Pros and Cons of Living in a Condo6596031
Ready to look for a new location 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 solution following the children 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 here:
Pros of Living in a Condo
1) Security. Condominium complexes frequently offer 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 knowing the property managers keep watch.
2) Amenities. To entice residents, condo complexes will provide 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 typically built with much more revolutionary appliances and fixtures. You might also have options to customize the way your condo appears by choosing schemes of wallpaper, tile, and carpeting.
4) Convenience. 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 tend to build shops inside their neighborhood, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Problems. Based 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, bad neighbor risks are not limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do spend charges to maintain amenities, pay for safety and staff. If you are on a budget, you should note whether or not 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 certain it is not about to come up for assessment so you don't get stuck with a large bill.
4) Space. If you prefer large, open spaces, you might find some condo models provide just that, but if you would favor 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.
