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| The following is an article recently published in a local newspaper with additional information about Brookstone. Real Estate Dollars and Sense By Ryan Steinbach With the ups and downs of the stock market, some financial situations could be looking pretty bleak. However, at the same time, mortgage interest rates are at a near 40-year low. With these seemingly contradictory trends, it is inevitable that one’s mind moves to finances. Milt Petersen and his team at Brookstone Estates Condominiums strongly encourages people to stay in this frame of mind and picture themselves in a comfortable lifestyle that can actually improve their economic state. Owning a home equals having equity. The more a mortgage is paid off, the more equity the owner has, and more equity equals more peace of mind. It's a comfort a lot of people have had to fall back on and a lot more people wish they had it to fall back on. However, many people have convinced themselves that owning their own home is something they just can't do. Milt Petersen challenges those people to think twice about the equity they could be building as well as the money they could be saving by coming to have a look at Brookstone Estates Condominiums. Petersen prides himself on having one of the finest residential investments in Lake County, Indiana. In fact, he's willing to go "dollar for dollar" to prove it. "When you break it down dollar for dollar, owning a condominium makes a lot of sense." Petersen said. "You get all the benefits of owning, such as tax breaks and equity, and you spend less than you would on house payments and maintenance or rent in this area. Plus, you don't have to break your back doing your own maintenance. I mean, where's the disadvantage?" First, for anyone currently seeking a home, compare the prices of owning a house to the more economical choice of owning a condominium. "Monthly mortgage payments for a house can range anywhere from 800 dollars to upwards of 1,200 dollars and that's expensive.", said Keith Shorb, Brookstone Estates sales manager. "A condominium at Brookstone often carries mortgages as low as 600 dollars a month, depending on the down payment." However, that's just a fraction of the savings that can be enjoyed at Brookstone. Like every condominium development, Brookstone has monthly maintenance fees. Brookstone's fees are 135 dollars a month. That already beats the price of similar condominium establishments that often charge their owners 175 dollars or more a month. Now compare the service costs for a house. With the 135-dollar payment, Brookstone members get water, common area electricity, cleaning and insurance, trash removal, snow removal and lawn maintenance. For water, an average house owner can expect to pay at least 40 dollars a month, often more. For trash removal, it is another 30 dollars a month, snow removal and lawn maintenance have to be done by the owner or paid for at extremely high prices, and cleaning either needs to be done alone or a service needs to be hired for even more money. So the average house owner is investing a lot more money than 135 dollars, and always much more time for the upkeep of their home. |
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