Renting or buying a place to live is a bold statement. First you have to like the area, then you have to like the house, then you have to have the money to buy it. A condominium is an affordable medium between an apartment and a house. Usually located on urban streets, condos are often just minutes within walking distance to shops, restaurants, and other attractions. Many condos include services such as a 24 hour concierge service, elevators, a clubhouse, swimming pools, workout facilities, and security. Before deciding on where to buy a condo, take a look at our list that outlines the advantages of owning a condo.
Peaceful Home, Wild Atmosphere
As mentioned before, a condo is a much quieter, intimate setting than an apartment, while still economical and low–risk unlike buying a house. Condos appreciate at slower rates than single–family homes by comparison, although you will almost certainly build equity 100% faster than if you were renting an apartment. Condos and townhouses are popular fixtures in college-towns, as many students prefer the quiet atmosphere and privacy of a condo to a dormitory.
Put Away the Lawnmower
One of the nicest things about buying a condominium is the fact that you’ll never have to worry about lawn or garden maintence. Many condo places have full teams dedicated to the beautification of landscapes, thereby saving you time and money in the long run. Any damage done to the condo ought to be reported to the landlord immediately, most landlords will prioritize fixes to ensure that renters remain happy.
Style of Condos
When looking to buy a condo, consider what type of style of condo you might want. High–rises, lofts, townhouses, mid–rises, villas, flats, and converted rental properties can all fall under the category of condos. Generally, luxury condos have less units than most complexes, often falling under 100. Some luxury condo sites have only 8 to 10 units available. When deciding on where to buy a condo, prospective renters should also consider what former renters have said about the facility, as they often have experience that goes unnoted.