Pros And Cons Of Buying A Condo In Temecula

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Pros Of Buying A Condo In Temecula

In Temecula, condos can be a viable option for many homebuyers. In this blog post and video, we will go over the pros and cons of buying a condo in Temecula.  Depending on the situation, condos can be very beneficial for many people. At the end of this blog post, we will have a condo home search that will show you every single available condo on the market in Temecula and the surrounding area. If you are interested in purchasing a condo please reach out and we can guide you and give you the best Guidance.  with our years of selling and Appraisal experience, we will make the condo purchase a successful one.

Condos Are Low Maintenence 

One of the pros of buying a condo in Temecula is the lack of maintenance. Most of the time, your HOA is going to take care of all the outside grounds and even termite,  painting, and roof maintenance in some cases. Condos are often very beneficial to people who travel or a younger couple that does not want to spend time mowing lawns for gardening.

Community Amenities

In Temecula, one of the great things about buying a condo is the amenities inside the condo grounds. Most of the condo complexes in Temecula will have community pools, hot tubs, BBQ areas, Sports courts Etc.

Temecula Condos Are A Great Way To Meet People

 One of the great things about condo complexes that we have learned firsthand is the opportunity to meet new people. Often times on a Saturday or Sunday many of the residents will spend time at the pool or barbecuing.  If meeting people is an important part of your lifestyle condos in Temecula often give you this

Condos Usually Cost Less than A Home In Temecula

Generally speaking, condos in Temecula are going to cost less to purchase when compared to single-family residences.  This is a great option for people who have a limited amount of resources to put down or want a lower monthly payment.

Outside Maintenance Taken Care Of

As mentioned above, many times condo complexes take care of painting, termite work or roof maintenance with your hoi. Make sure to verify this before purchasing if it is important to you. Any type of Maintenance obviously costs money and having these three things taken care of can save money over the long term. 

Temecula Condo Complexes Are Often Gated

Most condo complexes will be gated. Whether this adds an extra layer of security or not is up for debate but can definitely give you peace of mind.

Cons Of Buying A Condo In Temecula
Condos Usually Have Small Yards

Usually, condo complexes will have a small yard.  we find that this does not work for people who have larger dogs  Or that like to entertain a great deal. Before buying a condo in Temecula make sure that a smaller yard will work for you.

You will also have instances where the condo complex is located on the second floor, in these cases, you will not have a yard at all. Usually, a small patio that will fit a barbecue and a few chairs is all you’ll have when it comes to outdoor space.

Harder To Resell

The buyer pool for condos in Temecula is going to be smaller than single-family residences. This will not help your case when it comes to resale. We are not saying that it’s a huge negative but when 70% of buyers are looking for an SFR, it does make it a little more difficult for resale especially in a down market.

Higher HOA’S in Temecula Condos

In Temecula, for a single-family residence, HOAs are going to run around $100 per month. With condos,  the HOA per month is going to be on average around $300. For many people, this is definitely going to be a negative. People do not want to spend this amount on an HOA, especially if they aren’t going to use the amenities. That extra $200 could be used for your monthly payment on a loan for a single-family residence.

Parking 

When buying a condo, figuring out parking is very important. Often, condos do not even have covered parking. some condos do have a one or two-car garage or carport-style parking.  be sure to verify how many parking spots each condo complex is allowed if there is no garage. If you do not want your car out in the elements,  this could be a huge negative when buying a condo in Temecula.

Second Floor Units In Temecula

As we mentioned earlier, many of these condo complexes have first and second-floor units. This could be a huge negative for many people. First, walking upstairs just won’t work for many people. Also, having somebody above or below you is not an ideal situation. 

Not Pros or Cons, Just Preference

In a condo complex in Temecula, many of the residents will be younger people, single and less likely to have young children than single-family residences in Temecula. This is not necessarily a good or bad thing, just what you will find with this type of living. 

Great For People That travel

If you are somebody that travels a great deal condos in Temecula can be a perfect fit for your lifestyle. With low maintenance and not a lot to worry about you can leave and come back not have to stress about taking care of things or high maintenance. 

Harder To Find Condos That Are FHA Approved

Many condo complexes are not FHA-approved. This is a problem because the three and a half percent down that many people are attracted to will not work. There are however 3% and 5% down conventional loans that work. The condo complex essentially has to be FHA-approved. It’s not impossible but 30 to 50 percent of condo complexes will not close if the buyer has an FHA loan. This is something to think about and verify before making offers on certain complexes.

Thank you for reading our blog, if you have any interest in moving to Temecula or the surrounding area please read the  Google Reviews here for Greenleaf Real Estate & Appraisal.

We are licensed as both Real Estate Brokers & a Certified Residential Appraiser. We love what we do and will bring a great deal of passion, experience and expertise to the table for you.

Price Change - a week ago
$604,000
3
BEDS
3
TOTAL BATHS
1,512
SQFT
44108 Calle Allicante Temecula, CA 92592
Condo For Sale
- Active

Amazing 2 Story Home - 3 Bedrooms, 2.5 Baths, 1,512 sqft. This home gets amazing natural light. Enjoy a modern kitchen with granite counters, stainless appliances and a stone/tile back splash. The living space has wood floors, while the bedrooms feat

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BEDS
3
TOTAL BATHS
1,649
SQFT
31880 Calle Luz Temecula, CA 92592
Condo For Sale
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This very beautiful condo is located in the highly desirable Alegre community within Paseo Del Sol! Upon entry there is a 1 bedroom with a bathroom which has a shower. Nice covered patio off the bedroom. 2nd floor you will be amazed by the gourmet ki

Price Change - a week ago
$636,000
3
BEDS
3
TOTAL BATHS
1,649
SQFT
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Built in 2015, this Temecula three-story home offers granite countertops, and a two-car garage.

New Listing - 3 weeks online
$375,000
2
BEDS
2
TOTAL BATHS
1,040
SQFT
42140 Lyndie Lane #17 Temecula, CA 92591
Condo For Sale
- Pending

Beautiful 2 bedroom 2 bathroom 1,040 square ft condo located in the Palm Valley Community in Central Temecula! Coming into the home, you'll immediately notice the upgrades throughout the entire living area, custom highlighted paint scheme, upgraded l

$589,000
3
BEDS
3
TOTAL BATHS
1,739
SQFT
28055 Calle Lumina Temecula, CA 92592
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Located in one of the most sought after developments in Temecula, this 3 bed 2 1/2 bath home is essentially brand new as it was purchased as a second home by the original owner. Nothing about this house feel like a condo, with super-insulted construc

$465,000
2
BEDS
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1,101
SQFT
44726 Adam Lane Temecula, CA 92592
Condo For Sale
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Completely private with a serene view of trees from your living room and covered patio make this condo the perfect place to call home! Located at the back of the condo community ensures plenty of privacy. The condo offers 2 bedrooms and 2 bathrooms a

New Listing - 3 days online
$600,000
3
BEDS
3
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1,523
SQFT
27888 Avenida Avila Temecula, CA 92592
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GORGEOUS 3 bedrooom, 2 1/2 bath move-in ready condo with amazing views in the highly desirable Belvista community. Home offers many features including granite countertops, stainless steel appliances, island with built in wine rack in kitchen, newer

$480,000
2
BEDS
2
TOTAL BATHS
1,128
SQFT
42994 Calle Cristal Temecula, CA 92592
Condo For Sale
- Pending

Welcome to the desirable BelVista Condo Community! Perfectly nestled in Temecula near wineries, Temecula Promenade, Pechanga Casino & Resorts, and Old Town Temecula where there are plenty of shops and restaurants for you to enjoy. This beautifully ma

$424,999
2
BEDS
2
TOTAL BATHS
1,101
SQFT
31242 Taylor Lane Temecula, CA 92592
Condo For Sale
- Pending

***LOCATION, LOCATION, LOCATION***BACK ON MARKET***Buyer could not perform. Another chance to own this beautiful condo nestled in the desirable Temecula Creek Village gated community, just minutes away from the popular Old Town Temecula, the famous T

Price Change - 4 weeks ago
$490,000
3
BEDS
3
TOTAL BATHS
1,236
SQFT
31194 Strawberry Tree Lane #53 Temecula, CA 92592
Condo For Sale
- Pending

Welcome to South Temecula living!! Located in the beautiful gated community of Temecula Lane, this tri-level turn-key condo has an attached garage and backs up to open space greenbelt with views and trails. Entire condo was just renovated! New pai

New Listing - 2 weeks online
$399,995
2
BEDS
2
TOTAL BATHS
1,044
SQFT
44511 La Paz Road Temecula, CA 92592
Condo For Sale
- Pending

Charming end unit condo! The front yard space faces an open grassy area and has a separate privacy fenced backyard with a beautiful covered patio and mature trees and foliage. Two car garage attaches to the unit with easy access near the front door.

New Listing - a week online
$460,000
3
BEDS
3
TOTAL BATHS
1,889
SQFT
44583 La Paz Road Temecula, CA 92592
Condo For Sale
- Active

3 bedroom, 2 bath condo , 1 car garage and 1 covered parking in front of front door , large green belt behind home , with a gate to that space . pool , spa, City of temecula . Must see . See remarks

$520,000
3
BEDS
3
TOTAL BATHS
1,586
SQFT
44989 Bellflower Lane Temecula, CA 92592
Condo For Sale
- Pending

Wonderful tri-level condominium in the gated community of Temecula Lane. Enter into the main level to find the living room with media niche and dining area. Open to the living space is the kitchen, Corian counters, and breakfast bar. Level two offers

New Listing - 2 weeks online
$525,000
2
BEDS
2
TOTAL BATHS
1,071
SQFT
31153 Lavender Court #50 Temecula, CA 92592
Condo For Sale
- Active

This Temecula three-story corner home offers granite countertops, and a one-car garage.

New Listing - a week online
$525,000
3
BEDS
3
TOTAL BATHS
1,586
SQFT
31177 Black Maple Drive Temecula, CA 92592
Condo For Sale
- Pending

Welcome to this beautiful, upgraded, tri-level condo located in South Temecula's quaint and cozy community of Temecula Lane. As you enter with an open floor-plan, high ceilings, tons of natural lighting, spacious family room with a cozy fireplace, ki

New Listing - 2 weeks online
$575,000
3
BEDS
4
TOTAL BATHS
1,437
SQFT
31120 Black Maple Drive Temecula, CA 92592
Townhouse For Sale
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Welcome to this Absolutely Stunning 3-Story Townhome Located in The Very Desirable Gated Community of Temecula Lanes. This Unique Home Offers Three Levels of Living Space that Have been Fully Renovated! If you are Looking for Versatility in a Townhom

New Listing - 4 weeks online
$599,900
3
BEDS
3
TOTAL BATHS
1,733
SQFT
31221 Via Nubes Temecula, CA 92592
Condo For Sale
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Welcome to the elegant community of Rancho Soleo. Built in 2020 with paid off solar! This beautiful turnkey home includes all appliances and features a spacious open floorplan downstairs with a half bathroom and patio great for entertaining. There is

New Listing - 3 weeks online
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2
BEDS
2
TOTAL BATHS
1,372
SQFT
45392 Via Nubes Temecula, CA 92592
Townhouse For Sale
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Gorgeous 2021 built home nestled in the highly sought-after community of Rancho Soleo with so much to offer. This Plan 3 Cerro unit is well situated right across from community pool and club house within the gated community! Top of the line tasteful

New Listing - 4 weeks online
$550,000
3
BEDS
3
TOTAL BATHS
1,654
SQFT
33464 Winston Way #B Temecula, CA 92592
Condo For Sale
- Pending

Location, Location, Location! The impressive gaged living space located in the highly desirable gated community of Auberry Place in South Temecula, is created by a warm and welcoming interior and comes complete with a home office and glorious firepla

$575,000
3
BEDS
3
TOTAL BATHS
1,674
SQFT
41315 Ashton Circle #A Temecula, CA 92592
Condo For Sale
- Pending

~WELCOME TO AUBERRY PLACE~REDHAWK~ GATED SOUTH TEMECULA LOCATION~ Beautiful light and bright highly upgraded FULL 3 Bedroom, 2 and a half baths, South Temecula condo. Larger end unit with neutral tones in tile downstairs, wood flooring, plantation sh

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