Smart Moves for Seniors

An Open Resource and Meetingplace for Seniors Thinking About Moving On With Their Lives and provided by Lois Patton, Licensed Real Estate Salesperson and Certified Buyer Representative with Albany Realty Group, Albany, New York. Also visit us at www.albanyrealtygroup.com or call 518-459-4564.

Wednesday, June 14, 2006

Are you looking to downsize and make your life simpler? If you are tired of mowing the lawn and handling all of the maintenance on your home yourself you may want to consider buying a condominium or townhouse. Townhouses or condominiums often come as part of a homeowner's cooperative where, for a monthly fee, an amount of maintenance or other services are taken care of and included in the purchase price of the home. There are advantages and disadvantages to these units, but often the advantages outweigh the disadvantages for those seeking to reduce the responsibility for managing your property solely by yourself.

Friends moved to a townhouse about a year ago and they are pleased with the reduced level of responsibility and work but they also must comply with the regulations of the governing board with regard to types of plants or lawn and yard decor they are permitted to have. So, before you get too serious about this kind of housing make sure you read the fine print which delineates what the monthly owner's fees cover and what an owner's restrictions on the property will be.

A realtor can provide a good amount of guidance and insight when it comes to various housing options,including townhouses and condominiums. Give me a call (518-859-5759)and let me know what your questions and concerns are. No obligation for the conversation or call. I would love to help you clarify your goals, needs and wishes and provide some insight in this regard. Alternatively, drop me a line here and let me know your concerns.

Have a great day!

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