Condominiums ? Should You Consider Purchasing One

Condominiums tend fall into the love them or hate them position for buyers. Here?s primer on condominiums.

Condominiums

Condominiums are all about communal living, which can be good or bad depending upon your personal views. This type of communal living doesn?t refer to the failed experiments of the sixties wherein hippies packed into a structure and shared everything. Instead, the modern condominium community is all about sharing common spaces as well as rules, rules and more rules.

Condominiums come in all shapes and forms. Condos can be found in a single high rise building in a downtown area or in an apartment complex type of layout in a planned community. The structure isn?t the determining point. Instead, the issue is how the properties are owned.

Unlike a stand alone home, the property lines on a condominium are the walls of the structure. Essentially, you own everything inside the condominium as your individual property. Everything outside the condominium is owned jointly with the people who own the other units. These areas are known as common areas and are subject to group rule.

Every condominium has a homeowners association in one form or another. The association has rules set out by the original developer regarding landscaping and so on. Members of the community are then elected to the board of the association, whereupon the immediately become a focal point of aggravation from individual owners and often wonder why they took the thankless job.

The problem with the association and condos in general is the issue of uniformity. If you desire to change the exterior of your condominium in some way, you must comply with the rules of the association. This means you cannot paint your property a different color, do landscaping and so on. For some people, this isn?t a problem, but others are frustrated they can?t express themselves.

When deciding whether a condominium is a good option for your next purchase, you need to carefully weigh the restrictions of a particular association. If you consider yourself an individual and want to show it, a condominium is probably a very poor choice for you.



Posted by Yvonne Beasley on December 13, 2008 at 12:00 AM

About Yvonne Beasley
Yvonne Beasley is affliated with Coldwell Banker Jackson Realty, which is located in Monroe, GA. For further assistance please use the contact information located on the right.



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Local Information for Monroe, GA

Latitude: 33.793295 -- Longitude: -83.71079


ZIP Codes for Monroe, Georgia 30655  30656 
Area Code for Monroe, Georgia 770
Time zone for Monroe, Georgia EST



Other Area Cities:   Monroe, GA  Loganville, GA  Winder, GA  Grayson, GA 

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As of the censusGR2 of 2000, there were 11,407 people, 4,287 households, and 2,983 families residing in the city. The population density was 425.1/km² (1,101.3/mi²). There were 4,637 housing units at an average density of 172.8/km² (447.7/mi²). The racial makeup of the city was 54.69% White, 42.24% African American, 0.21% Native American, 0.36% Asian, 0.04% Pacific Islander, 1.26% from other races, and 1.20% from two or more races. Hispanic or Latino of any race were 2.52% of the population. There were 4,287 households out of which 33.9% had children under the age of 18 living with them, 39.2% were married couples living together, 25.7% had a female householder with no husband present, and 30.4% were non-families. 25.7% of all households were made up of individuals and 10.4% had someone living alone who was 65 years of age or older. The average household size was 2.59 and the average family size was 3.07. -- Source: Wikipedia.com




Georgia 2000 Census Population Profile Map

Monroe Georgia United States
Population 11,407 8,186,453 281,421,906
Median age 32 33.4 35.3
Median age for Male 30.5 32.1 34
Median age for Female 33.3 34.6 36.5
Households 4,287 3,006,369 105,480,101
Household population 11,083 7,952,631 273,643,273
Average household size 2.59 2.65 2.59
Families 2,985 2,111,647 71,787,347
Average family size 3.07 3.14 3.14
Housing units 4,637 3,281,737 115,904,641
Occupied units 4,287 3,006,369 105,480,101
Vacant units 350 275,368 10,424,540

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Yvonne Beasley - Coldwell Banker Jackson Realty
Yvonne Beasley
Coldwell Banker Jackson Realty


316 North Broad Street
Monroe, GA 30655

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