Even though the housing market is showing signs of recovering, many people are still wondering if they should buy a home or a condo. Buying either one is a big investment, and it’s important that you know all of the facts about being a homeowner and owning a condo before you call Jacksonville movers to help you pack.

Get the Facts Straight

Homes come with mortgage payments, and condos come with maintenance fees. Those maintenance fees have to be paid every month, so make sure that you know exactly how much you’ll be paying. You’ll also want to move somewhere where the maintenance fees haven’t gone past the general rate of inflation. If you are strongly considering buying a condo, it’s best that you find a development where at least 90% of the units are owner occupied.

Live With Responsible Owners

Do your research to make sure that a majority of the condo owners have paid up their monthly payments. One thing about owning a condo is that you’ll have to make up the balance if some of the other condo owners haven’t paid their monthly payments. You should also buy a condo where at least ten percent of the HOA yearly budget is put back for maintenance and repairs down the line.

Owning a condo might be a much better deal for you than buying a home. In either case, Jacksonville movers from All My Sons are right here to help you move into your new place.