Pros and Cons of Living in a Condo8481287
Ready to look for a new location to live? Maybe you are tired of renting, or recently got rid of some stuff and want to scale down your living quarters. Moving to a condo seems the logical solution after the kids have grown and left, or if you have 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 often provide security services, whether or not it's a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You may really feel safer in a condo knowing the property managers keep 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 revolutionary appliances and fixtures. You may also have options to customize the way your condo appears by choosing schemes of wallpaper, tile, and carpeting.
4) Convenience. If you plan to scale down, condos offer you a spacious property that isn't overwhelming. You can be comfy with out feeling like you're hoarding everything. Also, complexes these days tend to develop shops inside their neighborhood, so you can walk to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Issues. Based on exactly 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 always parking in your space, you may have a difficult time adjusting. Of course, poor neighbor risks are not limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do pay fees to maintain amenities, pay for security and employees. If you are on a spending budget, you should note whether or not or not you can manage these payments.
3) Assessments. Most condo complexes are topic to assessments that figure out if repairs need 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 favor 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 completely search your options before deciding on a location.
