One of the most fundamental questions when considering purchasing Ludlow VT real estate is whether to purchase a single family home or a condo. Although there are many factors to consider, the answer really lies in the buyer’s preference and lifestyle.
A condo might be a good fit for those in search of a more urban, low-maintenance lifestyle. Condos typically resemble apartments with several units in the same building or complex sharing amenities (although they can also be duplexes, free-standing buildings, etc.). Although there are monthly maintenance fees involved with condo ownership, that also means, owners are not responsible for any maintenance outside their own four walls. Because condos are a shared community, ownership is often limited to a specific space.
For many home-buyers, single-family homes offer more privacy and control. When purchasing a single-family home, the buyer owns the entire building as well as the land on which it sits. Likewise, this means the maintenance of the structure and the land is the owner’s sole responsibility.
Cute and Cozy single family on approx. 14 acres, with 1 bedroom, plus a finished upstairs that can be used for more sleeping room, game or family room. Updated bath, eat in kitchen, wood stove and very large wrap around deck with cedar hot tub,heated by woodburning unit.
Located across from the Black River surrounded by trees and a stream, only 9 miles from Okemo Mountain on the Shuttle Bus Route.
Own your own piece of Vermont with plenty of room for expansion!
Offered for: $199,900.00
If you are currently looking to buy Ludlow VT real estate, you probably have a good idea of the general range you can expect to spend on a home. So you might be surprised when a great-looking home shows up on the MLS with what seems like a shockingly low price tag attached. The extra-low price seems too good to be true and – most of the time – it is.
In many cases, the price you are seeing does not represent the actual asking price of the property. Rather, it is likely a property that is in “pre-foreclosure” and the amount listed actually represents the balance of the defaulted loan, or the amount the current owner is in arrears. Below is an excerpt from an article I found at Inman News that does a great job explaining how these properties end up on MLS search engines, and what you can do to spot them:
Summer has turned many people’s thoughts to second homes and Ludlow VT vacation homes. Unfortunately, though, encouraging statistics about the Ludlow VT vacation home market have been muffled under some of the negative news about the current economy and housing market.
According to the National Association of Realtors’ 2007 Investment and Vacation Home Buyers Survey, second-home sales accounted for one-third of all existing and new-home sales in 2007. A large portion of those purchases were vacation homes. So – why do families buy these “homes away from home?” The survey found that several factors go into the decision to buy a second home. Eighty-four percent of buyers wanted to use the home as a family retreat; thirty percent planned to use the home as a future primary residence; twenty-six percent want to diversify investments, and 25 percent plan to rent the home out to other families.
According to Lowes.com, universal design is the creation of products and environments meant to be usable by all people, to the greatest extent possible, without the need for adaptation or specialization. The intent is to simplify life for everyone by making products, communications and the built environment more usable by as many people as possible at little or no extra cost. Universal Design benefits people of all ages and abilities.
Think this is some “far out” theory just now working its way into the “modern” world? Think again: if you’ve ever walked through an automatic door, you’ve experienced a version of Universal Design. Likewise, a ramp or curb cut is just as welcome to someone with a baby stroller as it is to someone in a wheelchair.
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Happy 4th of July, Ludlow! Although this weekend is a time for fireworks and enjoying time with friends and family, it is also a time to remember what makes our country so great – our freedom. So as you gather with friends and neighbors on Friday, take a moment to thank our military—living and dead, at home and abroad—for the sacrifices they have made for us. Because, as we all know, freedom isn’t free!
Be sure to check out the events and activities happening this holiday weekend in Ludlow!
We’ll return to discussing Ludlow VT real estate next week; however, if you would like more information about Ludlow VT real estate, please call me at 802-353-1983 or visit ISellVermontRealEstate.com.