveling, and the reduced maintenance associated with living in a condominium is attractive.

Frequent Travelers
A condominium may be appropriate for the frequent traveler for whom keeping up with routine maintenance would be a challenge. Additionally, a condominium unit owner may feel safer leaving the unit unattended for frequent or extended periods of time knowing that neighbors are present.

Young Professionals and Graduate Students
Young professionals and graduate students may be interested in condominiums that are located close to work or school. Condominium ownership may also be attractive due to social opportunities, the proximity to urban conveniences, and because condominiums are sometimes cheaper than a single-family home, while still offering plenty of space.

Young Couples
A condominium can be an ideal starter home for young couples. Like other condo owners, couples may find the social opportunities attractive and may enjoy the community facilities offered by the development. Young couples who are not planning or not yet ready to start a family may find the size and layout of a condominium unit to be more practical than that of a house.

Condo-Buying Walkthrough: Reasons To Buy A Condo

  1. Condo-Buying Walkthrough: Introduction
  2. Condo-Buying Walkthrough: Condo Characteristics
  3. Condo-Buying Walkthrough: Who Buys Condos?
  4. Condo-Buying Walkthrough: Reasons To Buy A Condo
  5. Condo-Buying Walkthrough: Choices When Buying A Condo
  6. Condo-Buying Walkthrough: Condo Features To Consider
  7. Condo-Buying Walkthrough: Condominium Fees
  8. Condo-Buying Walkthrough: Finding Good Deals On Condos
  9. Condo-Buying Walkthrough: What Should You Spend On A Condo
  10. Condo-Buying Walkthrough: Obtaining A Mortgage For Your Condo
  11. Condo-Buying Walkthrough: Conclusion
Condo-Buying Walkthrough: Who Buys Condos?
RELATED TERMS
  1. Party Wall

    In real estate, a shared wall that separates housing units. Party ...
  2. Homeowners Association Fee - HOA Fee

    An amount of money that must be paid monthly by owners of certain ...
  3. Time Sharing

    A hybrid form of ownership. A time share is the right to occupy ...
  4. Homeowner's Association - HOA

    An organization in a subdivision, planned community or condominium ...
  5. Floor Area Ratio - FAR

    The total square feet of a building divided by the total square ...
  6. Condominium Fee

    A maintenance fee charged by a condominium complex to cover the ...
  1. Can real estate agents help renters find rental property?

    Real estate agents offer renters a true advantage when searching for a new home as well as negotiating power when signing ...
comments powered by Disqus
Related Tutorials
  1. No results found.
Trading Center