Pros and Cons of Living in a Condo3743769
Ready to look for a new place to live? Perhaps you're 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 following 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 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 understanding the property managers keep 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 may also host social events throughout 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 might also have options to customize the way your condo looks by selecting schemes of wallpaper, tile, and carpeting.
4) Comfort. If you plan to scale down, condos provide you a spacious property that isn't overwhelming. You can be comfy with out feeling like you're hoarding every thing. Also, complexes these days have a tendency to develop 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 may be backed up against another 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 risks are not limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do pay fees to maintain amenities, spend for safety and employees. If you are 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 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 might 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.
