6 Things to Consider When Looking at Condos in Brooklyn

Let’s face it.  A lot of people like the idea of the easy lifestyle condos in Brooklyn provide.  While there are a multitude of positive reasons to buy a condo, many people are so glamorized by the idea that they fail to make sure condos fit their needs.

Before you jump in and buy one of the condos in Brooklyn, make sure you also consider what some people consider the downside to owning a condo:

1.  SpaceBuying a condo means sharing an interest in it.  What you own is your personal “box of air.”  The rest of the condo – the common areas – is shared between the other owners.

2.  Neighbors – Because you share walls and common areas, there’s a high chance that you’ll be able to hear them as they move about their own space.  You’ll run into them more often, and have to coordinate with them in issues regarding the common areas.

3.  Reselling – If you own a condominium and think you might resell it later, be aware that condos in Brooklyn are typically more sensitive to the real estate market and take longer to recover than traditional single family homes.

4.  Fees – You’ll have to pay monthly condo fees to take care of the maintenance of the common areas and for amenities you may not use, such as a swimming pool or fitness facility.

5.  Rules – All condominiums have CC&Rs, or Covenants, Conditions and Restrictions.  The CC&Rs may not fit your lifestyle.  They can include noise level restrictions, types of renovations, owning a pet or even the type of curtains you use.

6.  Association – Instead of property management professionals, the association is made up of homeowners.  It may be weak or inefficient, and you might have to get approval to make renovations or rent out your unit.

Condos in Brooklyn are great to own, but they aren’t for everyone.  Make an informed decision before buying one, and you’ll be a happy owner.

If you’re looking to buy the perfect condo, I’d love to help.  Call Charles D’Alessandro of Fillmore Real Estate (718)253-9600 ext.206 or email me at [email protected] for more information.

Charles D’Alessandro

[email protected]
tel 718 253-9600
fax 718 253-9573

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2 Responses to “6 Things to Consider When Looking at Condos in Brooklyn”

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  2. I love this web page. Many thanks for the great write-up. There are many things to learn and consider when buying real estate. I find Brooklyn Real Estate Blog a good place to start, Boise is certainly a terrific town to live in.

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