Milwaukee Condos


Milwaukee Condos Expert
Chris Haines
Milwaukee Executive Realty, LLC
Phone: (414) 339-1686
Email

The First Stop for Buying Condos in Milwaukee!

Milwaukee Condos - Chris Haines

Kilbourn Tower Condo

The real estate market has seen some big changes the past fifteen years. We've seen a bad market turn good, then it got really good and then it got irrationally good. However, just like what has happened in other markets, real estate saw a bubble and homeowners in Milwaukee, Wisconsin as well as the rest of the US have been dealing with the fallout. This bubble affected all areas of the real estate market. While homes in many of the metropolitan Milwaukee suburbs and neighborhoods have been adversely affected by the real estate market, condos have many times felt the pinch much more severely.

Although, things are looking up! Especially condos in the Milwaukee area! The activity in 2013 has been extremely positive and we are seeing a rebound happening in the real estate market in most sectors of Milwaukee. I have recently experienced bidding wars on condos which had totally disappeared in the previous few years.

I get a lot of questions from customers who are buying condos on how the monthly condo fees works. Usually, a condominium association's assessment is based on the number of amenities and the amount of maintenance required for the common areas. A building that has a concierge, in-ground pool, exercise room, well-manicured grounds and included cable TV service will most likely have a higher fee than one that doesn't have any of those. It is important to remember that a condo association usually operates as a non-for-profit organization. It doesn't exist to make money from the condo owners. It is also key for a condo buyer to realize that when he or she buys a condo that they take ownership of a unit plus a share of the common area elements. Additionally, they are most likely given voting right which gives them a say in how the association operates.

1522 N Prospect Condo

Another question that buyers of condos often ask is how they go about obtaining a copy of the condominium documents; especially the rules and by-laws. The process in Wisconsin is like ones in other states. Usually, when a person is ready to make an offer on a condo, they are able to get a copy of the association's Executive Summary. This is a high level view of the most commonly asked questions about a condominium association's rules. Questions like "can I have pets" or "can I rent my unit" are usually answered here. That takes care of the basics. Usually it is enough to get an offer going. Once a buyer has an accepted offer, the seller must then get required documents, including the complete set of by-laws and rules, to the buyer before closing.

Insurance is another consideration when buying a condo. When someone buys a house, they usually buy a policy that covers the entire lot as well as the house and any other buildings on the lot. In the majority of condos out there, owners buy a policy that covers the inside of their condo. The monthly association fees usually cthe common area insurance for the complex.

Milwaukee condos offer a wide range of choices for a variety of lifestyles. The person who doesn't want to do any exterior maintenance can find a huge amount of options. On the other hand, there are also opportunities for someone who wants a lot of the privacy of a house but doesn't want a large lawn to mow. Milwaukee even has condos that are actually single-family homes. These condos give an owner a house where the exterior maintenance is handled through the monthly dues.

Condos on the Milwaukee River

When buying a condo, a buyer will receive a set of documents. In most cases, an annual budget will be included in these documents. The budget is important to review. One of the financial considerations when buying a condo is the association's reserve fund. This fund is the rainy day money that the association keeps. In most cases, part of each monthly dues payment includes a contribution towards the reserve fund. This way there is money available when a major capital expenditure arises such as a parking lot resurfacing project, roof replacement, etc. An association that does not have enough money to ca major cost usually votes to approve special assessments on each unit owner. Some of the buyers I work with get nervous about the potential for these types of scenarios. However, it is important to realize that these expenses are divided among the unit owners where a homeowner would have to come up with all of the money for projects.

For more information about the purchasing of a condo, please call me at 414-339-1686.

North Shore Condos

Shorewood< $150,000$150,000+
Whitefish Bay< $150,000$150,000+
Glendale< $75,000$75,000+
Fox Point/Bayside< $150,000$150,000+
Mequon< $150,000$150,000+
 

Waukesha County Condos

Menomonee Falls< $150,000$150,000+
Brookfield/Elm Grove< $200,000$200,000+
New Berlin< $150,000$150,000+
Pewaukee< $150,000$150,000+
Waukesha< $150,000$150,000+
Condo Expert Chris Haines
Milwaukee Condo Expert Chris Haines

Android app on Google Play app

East Side, Eastern Downtown and Third Ward Condos
Zip Code 53202

Price RangeBedrooms   Price RangeBedrooms
< $300,0000+ 1+ 2+   $300,000+ 1+ 2+
 

Brewer's Hill/Riverwest Condos
Zip Code 53212

Price RangeBedrooms   Price RangeBedrooms
< $200,0000+ 1+ 2+   $200,000+ 1+ 2+
 

Bayview/Fifth Ward Condos
Zip Code 53207

Price RangeBedrooms   Price RangeBedrooms
< $150,0000+ 1+ 2+   $150,000+ 1+ 2+

South Condos

Hales Corners/Greenfield/Greendale< $75,000$75,000 +
Franklin< $100,000$100,000+
Oak Creek< $100,000$100,000+
St. Francis/Cudahy/South Milwaukee< $100,000$100,000+
Milwaukee Area Condominium Complex Listings
Bayside Condos
Bayside Commons
Bayside Woods
Brookfield Condos
Brookfield Lake
Plaza
Brown Deer Condos
Cherrywood Village
Rivers Edge
Royal Gardens
Cudahy Condos
Creekside
Crosswinds
Walnut Ridge
Elm Grove Condos
Elm Grove Terrace
Franklin Condos
Hidden Lakes
Tuckaway Creek
Tuckaway Shores
Whitnall Edge
Glendale Condos
Glendale Lakes
Green Tree Lakes
Manchester Village
Grafton Condos
Pine Ridge
Greenfield Condos
Cloisters Greenfield
Twelve Bridges
Hartland Condos
Bristlecone
Menomonee Falls Condos
North Hills Reserve
Ravenswood
Tamarack
Milwaukee Condos
1522 on the Lake
601 Lofts
Bay View Terrace
Beerline
Blatz
Milwaukee cont.
Bowman Lofts
Bradford Terrace
Breakwater
Cambridge Terrace
City Green
Cloisters Northwest
Coachlight
Cobbler's Lofts
Courtyard Square
Diamond Tower
Edgewater Terrace
Fenwick
Flatiron
Gallun Tannery
Gordon Knoll
Hampshire Court
Hansen's Landing
Harbor Front
Hartford Square
Hi-Fi
Milwaukee cont.
Kilbourn Tower
Knickerbocker
Lafayette Hill
Lake Bluff
Landmark on the Lake
Lanterne Court
London House
Lyon Court
Marietta
McCormick
Newport West
Parnell Woods
Parts House
Regency
River Renaissance
River Woods
Rivercrest
S2 Studios
Servite Manor
Servite Woods
Milwaukee cont.
Shoeworks
Sterling
The Broadway
The Edge
The Moderne
The Newport
The Point
Union Point
University Club
Van Buren City Lofts
Villa Du Cour
Warehouse 525
Warehouse Lofts
Water Street Lofts
Western Leather
Woodstock
Pewaukee Condos
Meadowbrook Village
Park Hill
Pewaukee Shores
Pewaukee cont.
River Park
Stillwater
Port Washington Condos
Lighthouse
Shorewood Condos
Metropolitan
The Legacy
St. Francis Condos
Park Shore
The Landing
Whitefish Bay Condos
Townhomes
     

equal housing opportunity
Chris Haines
Milwaukee Condos
Milwaukee Executive Real Estate, Luxury Homes, Foreclosures and Condominiums

2266 N. Prospect Ave., #602, Milwaukee, WI 53202
Phone: (414) 339-1686     Fax: (414) 214-7234
©2007-2016 Copyright
Chris Haines Find Chris on Google+