Vision Statement
The Condo Connection (TCC) is a real estate business that specializes in servicing a niche market by offering Condominium, TownHome & New Home sales in all price ranges. While we serve DC, MD & VA, our core business is sales in Washington, DC.
With a fresh, avant-garde approach to real estate sales, TCC has an active presence in the condo market, with a knowledge & expertise that makes us proficient in condominium & real estate sales.
What makes The Condo Connection unique?
| We Service a Niche Market |
- Our focus and proficiency is in Condo and New Home sales in all price ranges
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| We Invest in our Clients |
- We invest time, resources and care in each client and are consistent in providing our clients with patience & professional counsel that addresses the client’s unique situation, and represent their best interest from start to finish, and beyond their transaction
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| We Are a Part of the Community |
- We represent and network with investors, developers, community leaders, and other progressive individuals who share our philosophy, approach and commitment to building progressive, multi-cultural, moderately-priced communities; doing our part to contribute to and maintain home affordability
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The Condo Connection welcomes your interest and business, and we want you to know that our dedication and enthusiasm for helping our clients achieve their goals and dreams will never waver. I look forward to our success as partners and as friends.
Be well,
Ty Harris, Managing Partner
The Condo Connection
ty@buysellprosper.com
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Condominiums
A condominium building is like an apartment building. However, instead
of renting your individual apartment (unit), you own it. Others
who live in the building also own their units. In addition, all
of the owners in the building collectively own the building and
share the common areas (hallways, laundry room, exercise room,
etc.). So when you invest in a condo, you invest not only in the
unit you’re purchasing, but indirectly in the units of others
and in the common areas as well. You invest in the philosophy that
collectively, all unit owners will help run your building and maintain
a satisfactory or even exemplary standard of quality for the benefit
of all owners.
Townhomes/Rowhomes
Located in or close to the city, the characteristic of these properties
usually are attached to one another, may have little or no front & back
yard (although many do have yard space), range between 2 to 4
levels with or without an English
Basement and/or a parking space. Townhomes are attractive because of their
close proximity to the city and public transportation. And while
Townhomes may not
have the yard space that many single family homes have, they compete (and exceed
in many areas) pound for pound with single family units with regards to square
footage and space.
New Homes
I doubt that you can visit any part of Washington, DC and the Metropolitan
area that is not aggressively renovating abandoned property, or converting
older houses
and buildings into Condominiums Townhomes, or single family homes. You can
see it everywhere, including downtown. These new homes, in all price ranges,
have
contributed to a significant amount of sales in our area. Purchasing a new
home has tremendous benefits and provides the buyer with an elevated level
of satisfaction
and quality of life, knowing that you are the first owner of a brand new
home. At The Condo Connection we keep abreast of new homes so
that we can present our
clients with some of the finest new home construction, in all price rages,
providing with them with more options and flexibility in their home search.
Cooperatives
A housing Cooperative is a corporation, owned and operated by its
members and formed to provide housing for its members. Ownership
of a cooperative
unit
is generally considered an interest in personal property because the cooperative
corporation has ownership of the entire building. This Co-op, in turn,
grants each member the right to occupy a unit. This is the most
significant difference
between cooperative and condominium ownership. One’s ownership interest
in the corporation and the right to occupy a unit is considered an ownership
interest in personal property and not in real estate. Nonetheless, the daily
operation and characteristics of cooperative and condominium associations are
very similar.
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Condominiums
PROS
- Condo purchases are less complicated, and
easier to
purchase
- Like apartments, condos require very low
maintenance, & are low worry
- Fewer home repairs & repair
costs
- Lower energy costs
- Condos fees pay for building management &
maintenance
- Condos compliment active, busy lifestyles
- DC’s new condos & lofts
have contemporary,
attractive finishes & layouts
- Condos are usually in &/or
close to the city with
quick & easy access to public transportation
- You can renovate
your condo to fit your taste &
lifestyle
- Condo communities provide a feeling of additional
security
- You can directly participate in your condo
association
- If you have an opportunity to purchase a unit beside
above or below you, you can open up your space &
increase your unit’s value significantly
CONS
- When the condo association or the management
company does not do a good job of managing the
building, it is reflected in higher condo fees that you
will be required to pay
- Since condo fees pay for the operation of the condo
building, when condo unit owners do not pay their
condo fees, it affects the ability of the building to pay
its operating expenses and each condo unit owner is
adversely affected
- Repairs within the unit are the responsibility
of the
owner
- Condo owners have to comply with community rules &
bylaws (i.e. no pets)
- You have no control over when building items
need to
be repaired (for example: the roof, community
washing machines, elevator, etc.)
- You cannot add additional space
to your condo unit
(unless you purchase a unit beside, above or below
your unit)
- Some Condos (Co-ops) charge a move-in fee ranging
from $100-$200 which may or may not be refundable
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