by Rita
(Wisconsin USA)
Buying a house but well-meaning friends making it harder than it has to be? Here's the solution... In 2004 I sold a house in a suburb of a large metropolis that I had lived in for 30 years. I moved to an apartment in a rural area. This was a great move for me at the time.
I had lost my job and was having difficulty keeping up the house. What a relief it was to move to an apartment where I can make a phone call to fix any household maintenance problem that arises, rather than draining my pocketbook.
I am watching the housing market and it seems to me like it is a good time for me to rethink ownership. I am having a hard time trying to decide what type of housing to invest in. I am really opposed to doing outside maintenance myself, so I am considering some type of condo.
A friend told me to get a single home rather than a condo as the condo fees can skyrocket and the condo can even go bankrupt. She said that I can hire help to do outside maintenance for less than a condo fee. She also said that condos are much harder to resell and do not increase in value as quickly as single family residences.
Another friend said to go with a condo that has the higher condo fee as that means the condo association is providing more and/or higher quality services.
Sometimes I wish my friends weren't so "helpful". I am getting more confused and have stopped searching until I can get some better input.


Realtor | Lender | Inspector | Appraiser | Title | Insurance | Escrow
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