Is Condo Life Right For You?

New Jersey is a beautiful place to live with great winter sports in addition to fishing and camping in the summers. The Garden State attracts a lot of people looking to buy homes and condominiums. Condominium life is a bit different from owning your own house, but you will still be responsible for buying condo insurance NJ. Consider the advantages and disadvantages of condo living before making a purchase.

Condos have neat extras that homes do not. You may have a club house, laundry facilities, game rooms or even a swimming pool. These are nice options that you do not pay for directly and make condominium living extra special.

The close proximity of condo units to one another means that you will have close neighbors right next door. For those folks not into neighbors, you might reconsider whether condo living is for you.

Advantages of condo living include the pools, grassy common areas and kids’ play grounds, which are all maintenance-free to condo owners. You are not responsible for mowing lawns every weekend or repairing swing sets. You may however probably have to contribute financially to the upkeep of common areas.

Condominiums have condo associations and bylaws. The condo association even carries insurance on the condominium complex to cover the main structure and things like laundry rooms or common areas.

You will still need to purchase your own property insurance for some inside structural parts of your apartment and for your personal possessions if you decide to buy. A quick call to your insurance agent should help to get your condo insurance NJ set up and ready to go.

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