Pros and Cons of Living in a Condo1256560
Ready to look for a new location to live? Maybe you're tired of renting, or recently got rid of some stuff and want to scale down your living quarters. Moving to a condo seems the logical answer after the kids have grown and left, or if you have graduated from college and want to start small. There are pros and cons to living in a condo, some of which are covered right here:
Pros of Living in a Condo
1) Safety. Condominium complexes frequently provide safety services, whether it is a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You may really feel safer in a condo understanding the property managers keep watch.
2) Amenities. To entice residents, condo complexes will provide attributes like a swimming pool, fitness center, and a clubhouse for hosting events. Some communities may also host social events throughout the year so you can get to know your neighbors.
3) Upgrades. Newer condo communities are typically built with much more innovative appliances and fixtures. You might also have options to customize the way your condo looks by selecting schemes of wallpaper, tile, and carpeting.
4) Convenience. If you plan to scale down, condos provide you a spacious property that isn't overwhelming. You can be comfy without feeling like you're hoarding everything. Also, complexes these days tend to build shops within their neighborhood, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Issues. Based on where you live, your condo might be backed up against another one, resulting in zero lot lines. If you have a neighbor who enjoys loud rock music or is usually parking in your space, you may have a difficult time adjusting. Of course, poor neighbor dangers aren't limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do pay charges to maintain amenities, pay for safety and employees. If you are on a budget, you should note whether or not you can manage these payments.
3) Assessments. Most condo complexes are subject to assessments that determine if repairs need to be made. The money to satisfy keeping the condos to code, of course, comes from the residents. Before you buy a condo, be certain it is not about to come up for assessment so you do not get stuck with a large bill.
4) Space. If you favor large, open spaces, you may find some condo models offer just that, but if you would prefer a grander, gourmet kitchen for your cooking or a garage to hold your lawn equipment, you will want to completely search your options before deciding on a location.
