Condos/Townhouses in the Metro Albuquerque Area
Condominiums and Townhouses can be a real bargain in the Metro Albuquerque Area, the trick is to determine if
they are the best housing choice for you. One of the biggest pluses of Condos/Townhouses is the ease of maintenance.
Most multi-family housing units have some kind of Home Owners Association (HOA) to maintain the property.
The HOA normally maintains the exterior of the building, the grounds, and any exterior features such as pools, clubhouse,
laundry facilities, etc. Most HOAs have a monthly fee of $100 or more to cover these expenses, generally the more the HOA
maintains, the higher the monthly fee. Condos/Townhouses tend to be good investments, so quite a few in the Metro Area
are occupied by tenants instead of the owners. There are quite a few Condos/Townhouses in the University of New Mexico
Area that are consistently leased to students at UNM.
Condos/Townhouses are also ideal for people who are downsizing and don't want the hassle of maintaining their home themselves.
With the HOA covering most of the building and the grounds, the owner just has to concern themselves with maintaining the interior of the unit.
Most owners just have to obtain the equivalent of tenants insurance to protect the contents of the Condo, the HOA insures the building itself.
Condos/Townhomes are located throughout the Metro Area and are available in a variety styles and price ranges.
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