White Water Realty is your #1 source for condos for sale in Mission Viejo. Mission Viejo is located in South Orange County, making it easily accessible from Los Angeles and San Diego Counties. The City of Mission Viejo is one of the largest master-planned communities ever built in the United States and has a population of about 96,000 people. Mission Viejo enjoys a semi-arid/Mediterranean climate, with mild winters making it an ideal place to live.
Condos versus Single Family Homes
Condo is short for condominiums and offer different advantages and disadvantages from a traditional Single Family Home. Condos are typically shared pieces of property with individuals owning each unit. Many condominiums offer amenities such as pools, fitness centers and tennis courts. This often means less maintenance for you as the owner. You won’t have to deal with a lawn and other maintenance. Each condo community is different with their own community rules, association fees, management company and amenities. This usually means that the community will want you to sign a contract in addition to the typical sales contract. Since condos are on shared land, your proximity to your neighbors may be much closer than in a single family home. Many people choose condos because of the ease of lifestyle and buying one is typically less expensive than purchasing a single family home.
Association fees vary greatly, typically along the lines of how many amenities are provided. You’ll want to factor in association fees to figure out whether you can afford the condo or not. It’s important to know what the association fees include and exclude. Additionally, association rules will also vary. You’ll want to read these in detail to make sure that you are aware and will be able to comply. There are also special assessments, which are a large fee that is charged to cover a significant project within the community such as a new roof or exterior painting. You’ll want to know how your particular community handles this. Do they charge an increased monthly rate for a specific term to cover the expenses? Or will you be the large fee in one installment?
Long-Term Plans for a Condo
Although some people may think buying a condo less of an obligation than a single family home this is not necessarily the case. You’ll want to look at market trends. Is the market at or nearing its peak? Condos do not appreciate in value like a single family residence so if you are planning on moving in two years, this will factor into the overall decision.
Trusted Since 1973
Since 1973, White Water Realty has been the number one resource for condos for sale in Mission Viejo. Our motto is We Sell. We Rent. We Mange! Contact White Water Realty today for all your needs.