Resale Condos
Most condos that are sold are existing condos. There are advantages and disadvantages of owning a existing condo.
-Advantages
- What you see is what you get.
- You can move in right away.
- Kinks are worked out.
- Established neighborhood
-Disadvantages
- You might not have some of features you want.
- The building might not look as appealing as a brand new structure.
- If the reserve fund is under funded then additional fees could be required for repairs.