About Chicago Condos & Townhomes  
Living in the heart of Chicago means buying a condominium or townhome, and these properties come with a number of advantages.
One advantage of condos is that they generally allow you to buy more home for less money. Because condos spread building costs over many residents, they usually sell for 20 to 30 percent less than a comparable detached home with the same amount of livable space. In urban areas, condo and townhomes are often within walking distance to many of the city’s diverse amenities. Condos also offer lower maintenance and more convenience than traditional homes. Repair costs are shared by all residents through homeowners’ association fees. Condos offer amenities such as swimming pools, exercise facilities or 24-hour security that individual homeowners often cannot afford.
Townhomes blend traditional detached homes and condominium living. With many of the same benefits of condos, townhomes also allow you to own the actual land your home sits on and afford at least a little green space. Townhomes can be either single or multi-storied, and are attached on one or both sides to other houses. In Chicago, townhomes vary in size and architectural styles that will appeal to every individual.
Click on the buttons above to browse condos and townhomes in the Chicago real estate market.
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Disclosure Laws >Defects Must Be Revealed
Disclosure laws make it important to reveal all material defects when you are selling a home. It is important to be absolutely candid with your agent and all buyers about the condition of the property. If there is anything wrong with the roof, the plumbing, the wiring or structure, it will probably not remain a "sleeping dog". The problem will probably wake up, snarl, growl and snap at your ankles at the precise moment your buyers feel their first stirring of buyers' remorse.
It is unlikely that defects will go undetected, because most buyers get a home inspection before they are contractually obliged to complete the purchase. Even if the problems do not surface before the closing, your liability does not end after the closing for any defects you may have forgotten to report. Buyers almost never accept misrepresentation graciously, but they can usually deal with a house that is short of perfection if they know what they are getting into from the beginning. When selling your home, your real estate agent will provide you with a seller's disclosure form. Protect yourself by clearly describing any material defects prior to the sale.
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| Q |
The upper walls of what famous holy temple are lined with gold?
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| A |
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs. |
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