If you ask someone what exactly a condo is you’ll probably get an answer like, “It’s like an apartment, but you own it.” The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we can tell you that a condo (short for “condominium”) is a private residence owned by an individual or family in a building or community with multiple units. Most condos are part of a larger building but detached condominiums also exist. What all condos have in common is that they share common areas—such as yards, garages, rec rooms, or gyms—with other units that the condo owners don’t have to maintain themselves, making home upkeep that much easier. But this also comes with having to pay dues to a condo board who handle the hiring of landscapers, pool cleaners and other repairmen for anything that needs to be fixed. This is called a HOA and most things outside the walls of your unit is the board’s responsibility to fix. So if you’re looking into buying a condo, make sure to study up on the rules before you commit to your purchase. Check out below to see what sold in Bella Terra in June 2016:
50986 Almafi Court, Novi: 4 bedrooms, 2.1 bathrooms, 3,050 sq. feet, 3 car garage, Sold Price: $500,000
Bella Terra Home Sold
June 2016
Condos are not a great idea for fiercely independent people who like their own privacy and space, and don’t want anyone telling them what they can and can’t do with it because the board enforces the rules and regulations that owners agree to abide by when they purchase their condo. For more information on Bella Terra, or similar Northville or Novi neighborhoods such as Kirkway Estates, Hills of Crestwood and Bradford of Novi, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.