People choose to purchase condos for sale in NYC over single-family homes and renting apartments for various reasons. You do need to determine if condo living is the right choice for you before you sign on the dotted line however, as it can be very different and something to get used too. There are a few things that you should know before you purchase a condo, so that you know exactly what to expect when you move into your new home.
Shared Responsibility
Unlike living in a single-family home or even renting, condo living means shared responsibility with other condo owners. This responsibility comes in the form of insurance and repairs around the community. Most condo communities have an association that takes care of things such as repairs and upgrades. Plus, you will never have to do lawn work again.
Subject to the Rules of the Association
When searching for condos for sale in NYC, you need to know that there are going to be rules for living in the community. The association has these rules in place to protect condo owners, but at times they can be a mite extensive. Some restrictions could include music down by 10 pm, registering any guests with security, and a no pet policy. Check out the rules of the community you are considering before you make a decision so you know if you can live with the rules that the association has the residents live by.
These are just a few of the things that you should know when searching for condos for sale in NYC. For more information on these things, contact the staff at Hudson Yards for answers and to make an appointment. They can also answer any questions you might have at that time.
