Pros and Cons of Living in a Condo6791620
Ready to look for a new place to live? Perhaps you're tired of renting, or lately got rid of some stuff and want to scale down your living quarters. Moving to a condo appears the logical answer following 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 often provide safety services, whether or not it is a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You may 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) Convenience. If you plan to scale down, condos provide you a spacious property that isn't overwhelming. You can be comfortable with out feeling like you are hoarding every thing. Also, complexes these days tend to build shops within their community, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Issues. Depending 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 tough time adjusting. Of course, poor neighbor risks are not limited to condos, but the proximity could magnify the headaches.
2) Fees. Condo owners do pay fees to maintain amenities, spend for safety and employees. If you're on a budget, you should note whether or not you can manage these payments.
3) Assessments. Most condo complexes are topic to assessments that figure out 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 sure 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 may find some condo models offer just that, but if you would favor 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 location.
