Even though there are many single family homes available in Oakland, the supply in the last few years has been significantly lower than the demand, thus creating a great deal of interest, and in many cases, serious competition among buyers, ultimately raising prices for the existing stock. Â
However, as this trend has developed, Oakland has also been the source of an evergrowing selection of condominiums, townhouses and lofts, especially in the new and vital downtown area, that is proving to be quite attractive to potential buyers and homeowners. With the Booklyn Basin project in development, there is, and will be, an amazing range of housing opportunities to choose from. Â Â
 There are many reasons to consider this housing choice:
1. Financial: Whether you choose a loft or condo, or townhouse, there is a financial advantage. Â These are often a buyer's first step in establishing a home equity. Â Their initial price is usually significantly more reasonable than a single family home, even when you add on homeowner association fees. Â They are also attractive to older couples who want to preserve much of their present home equity, and step down into cozier quarters that require little or no maintenance. Â
2.Amenities: Many condos or townhome complexes have a very attractive selection of amenities that are simply not available with private home ownership. Â Choices include pools, gyms, meeting and party rooms, and doormen. In the downtown area, additional benefits include being close to work, shopping and restaurant choices, museums, Lake Merritt, Jack London Square, and more. Â
3. Updating: Many of the condos or townhomes are often in classic style buildings which have, while keeping their handsome exteriors, updated the interiors to fresh, light and airy living spaces. Â Newer condos have also developed as much open space and exterior views as possible. Â
4. Property Values: The presence of a homeowners association, and established bylaws and procedures, will see to it that your property values are protected. Â By making sure that all the necessary maintenance and required upgrading in and around the building is carried out on a set schedule, you will be assured that your property is always up to the required criteria of quality. Â Â
TO GET YOU STARTED IN YOUR SEARCH, I HAVE DEVELOPED A SPECIAL WEB PAGE FOR YOUR REVIEW THAT HIGHLIGHTS YOUR CHOICES:
                       OAKLAND CONDOS AND TOWNHOMES FOR SALE
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Posted by Bruce Wagg on
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