Pros and Cons of Living in a Condo5773026
Ready to look for a new place to live? Perhaps 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 following the kids have grown and left, or if you've 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 often provide safety services, whether it's a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You might feel safer in a condo understanding the property managers maintain 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 constructed with much more revolutionary appliances and fixtures. You may also have options to customize the way your condo appears by selecting schemes of wallpaper, tile, and carpeting.
4) Convenience. If you plan to scale down, condos offer you a spacious property that isn't overwhelming. You can be comfy without feeling like you are hoarding everything. Also, complexes these days have a tendency to build shops inside their neighborhood, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Problems. Depending on where you live, your condo might be backed up against an additional one, resulting in zero lot lines. If you have a neighbor who enjoys loud rock music or is always parking in your space, you might have a tough time adjusting. Of course, bad neighbor risks aren't limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do spend fees to preserve amenities, spend for safety and staff. If you are on a budget, you should note whether or not you can handle these payments.
3) Assessments. Most condo complexes are subject to assessments that determine if repairs need to be made. The money to satisfy maintaining the condos to code, of course, comes from the residents. Before you buy a condo, be sure 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 gear, you will want to thoroughly search your options before deciding on a place.
