Pros and Cons of Living in a Condo6765736
Ready to look for a new location to live? Maybe 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'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 provide 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 understanding the property managers maintain 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 may also host social events all through the year so you can get to know your neighbors.
3) Upgrades. Newer condo communities are usually built with more innovative appliances and fixtures. You might 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 offer you a spacious property that is not overwhelming. You can be comfortable with out feeling like you are hoarding every thing. Also, complexes these days tend to build shops within their neighborhood, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Issues. Based on where you live, your condo might be backed up against an additional 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, poor neighbor dangers are not limited to condos, but the proximity could magnify the headaches.
2) Fees. Condo owners do spend fees to maintain amenities, spend for safety and employees. If you're 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 require to be made. The money to satisfy keeping the condos to code, of course, comes from the residents. Before you buy a condo, be certain it's not about to come up for assessment so you do not get stuck with a large bill.
4) Space. If you prefer 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 place.
