James Island is a popular spot for many when making a condominium or townhouse purchase. With so many communities to choose from. it can be difficult making a decision on which might be the best fit for you. With James Island Replica Balenciaga. its all about location. With close proximity to downtown Charleston. and being right down the street from Folly Beach. it is a favorite location for many. A lot of the CofC students (College of Charleston) and the MUSC students (Medical University of South Carolina) like the location of James Island Western Handbags . since the commute is normally 10 minutes or less. So lets take a look at a few of the differences between condominiums and townhouses. and try to determine what might be the best fit for you.
First of all Clutches Purses Handbags. whether yout want to spend a lot of time on maintenance or landscaping Wholesale Keyrings Handbags . then a condo may be a great choice for you. Be sure to know that when living in a condominium Wallet Handbags. you actually own a percentage of the whole condominium community. If there are 100 condos. and you own one. you own 1% of the community. There are covenants and restrictions set in place (rules or guidelines). that you must obey and are enforced. Typically. there are regime fees paid by the condo owners (you) that can amount to $350+ a month! These are the fees that pay for the use of the cabana. the pool. tennis courts. landscaping and maintenance. and any entry gate. Also included is hazard insurance for the exterior of the condo (normally from the drywall. out). exterior maintenance such as pressure washing. roof repair. siding repair. as well as the sidewalks and walkways around your condo. Some condo communities also have water usage included. So condominiums will be more expensive to live in per month Clutches Purses Handbags. on a whole. but this may be beneficial for you if you like all of those extras listed above.
Townhouses or townhomes are a little different. While sometimes similar in size and appearance to condos. townhouses do not have regime fees. You actually own the townhouse outright. and you are not a part of any regime. Typically. there arens per month. Also note that when there is a down real estate market or economy- the townhomes usually sell better than condos. For example: One townhome selling at 100K. and one condo selling at 100K with a monthly $250 regime fee. That $250 a month regime fee is tough to chew on for someone qualifying for a 100K place to live.
So there you have it. a minor breakdown of the differences between condos and townhomes. Like I mentioned. the choice is yours depending on your lifestyle. Be sure to take note of location obviously when choosing. but also find out if a condominium community is in litigation. On James Island alone. there are a few communities that are under litigation (a lawsuit). where the owners have sued for a specific reason. Normally. the lawsuit is for defective workmanship of the condo buildings. or something similar. VERY IMPORTANT: Which means if you are a seller...drum roll please...you have to sell your condo as cash only. A buyer will not be able to purchase a condo when it is under litigation. because the banks will not fund a loan when in this situation. So be careful when choosing!