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What You Need To Know About Buying A Condo Or Loft

Buying a Condo Or Loft Hermosa Beach CA

Would A Loft Or Condo Be Right For You?

If you want to buy but are not quite ready to give up the access to amenities and low-maintenance lifestyle your rental offers, you may want to consider buying a condo or a loft. With these types of properties, you get to own the interior of the space but you do not have to worry about keeping up the grounds, cleaning the pool, or otherwise caring for outdoor areas. Here is a closer look at these two types of properties to figure out if buying a condo or a loft could be right for you.

  • Condo: Condos are individual units that are part of larger structures that were designed to provide housing. In essence, a condo complex looks almost identical to an apartment complex, but the people living in each unit own their space rather than rent it. In lieu of a landlord, the condo will have a homeowners association (HOA) to govern the complex, maintain its common areas, and collect monthly dues from each condo owner that go to maintain the property. Condo complexes often have amenities like clubhouses, pools, and gyms.
  • Loft: A loft is a space that was not designed for housing but has been converted to serve this purpose. That means that lofts generally have few interior walls, high ceilings, and large open spaces. A lot of lofts have been created from former warehouses and factory buildings that are conveniently located in city centers.

Do either of these properties sound like a fit for you? Home buying—whether you buy a single-family home, townhouse, loft, or condo, it comes with a lot of paperwork. Why make it harder on yourself than it has to be? To get escrow experts on your side who can make closing on your new condo or loft a breeze, contact Brighton Escrow in Hermosa Beach, California.

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