Properties
tend fall into the love them or hate them position for buyers. Here’s primer on
properties.
Apartments
Apartments
are all about communal living, which can be good or bad depending upon your
personal views. This type of communal living doesn’t refer to the failed
experiments of the sixties wherein hippies packed into a structure and shared
everything. Instead, the modern Apartment community is all about sharing common
spaces as well as rules, rules and more rules.
Apartments
come in all shapes and forms. Apartments can be found in a single high rise
building in a downtown area or in an apartment complex type of layout in a
planned community. The structure isn’t the determining point. Instead, the
issue is how the properties are owned.
Unlike
a stand-alone home, the property lines on an apartment are the walls of the
structure. Essentially, you own everything inside the Apartment as your
individual property. Everything outside the apartment is owned jointly with the
people who own the other units. These areas are known as common areas and are
subject to group rule.
Every
apartment has a homeowners association in one form or another. The association
has rules set out by the original developer regarding landscaping and so on.
Members of the community are then elected to the board of the association,
whereupon the immediately become a focal point of aggravation from individual
owners and often wonder why they took the thankless job.
The
problem with the association and apartments in general is the issue of
uniformity. If you desire to change the exterior of your apartment in some way,
you must comply with the rules of the association. This means you cannot paint
your property a different color, do landscaping and so on. For some people,
this isn’t a problem, but others are frustrated they can’t express themselves.
When
deciding whether an apartment is a good option for your next purchase, you need
to carefully weigh the restrictions of a particular association. If you
consider yourself an individual and want to show it, an Apartment is probably a
very poor choice for you.
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