Pros and Cons of Living in a Condo5844275
Ready to look for a new place to live? Maybe you are tired of renting, or lately got rid of some stuff and want to scale down your living quarters. Moving to a condo seems the logical solution following the children 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 offer safety services, whether or not it is a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You might feel safer in a condo knowing the property managers keep watch.
2) Amenities. To entice residents, condo complexes will offer features 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 usually constructed with much more innovative appliances and fixtures. You may also have options to customize the way your condo looks by choosing schemes of wallpaper, tile, and carpeting.
4) Comfort. If you plan to scale down, condos provide you a spacious property that isn't overwhelming. You can be comfortable without feeling like you are hoarding every thing. Also, complexes these days tend to develop shops inside their community, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Issues. Based on exactly where you live, your condo may 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 difficult time adjusting. Of course, bad neighbor dangers are not limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do spend fees to maintain amenities, pay for safety and employees. If you are on a spending budget, you should note whether or not you can manage these payments.
3) Assessments. Most condo complexes are topic 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 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 provide 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.
