Charlottesville Condos

Charlottesville condos at Arlington Court, Turtle Creek, Walkers Square, River Bend, Forest Lakes, Hollymead Square, Hessian Hills and everywhere else around Charlottesville

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Charlottesville Condos By Price

Charlottesville Condos from $80,000 to $199,999

Condominiums in Charlottesville from $200,000 to $299,999

Charlottesville Condo from $300,000 to $399,999

Condos in Charlottesville Va from $400,000 to $599,999

Charlottesville Condos from $600,000 and up

Albemarle County Condos

All Albemarle Condos

Bargamin Park Condos

Barracks West Condos

Glenwood Station

Hollymead Condos at Forest Lakes

Huntington Village

The Cottages at Jefferson Heights*

University Village

White Gables

The Woodlands of Charlottesville

Charlottesville Condos By Subdivision 

1800 Jefferson Park Ave Condos

Belmont Lofts

The Barringer

Carriage Hill

Eagles Landing

Four Seasons Condos

The Gleason

Hessian Hills Condos

River Bend Condos

River Run Condos at Pen Park

Queen Charlotte Square

Solomon Court Condos

Turtle Creek Condos

Villas at Southern Ridge

Walker Square Condos

If your version of the American dream doesn't include mowing the lawn, think about buying a Charlotteville condo. Good options for both first-time home buyers and older folks who are ready to downsize, most affordable Charlottesville condos are typically smaller and less expensive than a single family home, and can include attractive amenities as part of a home owners association (HOA), such as pools and fitness facilities.

Think about how long you're going to stay in one place. Buying a Charlottesville condo is no different than buying a single-family home--you need to live there at least a couple of years to recoup closing costs, assuming the property will appreciate.

Give some thought to what you want. If you're not interested in the pool or sauna, understand that the condo's price and ongoing monthly association fees will reflect their use regardless of your interest in swimming or sweating. Visit various Charlottesville condominium or Charlottesville townhouse communities so you know what's available where you live.

This way you'll get a good sense of prevailing prices. Request a market analysis from one of our Charlottesville condo agents regarding the selling prices of condos in the building or area.

Check the price appreciation on the market analysis to evaluate how quickly the condos are increasing in value; subtract the selling price from the purchase price and divide by the number of years the property has been held by the previous owner for a ballpark estimate of annual appreciation, if any (varies from state to state and place to place), in the neighborhood.
Get prequalified for a mortgage.

Find out if the building has a good reputation. Ask current residents how often repairs and maintenance are required, and how good the soundproofing is between units. Check out parking, storage, security and other amenities. Ask to see the minutes from a recent meeting of the home owners association (HOA).

Find out what the hot issues are and if members are fighting tooth and nail. You may want to keep looking-- nobody wants to live where neighbors are at each others throats. Ask how large the HOA's reserve funds (used to pay for maintenance and emergency repairs on the building) are. The larger the reserve, the less a chance of an assessment or one-time payment to chip in for an unexpected expense.

The smaller the reserve, the greater the chance you'll be billed for an assessment in the near future. Some states require periodic updates of reserves to be published to HOA members.

Check the HOA's history of assessments to see how many have been made in the past 10 years and how large they have been. This information will help you gauge how likely it is that you'll be assessed in the near future, and indicate how well-managed the building is. Better managed buildings make fewer assessments.

Talk to other members and find out how restrictive your HOA is. For instance, some buildings even dictate what sort of holiday lighting you can put up. Request the same information as you would for buying a house. Read the CC&Rs (covenants, conditions and restrictions). Budget in association dues, which are above and beyond your monthly mortgage payment.

To assist in long-term financial planning, ask the condo association whether association fees have increased in recent years. Also estimate monthly maintenance costs that you're responsible for in addition to the association fees. Make an offer and close on the deal and LIVE!

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