Kew Gardens has emerged from the shadows of Forest Hills to become a major player in the Queens real estate market. This in-demand neighborhood has the tree-lined streets, quaint shops and residential feel that we love about Forest Hills, with a smaller price tag.
If you’re wondering how you can own a prime piece of Kew Gardens real estate, pull up a chair. Today, we are going to answer all of your questions about Kew Gardens condos.
What Is the Difference Between Kew Gardens Condos and Co-ops?
The most significant difference between condos and co-ops is ownership. If you own a condo, it’s that simple. Your unit is your own. If you own a co-op, you are technically a shareholder (we’ll discuss that in another post).
You will probably need a mortgage to finance a condo purchase, while a share loan is the key to a co-op. A real estate agent specializing in urban housing will guide you through these differences.
Who Is Responsible for Condo Maitenance?
Condo dwellers typically enjoy a low-maintenance lifestyle in exchange for a monthly maintenance fee. This fee generally covers common-area upkeep, exterior maintenance, some utilities and the cost of amenities.
We said “low-maintenance,” not “no maintenance.” As a condo owner, you will be responsible for your unit’s interior. You’ll need to budget money for these unexpected expenses in addition to your monthly maintenance fee.
What Type of Amentities Will I Have Access to in a Condo?
Amenities vary widely between Kew Gardens condos, but one thing is certain: If you want amenities, condos are a great place to find them! Popular perks include a doorman, fitness facilities, on-site laundry and of course, a coveted parking spot!
Are Condos Affordable?
Kew Gardens condos tend to have a lower price point compared to single-family homes, even after you consider the monthly maintenance fee. If you are house-hunting on a budget, it is worth your time to add condos to your list.
At Kew Gardens Realty, we would be happy to introduce you to condos in our favorite neighborhood! Contact us today to learn more.