For starters, it is often easier to find a condo that is affordable and closer to your work and the things you enjoy doing, compared to a house in a less expensive area that involves a long commute each day.
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Los Angeles, CA (PRWEB) September 29, 2017
There are several reasons why first-time home buyers in Los Angeles are better suited for a condo rather than a house. “For starters, it is often easier to find a condo that is affordable and closer to your work and the things you enjoy doing, compared to a house in a less expensive area that involves a long commute each day,” said Berkshire Hathaway HomeServices REALTOR® Monty Iceman, who works with experienced homeowners as well as first-time buyers and sellers.
To further educate first-time buyers on the merits of condos, Iceman, one of the San Fernando Valley’s most successful agents, lists the following three tips:
No. 1: Landscaping and building maintenance are generally handled by the HOA. “And if you are able to find a top-floor and/or end-unit condo, that will generally feel very close to a house due to less common walls and potential noise,” added Iceman.
No. 2: The HOA is very important to consider when looking at a condo. The financial strength of the HOA can affect whether there will be an assessment down the road for maintenance or unforeseen repairs. “Make sure your agent verifies and explains what is and isn’t included in the HOA fees; for example, earthquake insurance is sometimes included, but not always,” stressed Iceman. “It’s generally worth the cost to have that coverage as part of HOA dues.”
No. 3: Potential resale value. Many first-time buyers live in a condo for several or a few years and then want to purchase a house. “If the HOA has strong financial reserves, there’s less chance that an assessment will make the property less desirable when you want to sell it,” concluded Iceman. “The ease of reselling it should be considered right alongside the purchase price.”
About Monty Iceman, Berkshire Hathaway HomeServices
Monty Iceman enjoys working with not only experienced homeowners, but also first-time buyers and sellers. A Luxury Properties Specialist, his expertise spans the San Fernando Valley and Westside of Los Angeles, from cozy condos to large estates. Berkshire Hathaway HomeServices offers the convenience of “one-stop” shopping. As an industry leader, Berkshire Hathaway HomeServices is committed to offering its clients the latest innovations in marketing and technology. For more information, call Monty at (818) 521-2568, or visit http://www.montyiceman.com.
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