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Flowery Branch, Georgia - Condominiums & Townhouses search results Premier Listings

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Important Terms about Condominiums

Condominiums are popular among people who want to combine the most convenient aspects of apartments and home ownership. They can be an attractive option for those who no longer wish to rent or lease the property they live in. If you're thinking of moving into a condominium, you may be confused by the unique terminology you may run into, so let's define certain key terms associated with them.

  • Condominium - A type of multi-unit housing in which each unit is owned by its occupant, who in turn holds partial ownership in the other areas of the building. It differs from an apartment building in that the residents do not rent but own the units. Each owner is responsible for the sale of his or her unit. They can also rent or lease the unit to another party.
  • Common elements - The areas of a condo that collectively belong to its residents. These can include pool areas and laundry rooms. Limited common elements are those allocated to some but not all of the condo residents.
  • Condo association - An organization involved in regulating various aspects of the condominium property, such as making repairs. Condominium residents are typically required to pay a monthly fee, often called an assessment, to the association. The association can be made up of condominium owners or professional managers. Sometimes called a homeowners association.
  • Reserve fund - The money set aside by the condo association for maintenance and repairs.
  • Waterfront condo - A condominium built next to a body of water, such as an ocean, lake, or river. Due to high demand, waterfront condos sales usually command premium prices.
  • Townhouse - A type of housing arrangement in which houses are set in a row and share walls.
    Community Associations Institute
    Alexandria, VA 22314
    Community Associations Institute (CAI) is a national organization dedicated to fostering vibrant, competent, harmonious community associations. Get networking and resources from our organization.
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    Cathy Glover Realtor
    5780 Windward Pkwy #100, Alpharetta, GA 30005
    I have been selling real estate for about 3 years and I work with both home buyers and sellers. I have experience with single-family detached homes, and attached townhomes, first-time home buyers.
    (678) 361-6456
    Northlake Homeowners
    100 Northlake Dr, Anderson, SC 29625
    (1) Review Write a review
    (864) 226-9364
    User Review: "High hoa fees however the security gates have not been shut since I lived there even though it is suppose to be a gated..." - Brandy (SC)
    Reserve at IVY Creek
    1869 Appaloosa Ln, Buford, GA 30519
    (888) 927-8110
    Preserve at Mill Creek
    1400 Mall of Georgia Blvd, Buford, GA 30519
    (678) 745-5558
    Discovery Point-Sugar Hi
    5864 Henry Bailey Rd, Buford, GA 30518
    (678) 482-8101
    River Run Condo
    2075 Pine Tree Dr, Buford, GA 30518
    (678) 482-6277
    Timberidge Condominium Assoc
    6301 Lakeshore Dr, Gainesville, GA 30506
    (770) 503-1805
    Clark Bridge Corners
    127 Senior Cir, Gainesville, GA 30501
    (770) 945-2907
    Gates At Sugarloaf
    1325 Satellite Blvd Nw Ste 1504, Suwanee, GA 30024
    (770) 623-4441
    Magnolia Walk Pool House
    1140 Havenbrook Ct, Suwanee, GA 30024
    (678) 682-3170
    Casa Vida
    2020 Lawrenceville Suwanee Rd, Suwanee, GA 30024
    (678) 407-2000
    The Gates At Sugarloaf Construction
    1325 Satellite Blvd Nw Ste 601, Suwanee, GA 30024
    (678) 381-2500
    Magnolia Village Apartments
    287 E Crogan St, Lawrenceville, GA 30046
    (888) 545-9487
    The Marquis at Sugarloaf
    2200 Satellite Blvd, Duluth, GA 30097
    (770) 744-3902
    Ivy Falls Condo Assn
    10475 Medlock Bridge Rd, Duluth, GA 30097
    (770) 418-1153

    Condominiums are essentially apartments that a person owns rather than rents or leases; they also might pay association fees to help with the maintenance of the building and grounds around the condos. Condominiums usually will contain kitchens, laundry rooms, and multiple bedrooms and can be very luxurious or have a very contemporary look. Condominiums also often come with 24 hour security services. Buying and selling condos is usually done by real estate agents but they can also be put up for sale by the previous owner. Condominiums differ from townhouses in the fact that condominiums can be high rises, multi-bedroom, or even similar to the style of a hotel, whereas townhouses usually only have one or two units per building and are houses rather than high rise buildings. Many new condominiums offer luxury features and can be found in any part of the cities including downtown. Real estate agents will also offer more services when dealing with purchasing condos rather than renting apartments. An excellent way to get more information about the differences between condos both old and new, townhouses, and luxury vacation sales is to speak with a real estate agent who has access to multiple listings in all areas. Other information can usually be found through online sites and sometimes brochures that include property for lease, condo listings, and vacation property for sale. Many people consider condos more of a home than apartments because they own them rather than rent them. Condominiums can include almost anything from luxury kitchens, multiple bathrooms, and can even come completely furnished. They may be downtown or in the suburbs and they can come in almost any size.
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