Pros and Cons of Living in a Condo4793445
Ready to look for a new place to live? Maybe you are 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 here:
Pros of Living in a Condo
1) Safety. Condominium complexes frequently provide safety services, whether it's a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You might really feel safer in a condo understanding the property managers maintain watch.
2) Amenities. To entice residents, condo complexes will offer attributes like a swimming pool, fitness center, and a clubhouse for hosting events. Some communities might 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 may also have options to customize the way your condo appears by selecting schemes of wallpaper, tile, and carpeting.
4) Comfort. If you plan to scale down, condos offer you a spacious property that is not overwhelming. You can be comfortable without feeling like you're hoarding everything. Also, complexes these days have a tendency to build shops within their neighborhood, so you can walk to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Problems. Depending on where you live, your condo may 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 might have a tough time adjusting. Of course, poor neighbor dangers are not limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do spend fees to preserve amenities, spend for security and employees. If you're on a spending budget, you should note whether or not or not you can handle these payments.
3) Assessments. Most condo complexes are topic to assessments that determine if repairs require 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 thoroughly search your options before deciding on a place.
