O’Connell Team - Wilmington MA Real Estate, Tewksbury MA Real Estate, Billerica MA Real Estate


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Common-interest housing includes individually owned spaces and common areas shared by all owners. The common areas can include clubhouses, landscaping, parking lots or pools. Multistory buildings share lobbies, stairwells, and elevators. Any community that shares property including single-family free-standing homes in developments, falls into the common-interest category. 

The two most familiar types of common-interest housing terms are condominiums (or condos) and townhomes (or townhouses). Although both belong in the category of common-interest housing, condos and townhouses may mean different things depending on regional or legal definitions.

The Difference

A condo is a shared building or group of buildings and common spaces in which housing units are owned individually. This could be a single unit within a tower building or a conjoined home having its own ground floor with exterior entry. Other homes in the condominium category include single-family cottages or even modular homes inside planned communities. When you purchase a condo, you own the unit itself while you are a co-owner of the common areas.

A townhome is a style of house that is connected to another structure on at least one side. It may be solely owned by an individual as part of a CID, part of a multi-family apartment dwelling, or individually owned without property in common. A true townhome is built with independent sidewalls that stand alone even if they touch the walls of another townhome. When you purchase a townhouse, you own the unit itself and whatever yard area is affiliated with it as you would with a detached single-family house.

While condominium units might incorporate elements like private outdoor spaces, individual ground-floor entry options or design elements that resemble those of a townhome, it is ownership that truly defines them. 

Homeowners’ Association 

All CID properties have a homeowners’ association (HOA) of some sort. While some are mainly hands-off with regard to individual units, others have specific regulations regarding renting, remodeling, and exterior décor. 

If you are trying to decide between purchasing a condominium or a townhouse, have your agent explain the differences in common ownership between them, and make certain to factor in the HOA fees to your monthly budget.



2801 Pouliot Pl, Wilmington, MA 01887

Single-Family

$389,900
Price

8
Rooms
2
Beds
2/1
Full/Half Baths
Open House Sun., Nov 10th, 1-3pm. MUST SEE INSIDE! Delightfully different in Shawsheen Commons! This attached single family is set back from the street featuring a flexible floor plan with privacy for everyone. A lovely farmer's porch greets you as you approach this warm & inviting home.The 1st floor offers an open concept kitchen/dining combo with gorgeous cabinetry, breakfast peninsula, upgraded counters, gas cooking & pendant lighting. The entertainment sized living room has laminate flooring and sliding doors to the outdoor deck. Two generous sized bedrooms & a full bath with jetted tub complete first level.The finished attic space (2 rooms with a 1/2 bath) and finished basement (3 rooms with a 3/4 bath) could serve many purposes...home office, teen hangout, playroom, game room, or hobby space. Wilmington is a "commuter's paradise" with easy access to several major routes & 2 train stations. Enjoy such amenities as a newer high school, Silver Lake & Yentile Rec Park.TOWN SEWER!
Open House
Sunday
November 10 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 2801 Pouliot Pl, Wilmington, MA 01887    Get Directions

Similar Properties



Once you decide to buy a home, you need to buckle in because you’re in for an emotional roller coaster. You need to be prepared for any type of situation. You’ll need to hunker down and save a significant amount of money for a downpayment. Securing the financing for your home will be at the top of your list. You just don’t want to find the home of your dreams only to find out that your offer is rejected, leaving you in a giant puddle of letdown. 


If you have already experienced the pain of having your offer rejected on a home, fear not. Below, you’ll find some of the most common reasons why offers get rejected and what you can do about it. 


You Can’t Afford The Home


If you try and get a house that you can’t afford, chances are that your offer will be rejected. You need to find a reasonable price point to shop for a home. Make sure that your real estate agent understands your budget and won’t show you homes that are above your budget. If you know you won’t be able to resist, you definitely shouldn’t risk finding a home that you love and is above your budget. 


There Was A Better Offer


Especially in highly competitive markets, it’s easy for bidding wars to arise. A “war” may be avoided if buyers offer an amount far above the asking price. You always want to keep your offer as close to the asking price as possible. Never assume that other buyers will bid lower than the asking price. If you think like a seller, you’ll have a better shot at getting the home of your dreams.     

 

Don’t Ask For Too Much


Nothing annoys a seller more than too many contingencies. Many buyers can get carried away here. It’s a good idea to speak with your realtor about the reality of what you hope to get in return for purchasing the home. Your agent can help you to figure out what’s a necessity to ask to be done in the home and what isn’t. 


You Didn’t Get Pre-approved


Getting that pre-approval letter is oh so crucial to finding the right home. The seller wants the process to go as smoothly as you do. That means you need to get pre-approved before you even head into the field to search for a home. Some sellers may also only consider bids made by buyers who have been pre-approved. 


If you do your research, you’ll be able to compete in any type of housing market. All you have to do is be prepared!  

  


To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit. 




2801 Pouliot Pl, Wilmington, MA 01887

Single-Family

$389,900
Price

8
Rooms
2
Beds
2/1
Full/Half Baths
Open Houses Nov. 2nd & 3rd 12-1:30pm! MUST SEE INSIDE! Delightfully different in Shawsheen Commons! This attached single family is set back from the street featuring a flexible floor plan with privacy for everyone. A lovely farmer's porch greets you as you approach this warm & inviting home.The 1st floor offers an open concept kitchen/dining combo with gorgeous cabinetry, breakfast peninsula, upgraded counters, gas cooking & pendant lighting. The entertainment sized living room has laminate flooring and sliding doors to the outdoor deck. Two generous sized bedrooms & a full bath with jetted tub complete first level.The finished attic space (2 rooms with a 1/2 bath) and finished basement (3 rooms with a 3/4 bath) could serve many purposes...home office, teen hangout, playroom, game room, or hobby space. Wilmington is a "commuter's paradise" with easy access to several major routes & 2 train stations. Enjoy such amenities as a newer high school, Silver Lake & Yentile Rec Park.TOWN SEWER!
Open House
Saturday
November 02 at 12:00 PM to 1:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 2801 Pouliot Pl, Wilmington, MA 01887    Get Directions

Similar Properties




2801 Pouliot Pl, Wilmington, MA 01887

Single-Family

$389,900
Price

8
Rooms
2
Beds
2/1
Full/Half Baths
Open Houses Nov. 2nd & 3rd 12-1:30pm! MUST SEE INSIDE! Delightfully different in Shawsheen Commons! This attached single family is set back from the street featuring a flexible floor plan with privacy for everyone. A lovely farmer's porch greets you as you approach this warm & inviting home.The 1st floor offers an open concept kitchen/dining combo with gorgeous cabinetry, breakfast peninsula, upgraded counters, gas cooking & pendant lighting. The entertainment sized living room has laminate flooring and sliding doors to the outdoor deck. Two generous sized bedrooms & a full bath with jetted tub complete first level.The finished attic space (2 rooms with a 1/2 bath) and finished basement (3 rooms with a 3/4 bath) could serve many purposes...home office, teen hangout, playroom, game room, or hobby space. Wilmington is a "commuter's paradise" with easy access to several major routes & 2 train stations. Enjoy such amenities as a newer high school, Silver Lake & Yentile Rec Park.TOWN SEWER!
Open House
Saturday
November 02 at 12:00 PM to 1:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 2801 Pouliot Pl, Wilmington, MA 01887    Get Directions

Similar Properties





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