Woodbridge VA Condos – Should You Consider Purchasing One?

Woodbridge VA Condos and Woodbridge Condo Market

Condominiums tend fall into the love them or hate them category for local Woodbridge VA Home Buyers. There are many pros and cons for condos and and around Woodbridge VA. 

Woodbridge VA Condos 

Condos are all about communal living, which can be good or bad depending upon your personal views. This type of communal living doesn’t refer to the failed experiments of the sixties wherein hippies packed into a structure and shared everything. Instead, the modern Woodbridge VA condo communities are is all about sharing common spaces as well as rules, rules and more rules. 

Condominiums come in all shapes and forms. Condos can be found in a single high rise building or in an apartment complex type of layout in a planned community. There are many condo style townhouses in Woodbridge VA and also many of the stacked unit condos. 

Woodbridge VA Condos offer a maintainance free living and also there are Condo Communites in Woodbridge VA that offer a gated community. One of the few gated communities is Potomac Club in Woodbridge VA, accross the street from Stonebridge at Potomac Town Center. There are many more great condo communities, there are also brand new condos being built in Woodbridge VA right now. 

Unlike a stand alone home, the property lines on a condominium are the walls of the structure. Essentially, you own everything inside the condominium as your individual property. Everything outside the condominium is owned jointly with the people who own the other units. These areas are known as common areas and are subject to group rules. Having said that because you esentially only own the inside everything on the outside will be taken care off by the association, hence your maintenance free living. Additionally your home owners insurance will be relatively low, as part of your condo fees will go towards master insurance policy. 

Most Woodbridge VA condos offer great amenities which are paid for by the condo fees. Also, with most condos some utilities are included in the condo fees. Most of the time water, sewer and of course trash pick up will be included in the condo fees.

When deciding whether a condominium is a good option for your next purchase, you need to carefully weigh the pros and cons of a condo purchase. Woodbridge VA has many great condo communities one of the most popular condo community in Woodbridge VA is Potomac Club accross the street from Stonebridge at Potomac Town Center. Purchasing a condo or going with a regular townhouse or single family home is a very personal decision. Some people absolutely want to buy a condo as they love the live style and other are against purchasing a condo. 

Also when considering a condo, you have to realize that condo financing is a bit different from financing a single family home or a townhouse. Check with a lender to see if you qualify to purchase a particular condo.