Welcome to Best Estate Deals :

BestEstateDeal.com is a one stop destination for visitors, tourists, foreigners, acreage/property owners etc. who own or would like to own residential and commercial properties in India (outside India also), visit places as part of their journey/tour, plan their stay while tours and book rooms in hotels/lodges etc.

We also provide fully integrated solutions for property owners/investors, which include identifying and investing in the property, furnishing, renting, maintaining, selling etc.

House or condo, which is better for me to buy ?

Q: Why condo, Am I a tenant?

A: That is not true. Buying a condo means you are buying a part of the corporation, and hence are going to be an equal owner. True that you can be forced to move, in case, you are really disturbing/creating problems to the other owners. But this may happen with residential homes as well, if your neighbors complain repeatedly about smell, health concerns, or criminal behavior. The same holds true in condos and houses alike.

Q: Can a board force you to pay huge sum, arbitrarily, and without notice?

A: This may hold to be true. But be informed that the condo association is made up of owners who have the same goal as you... “Have a comfortable place to live that is building equity”. The condo association is nonprofit making association. They are owners like you, who are volunteering their time. There can, however, be "special levies" because of unexpected maintenance in the building. The same holds true of ahouse as well; the expenses just come from a different place. Ask anyone who owns a house how much it cost them for their last furnace, or how much they spent repairing the water leak, and replacing the shingles. The advantage in a condo association is that expenditure gets distributed among the owners, and every owner is forced to save money in advance for these repairs, through the reserve fund.