Marilyn Ellis, CBR, CHMS, LMS, HAFA
RE/MAX Leading Edge | 781-944-6060 | marilynellis@remax.net


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 10/19/2017

Looking to purchase your first home? Not sure if you want to purchase a single-family home or a condo? What you purchase will be determinant on your thoughts about the below information. Take a look at the various differences between single-family homes and condos and decide the pros and cons for yourself. Location: Based on your price range, you will typically be able to purchase a condo in a location where you would otherwise not be able to purchase a home. But in return, you are often getting less square footage, closer by neighbors, and smaller outdoor living space. If you sacrifice a downtown city location for a location right outside of the city, you will get more for your money. Do you want to be able to walk to restaurants, shops and maybe work or is a home with free parking a more attractive option to you? It all depends on what is most important to you. Privacy: There will be less privacy when owning a condo versus a home, as neighbors are much closer. Condos typically share a wall with one another, some on just one side and some on both sides. This is an important detail to take into consideration when deciding between a condo and single-family home. Additional Costs: HOA fees or homeowner association fees are monthly fees that condo owners must pay. The fees cover things such as utilities, reserve and contingency funds, amenities, maintenance and repairs, which includes lawn care, snow removal, trash removal, exterior upkeep, etc. These costs vary depending on the condo amenities and policies. However, itís important to be aware that there is the possibility that these fees increase if there is not enough in the reserve to cover unforeseen costs. When owning a home, there are no HOA fees. This means that a homeowner needs to be cognizant of the additional costs of owning a home. Will you purchase a lawnmower and snow blower or hire a service? Will you have the additional funds to pay for unforeseen expenses? These are important questions to consider. Restrictions: Owning a condo has some limitations as there will be restrictions that would not exist when owning your own home (unless you purchase a historical home). There are often restrictions dealing with the exterior of your home, parking restrictions as well as having certain barbecues on decks. Condos are an attractive choice for those looking for a low maintenance lifestyle. And owning and maintaining a home will take more work on the homeownerís part. Itís important to figure out exactly what you want out of a home before you decide on one or the other, but knowing the difference between a single-family home and a condo is a first step.





Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/14/2017


31 Stevens Avenue, Lawrence, MA 01843

South Lawrence

Condo

$198,885
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Townhouse style living at its best! This condo is tailored for a "down sizer" or first time home buyer desiring a well maintained and updated property. The home features maintenance free vinyl siding and a shed along with a paved driveway for ample parking. Spend wonderful afternoons or evenings on the rear patio with just enough privacy. The kitchen and dining area has touches of color, lots of granite countertops and a wall of cabinets making it easy to host family gatherings. The large living room with hardwood floors will accommodate many furniture configurations. The size of the master bedroom showcases a four-poster bed, chaise lounge and spacious double closets as pictured making the room feel fresh and modern. The guest bedroom easily accommodates visitors or used as an office or even a nursery. The nicely finished basement as shown offers a real bonus to enjoy even more space as a great get-away, family or media room.
Open House
Saturday
September 16 at 1:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 31 Stevens Avenue, Lawrence, MA 01843    Get Directions

Similar Properties





Tags: Real estate   open house   Condo   Lawrence   01843  
Categories: Open House  


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/14/2017


31 Stevens Avenue, Lawrence, MA 01843

South Lawrence

Condo

$198,885
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Townhouse style living at its best! This condo is tailored for a "down sizer" or first time home buyer desiring a well maintained and updated property. The home features maintenance free vinyl siding and a shed along with a paved driveway for ample parking. Spend wonderful afternoons or evenings on the rear patio with just enough privacy. The kitchen and dining area has touches of color, lots of granite countertops and a wall of cabinets making it easy to host family gatherings. The large living room with hardwood floors will accommodate many furniture configurations. The size of the master bedroom showcases a four-poster bed, chaise lounge and spacious double closets as pictured making the room feel fresh and modern. The guest bedroom easily accommodates visitors or used as an office or even a nursery. The nicely finished basement as shown offers a real bonus to enjoy even more space as a great get-away, family or media room.
Open House
Saturday
September 16 at 1:00 PM to 2:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 31 Stevens Avenue, Lawrence, MA 01843    Get Directions

Similar Properties





Tags: Real estate   open house   Condo   Lawrence   01843  
Categories: Open House  


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/14/2017


31 Stevens Avenue, Lawrence, MA 01843

South Lawrence

Condo

$198,885
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Townhouse style living at its best! This condo is tailored for a "down sizer" or first time home buyer desiring a well maintained and updated property. The home features maintenance free vinyl siding and a shed along with a paved driveway for ample parking. Spend wonderful afternoons or evenings on the rear patio with just enough privacy. The kitchen and dining area has touches of color, lots of granite countertops and a wall of cabinets making it easy to host family gatherings. The large living room with hardwood floors will accommodate many furniture configurations. The size of the master bedroom showcases a four-poster bed, chaise lounge and spacious double closets as pictured making the room feel fresh and modern. The guest bedroom easily accommodates visitors or used as an office or even a nursery. The nicely finished basement as shown offers a real bonus to enjoy even more space as a great get-away, family or media room.
Open House
No scheduled Open Houses

Similar Properties





Tags: Real estate   Condo   Lawrence   01843  
Categories: New Homes  


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/7/2017

For many people, nothing beats condo living. As such, the demand for condos continues to grow, and many property buyers are relocating to condos across the nation.

Before you buy a condo, however, it is important to remember that condo living is different from living in a traditional house. Therefore, property buyers who plan accordingly can set realistic expectations for condo living.

How can a property buyer find out what it's like to live in a condo community? Here are three tips to help you prepare for condo living.

1. Learn About Condo Communities in Your Area

Condo communities come in all shapes and sizes, and you should take a close look at the condo communities in your city or town to find out what they're all about.

Even a quick drive through a condo community may prove to be exceedingly valuable. This will enable you to see the size and style of assorted condos, along with the distance between the properties themselves.

After you view a few condo communities, consider what you'd like to find in your ideal residence. This will enable you to compare and contrast your home must-haves versus what condos offer and map out your property search accordingly.

2. Meet with Current and Past Condo Owners

Do any family members or friends who currently live in a condo community? If so, schedule a meet-up with them so they can share their thoughts and views on condo living with you.

Nothing beats firsthand knowledge about condo communities. By meeting with current or past condo residents, you can better understand the pros and cons of condo living.

Be sure to come up with a list of questions before you meet with current or past condo residents as well. Remember, the more you prepare, the better off you'll be as you determine whether condo living is right for you.

3. Collaborate with a Real Estate Agent

A real estate agent has a simple goal: to help you find a residence that you'll be able to enjoy both now and in the future. As a result, this housing market professional can set up condo showings for you, allowing you to find out what it's like to live in a condo community.

In addition, a real estate agent can provide extensive details about what to expect if you decide to purchase a condo. This real estate professional can provide a copy of a condo community's homeowners' association (HOA) rules, inform you about any HOA fees and offer details about community pools and tennis courts that may be available to condo residents.

Perhaps best of all, a real estate agent is happy to offer honest, unbiased condo buying recommendations. He or she can provide you with plenty of information about a broad assortment of condos to help you make an informed purchase decision.

When it comes to browsing condos, don't leave anything to chance. Instead, collaborate with a real estate agent, and you can explore a variety of condos any time you choose.




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