Pros and Cons of Living in a Condo5537703
Ready to look for a new location to live? Perhaps you are tired of renting, or recently got rid of some stuff and want to scale down your living quarters. Moving to a condo appears the logical answer after the children 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) Safety. Condominium complexes often offer security services, whether it is a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You may feel safer in a condo knowing the property managers maintain watch.
2) Amenities. To entice residents, condo complexes will provide attributes 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 typically constructed 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 is not overwhelming. You can be comfortable with out feeling like you are hoarding everything. Also, complexes these days have a tendency to develop shops inside their neighborhood, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Problems. Depending on where you live, your condo might be backed up against another 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, bad neighbor dangers are not limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do pay fees to preserve amenities, spend for safety and employees. If you're on a spending budget, you should note whether or not or not you can manage these payments.
3) Assessments. Most condo complexes are subject to assessments that figure out if repairs need to be made. The money to satisfy maintaining 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 do not 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 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.
