Condo living, just like any other setting, comes with its own good and bad sides. For those looking for a lock-and-leave lifestyle, it could be the perfect path to take. But how do you know if it's really right for you?
Here are 4 reasons to buy a condo according to Realty Times:
It's less expensive than a house
If budget is a concern for you, then acquiring a condo is definitely a better option than buying a new house. But that would also depend on the area, square footage, the unit, desirability, and many other factors.
"Obviously, the cost of a condo versus a house depends on the size of the home, the property values of the neighborhood and the cost of living in the area," said US News. "But typically, you'll spend less on a condo, 'especially in higher-cost markets where condos can be the only alternative to high-priced, single-family homes,'" says Amy Tierce, a regional vice president with Wintrust Mortgage in Needham, Massachusetts."
Lower maintenance
For those with an on-the-go lifestyle, condo living, which means no lawn to mow, and no landscape to maintain, will work better than owning a home.
"For busy home owners, not having to actually deal with the upkeep and looks of their home can be a very good thing," said Street Directory. "You have the benefits of home ownership, without all the responsibilities that go along with owning property."
It's all yours
Unlike with an apartment where you will need a landlord's approval for every renovation you want to make, you are only limited to your imagination (and budget) when you get your own condo. It's all yours so you can style and design it the way you want to without having to be under a landlord's nose.
For the amenities
How does resort lifestyle sound to you? Living in a condo means access to a fitness center, pool, sundeck, clubhouse, and luxury services such as a doorman and valet. These are perks that you won't get from a single-family neighborhood. It could mean hotel-like living all day, every day.
