When you’re ready to buy one, there are many homes to choose from. One of them is a condominium, a building with more than one unit split up and sold as separate flats. In contrast to a single-family home, a person who owns a condominium also owns a share of the “common property.” This part of a condo offers special problems for buyers.
If you’re thinking about buying one of the condos for sale in New York, keep reading to find out more about them and what it means to own one.
Finding the Right One
The steps for looking for a condo are the same as those for looking for a single-family home. Meeting with a real estate agent can help you discover homes that you might not be able to find on your own if you already have a general idea of what you want.
If you like to do things yourself, you can look for condos for sale in New York on real estate websites. If you know which building or complex you want to live in, many have sales offices there. You can learn more about the condos and maybe even see a showroom.
Are They Good for First-Time Buyers?
For people who have never bought a home before, condos such as those at Fifteen Hudson Yards can be a good way to get started. Condo prices are usually lower than single-family houses, and condo owners get tax breaks just like people who own homes. People who are buying their first home may also benefit from condo features that they wouldn’t be able to afford in a single-family home.