Karen Adelson - Barrett Sotheby's International Realty



Posted by Karen Adelson on 12/6/2016

When it comes to finding a place for you and your family to live, there have never been more options available than today. Banks and property owners have made living arrangements available and accessible to people of any lifestyle; whether you plan on staying in a home for just six months, or for the rest of your life.

It isn’t always easy, though, to determine which option is best for you. In this article, we’ll break down the financial and lifestyle characteristics of the four most common living situations: condominiums, townhouses, apartments, or owning your own home.

Condo living

Condominiums are a type of community living. But, they’re more than just an apartment that you own. Most condos are attached; meaning they’re not separated by yards and driveways. Some, however, are detached. One thing that is true for all condos, however, are the common areas throughout the development. This can include things like a park, yards, gyms, pools, or lounges and cafes. The best part about those amenities? You don’t have to worry about their upkeep.

So, since you own the condo, who pays for the common areas? Odds are, you’ll be paying a monthly fee or a homeowners association fee to upkeep the amenities your condo came with. Expect higher fees for better amenities and prime real estate location.

What about maintenance? Since you own the condo, you’re responsible for much of the interior maintenance, such as appliances. However, outdoor issues like roofing or siding are usually the responsibility of the homeowners association or property manager.

Condos are ideal for people who are somewhat committed to an area, and who want independence over their home without having to take care of all the landscaping.

Townhouses

Townhouses are in many ways the opposite of condos. They are often rented but they look like single family homes, complete with a driveway and front yard. There are also typically homeowners association fees for townhouses, but they can be significantly less since there are fewer amenities in a townhouse living environment.

Depending on your long-term plans, you can either rent or buy townhouses. Renting is usually a better choice for inhabitants who don’t plan on staying in the residence for more than a couple of years.

Homeownership

If what you truly seek in a home is independence and privacy then traditional homeownership might be the best option for you. If you own a home outright and don’t have to answer to a homeowners association, you get to choose what you do with your yard. There are of course, some limits to this, like getting additions approved by zoning boards, or trampolines signed off by your insurance company.

Financially, homes can be a good asset. They typically increase in value and allow you to build equity. You might also find them more financially dependable; rents can increase year after year, but your monthly mortgage payments typically won’t unless you choose to refinance.

Ultimately, buying a home is going to benefit you more the longer you stay there. So, if you plan on moving for work in the next few years, you might be better off renting.





Posted by Karen Adelson on 8/15/2016

This Condo in Arlington, MA recently sold for $265,000. This Loft style home was sold by Karen Adelson - The Higgins Group REALTORS ®.


993 Massachusetts Avenue, Arlington, MA 02476

Condo

$280,000
Price
$265,000
Sale Price

5
Rooms
1
Beds
1/1
Full/Half Baths
Best Deal in Arlington: Updated 1 BR, 1 and 1/2 BA loft unit boasts hardwood floors, kitchen with breakfast bar and a wine rack. Additional features include: cathedral ceiling, panoramic floor to ceiling windows overlooking the Mill Brook, a Master bedroom with a large walk in closet and an attached master bathroom, as well as deeded garaged parking. Enjoy living in proximity restaurants, shops and public transportation with convenient access to Cambridge and Boston. Pet friendly association! FIRST OPEN HOUSES: Saturday, May 21, 11:00 am to 1:00 pm; Sunday, May 22, 11:00 am to 1:00 pm. Agents, send your buyers.






Tags: Real estate   Condo   Arlington   02476  
Categories: Sold Homes  


Posted by Karen Adelson on 12/15/2015

Could condo living be for you? For many condominium living can be an attractive alternative to a single family home. The price per square foot of a condo is often less than a single family home. Before you make the leap to condo living make sure to do your homework to see if it truly is the best choice for you. Here is a checklist of a few things you may want to consider before signing on the dotted line.

  • Condominiums have monthly maintenance fees.
  • Check with the condominium association to see what the annual increase in the monthly maintenance fee has been for the past few years.
  • What is the percentage of residents are current with their monthly association payments. Look for about ninety-seven percent of the development's residents to be current with their monthly payments.
  • What percentage of the association fees are dedicated to a reserve fund. A good number would be at least 10 percent of the association's annual budget.
  • What are the condition of the condo's roof and major mechanical systems? When were they last replaced or repaired. When the condo requires big upgrades, costly "special assessment" fees are passed on to the homeowners.
Most importantly try and talk to some of the residents. They can be your most valuable resource for learning about the development's pros and cons of the condominium development.





Posted by Karen Adelson on 2/24/2015

Winchester, MA:

This Condo in Winchester, MA recently sold for $170,000.
This is a Hi-Rise style home and features 3 total rooms, 1 full bath, 1 bedroom, and was sold by
Karen Adelson - The Higgins Group REALTORS ®




Tags: Real estate   Condo   01890   Winchester  
Categories: Uncategorized  


Posted by Karen Adelson on 1/16/2015

An amazing opportunity to live in desirable Winchester! Rare terrace level condominium at Parkview, just a short stroll from your car through the Japanese garden courtyard to your patio and direct entrance to your home, lending tranquil views from the wall of glass in your living room. No need for the lobby or elevator. There is a granite kitchen, bath, and ample bedroom. Condo fee includes heat, air conditioning, electricity and a lovely pool to enjoy in the summer. All this just a sort walk to shops, town center, and train to Boston.

This is a Hi-Rise style home and features 3 total rooms, 1 full bath, 1 bedroom, and is currently available for $154,000.

For complete details click here.