Living in a home in Broomfield Colorado is a great choice with the gorgeous mountains to enjoy and great shopping amenities. All of the walking trails and golf course communities available for use make for a lot of different options about where to live. There are quite a few neighborhoods in Broomfield that offer great 5 star schools and lots of Broomfield community churches for families to be involved in. But have you given any thought to buying a condominium in Broomfield Colorado? Some people prefer condos over houses, and here is why.
The easiest way to think of condominium ownership is to envision it as an apartment unit you own. With condominium ownership, the owner has control, unlike an apartment setting. You have the control to paint the walls the colors you like, install carpet the color you want, want hardwood in the bedroom? Do it! These can be your choices if you own a condo. Your ownership of a condominium extends inward from your interior walls, floors and ceilings. You are a partner with all of the other owners in the complex, of the exterior of the building structure. You share the community amenities such as the swimming pool, clubhouse, tennis courts and you might just build a new stable of friends because of this.
Other benefits include equity in the property, which can build with each payment that is made over months, unlike rent, in which you own nothing, even after years of making rent payments. Traditionally, buying real estate in Broomfield CO communities appreciate over time. Another potential benefit, depending on the individual situation, is the tax advantage that may be realized by home ownership. Of course, be sure to check with an accountant or financial advisor for more information.In some areas, a condominium may be the only consideration that fits within your budget. The reason for this is simple. In general, the same square footage will cost less purchasing a condominium than it will in a single family home or townhouse, largely because of the land cost. A contractor can develop a lot more condo units than they can single family homes on the same plot of land.
Compare condo prices to residential homes in Broomfield Colorado. The average selling price for a single family home in Broomfield for September 2011 was $332,385 as opposed to $210,883 for condo sales. You can see all the information on Broomfield CO Sold Homes Information on the Homewerks Keller Williams website. If you are looking to buy a condo in Broomfield Colorado, then you will get a place to live for substantially less, and with no commitment to mow the lawn or paint the exterior of the building!
One of the requirements of condominium ownership is the payment of a monthly condo fee to a home owner’s association. They will be responsible for general repairs and maintenance for the common areas of the complex as well as build up a cash reserve for future needs for the entire condominium subdivision. In general, all exterior maintenance and repairs are the responsibility of the condominium association, although you will be charged for them through your monthly condo fee through your association dues or a special assessment (a one time charge assessed to all owners for example, replacing the community fence surrounding the complex). The normal day-to-day maintenance of the grounds (some examples are mowing the lawn, snow removal and maintaining the pool) is also the responsibility of the association. Interior maintenance of your condo unit would be your individual responsibility and interior repairs and appliances are up to you to maintain and replace.
Feel free to contact Janelle Werkele 303-668-3111 or Shaun Werkele 303-250-4735 for more information on buying a Broomfield condominium and we will be glad to give our experience and knowledge in real estate homeownership and help you choose and purchase a home for sale in Broomfield or Westminster, Thornton, Brighton or any other metropolitan Denver area that you are interested in.
Listing courtesy of PRUDENTIAL ROCKY MTN RLTRS
