Pros and Cons of Living in a Condo1007687
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 seems the logical solution 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 right 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 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 all through the year so you can get to know your neighbors.
3) Upgrades. Newer condo communities are usually built with more revolutionary appliances and fixtures. You may also have options to customize the way your condo appears by selecting schemes of wallpaper, tile, and carpeting.
4) Comfort. If you plan to scale down, condos offer you a spacious property that isn't overwhelming. You can be comfortable without feeling like you're hoarding everything. Also, complexes these days tend to develop shops within their community, 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 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 may have a tough time adjusting. Of course, bad neighbor dangers are not limited to condos, but the proximity could magnify the headaches.
2) Fees. Condo owners do spend charges to maintain amenities, pay for security and staff. If you are on a budget, you should note whether or not you can manage these payments.
3) Assessments. Most condo complexes are subject 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 is not about to come up for assessment so you don't get stuck with a large bill.
4) Space. If you favor large, open spaces, you might 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 thoroughly search your options before deciding on a place.
