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Primary Residential Mortgage, Inc.
10121 N Rodney Parham, Suites C & D
Little Rock, AR 72227
855-474-7169
501-225-5626
NMLS # 3094
Branch NMLS # 252910
Licensed by Arkansas Securities Department 11558
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Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Guide to Purchasing Your Condominiums In Tennessee

Tennessee Condominiums are usually located in urban areas like Nashville. It is an ideal option for people who are just starting out or who are a bit preoccupied with their work. Since the building management are the ones who take care of the unit’s maintenance, you have spare time to focus on other things. Condos are sometimes even located downtowns, making it ideal for people who likes to go out. They also provide great amenities and security, giving its unit owners some peace of mind. But what are the things that you have to consider when buying your own real estate like a condo?

Price Range

Condo prices range differently, depending on its location. It can be priced differently based on cities, neighborhood, and even states. Cities that are more developed tends to have a much higher price range than those that are not. So make sure that its location is suitable for both your work and personal lifestyle. It would be best that the condo that you’re purchasing would be near establishments like schools, hospitals or even your work place.

Maintenance Fees

When you buy a residential real estate like a condo, you own everything that is inside your unit. But the rest outside of your unit that is within the building’s vicinity are collectively owned by every one of the unit owners, including you. There are maintenance that needs to be taken care of like the landscaped green space, elevator maintenance and the fitness center. The maintenance fee is based on the square foot of your condo. So the bigger your unit is, the higher your maintenance fee is.

Market Value

If you are looking at it as an investment, it would be best to focus on some great renovating ideas for your unit space. Since all units are made the same, doing some renovations can actually make your unit stand out from the rest. Some renovating ideas that you can include would be the following:

  • Deluxe countertops made of granite, Corian, or Silestone in the kitchen. Adding stainless- steel appliances can also add value to your unit.
  • Eco- friendly cork, bamboo flooring or even hardwood throughout your unit’s floor area can also add to your unit’s market value.
  • Adding quality lighting and fixture add drama to some parts of your unit. However, make sure that you position each fixture or lighting on some focal points in your house. Putting chandeliers on low- ceiling condo units can only make your unit look and feel cramped.
  • Changing your unit’s doors to sliding doors can also help you set your unit above from the rest. Thinking of great ways on how to save space can make your house look larger than it is, making it more appealing to possible buyers.
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