San Marcos Condos

Written by Blaire Chandler-Wilcox
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Condominiums are but one housing option in San Marcos, Texas. Technically speaking, condominiums are privately owned apartment-style homes that share commonly owned areas. For instance, in a condominium complex, Apartment 2J would be owned by Bob Smith; the pool, clubhouse, and community grounds would be owned by Bob Smith and all his community neighbors.

More Buying Power

One major advantage of condominiums versus traditional single-family dwellings is that an individual's buying power is much greater. In other words, your $120,000 buys more "condo" than it buys "house." A $120,000 condo might include two bedrooms, two bathrooms, a gourmet kitchen, as well as shared interest in the swimming pool, the club house, the tennis courts, etc. In general, condos cost 20 to 30 percent less than detached single-family homes of the same square footage.

That's because when you buy a house, you're also buying the land on which it sits. When you buy a condo, you're only buying the living space, not the earth on which it sits. While some like the idea of being landowners as well as home owners, enthusiasts of condos praise the fact that their maintenance costs are much less than those endured by traditional home owners. For instance, when a traditional home needs new plumbing, the cost is shouldered by the home owner alone. In a condo, those expenses are shared between all the interested parties.

If you're interested in purchasing a condominium, experts recommend reviewing its operating budgets for the last few years, investigating its community laws and restrictions, and inquiring about the number of owners who actually live on the property. In general, it's said that a condo, new or otherwise, is only as good as its developer and management team. If the management company operates more than one condominium complex, drive by the others. Check them out. Investigate all the paperwork, and spend as much time on site as possible before making a decision. A quality, licensed San Marcos Realtor should be consulted at all stages to make sure that everything is as it should be. Buying a condo is San Marcos is a great investment; choosing a smart, qualified Realtor can make it a great experience.

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