townhome hunting????? - Chicagoland Sportbikes
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post #1 of 13 (permalink) Old 01-04-2004, 04:15 PM Thread Starter
vrrooooooom!
 
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townhome hunting?????

anybody know a decent area to buy a townhome for like no more then 125 in the chicagoland burbs area? more northwest burbs. I need a place! looked on realtor.com and found nothing
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post #2 of 13 (permalink) Old 01-04-2004, 04:18 PM
stuck in 6th gear
 
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use a realtor and let them do all the work for you to find a place. no $$$ out of your pocket since the seller is the one paying their commission. I'll PM you who I used.
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post #3 of 13 (permalink) Old 01-04-2004, 04:26 PM
 
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Be very careful buying a place in those lower price ranges. Look at the quality of the construction, and signs of water damage, old windows, and older appliances (furnace, A/C, HWH, W/D)... unless you plan on putting at least $10k into it within the first 2 years.

I learned my lesson when I bought a place for $115k in the South Suburbs.

Location, location, location.... make sure that partucular development is still increasing in value... not stagnant due ot condition, old age and poor early '70's contruction (cheap all wood frame)
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post #4 of 13 (permalink) Old 01-04-2004, 05:13 PM
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Shouldn't the be in the weapons and hunters forum?

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post #5 of 13 (permalink) Old 01-04-2004, 05:40 PM
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Keep in mind, with the price range, you may be better off buying a regular house. Townhouses have maintenance fees that can be pricey. I've seen $300 a month maintenance fees. For that you can buy a house 30,000 more.

Do what Ernie said, contact a realtor. They know how to match what you need with what is out there. They may know some options that you have not thought of yet.

Chris

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post #6 of 13 (permalink) Old 01-04-2004, 06:26 PM Thread Starter
vrrooooooom!
 
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coo, thanks guys

<------ Jason
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post #7 of 13 (permalink) Old 01-04-2004, 07:26 PM
 
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Quote:
Originally posted by Grover
Keep in mind, with the price range, you may be better off buying a regular house. Townhouses have maintenance fees that can be pricey. I've seen $300 a month maintenance fees. For that you can buy a house 30,000 more.
Chris
Very true... but keep in mind that the $300 fee will include things you need to pay for yourself otherwise... including additonal ho insurance, a snowblower, a chiropractor (yard work), lawn mower, garge doors, siding, roof, garbag removal, pavement and don't forget water is usually free.

Also I think you get a better bang for the buck on a condo in terms of property condition and square footage. A 1200 sq foot condo for $150k is pretty nice in middle class suburbs. A 1200 sq. foot house is typically older and not in great condition in the same neighborhood.
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post #8 of 13 (permalink) Old 01-04-2004, 07:30 PM
YO MAMA
 
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humm, i gotta check out my home policy, i wonder if i got ho insurance too?
god forbid a ho dies in my house.

lol



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post #9 of 13 (permalink) Old 01-04-2004, 10:44 PM Thread Starter
vrrooooooom!
 
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I've been finding some condos but no garage and I can't leave my 929 outside for someone to take damn damn

<------ Jason
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post #10 of 13 (permalink) Old 01-04-2004, 11:53 PM
 
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Well since nobody has really given you a location... heres a couple out this way... There are some nice condo's called lake in the woods in Darien w/ underground garages, I know they under 150k - probably around 125k - close to 355 55 294 88 290 - I know out in the east side of Aurora there some pretty nice townhouses and also on the far west side of aurora. There's always plainfield-joliet-romeoville area, but thats quite a haul from schaumburg. Lemont's got some nice stuff, but its getting pricey out there and watch out for the construction. Down by sean kaleys there are some townhouses going up (RT 83 and I-55). I dont know up north too well, but it seems most stuff up there near major hwys gets pricey, especially in new construction townhouses.

Look around, there's stuff hidden everywhere. I never knew how many townhouses/condos were in my area till I began delivering pizza's out here and really got out on the roads. I could think of atleast 25 townhouse developments within 10minutes of me alone. Contact a realtor, thats your best bet, especially if you dont know the areas.
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post #11 of 13 (permalink) Old 01-05-2004, 08:21 PM
Ron
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Quote:
Originally posted by trey
I've been finding some condos but no garage and I can't leave my 929 outside for someone to take damn damn


Trey, ck your PM's sorry for the delayed response.

Ron

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We must not confuse dissent with disloyalty. When the loyal opposition dies, I think the soul of America dies with it.

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post #12 of 13 (permalink) Old 01-06-2004, 10:32 AM
 
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Townhomes in the NW Burbs with garages start in the 160's from what I have seen. You will have to move really far away to get in the 125k range. It would probably be a suburb of Rockford instead of Chicago. A unit is selling in my building in Schaumburg that can be had for somewhere in the 160's I think, PM me if you are interested. Great location and it has a garage.
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post #13 of 13 (permalink) Old 01-06-2004, 11:19 AM
 
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Condos are pretty hard to come by (affordable ones, that is). I looked for six months last year and finally found a nice one after getting a few snatched out from under me, or making an offer 20 minutes too late. It really is all about location. Also, you may be able to buy an older place, but the association fees will be higher. If you choose to buy newer, the assoc. fees will be lower, but you will pay significantly more for the place.
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