Pros and Cons of Living in a Condo1919895
Ready to look for a new place 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 here:
Pros of Living in a Condo
1) Security. Condominium complexes frequently provide security services, whether or not 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 offer features like a swimming pool, fitness center, and a clubhouse for hosting events. Some communities might also host social events throughout the year so you can get to know your neighbors.
3) Upgrades. Newer condo communities are usually constructed with more innovative 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 offer you a spacious property that is not overwhelming. You can be comfy without feeling like you are hoarding everything. Also, complexes these days tend to build shops inside their neighborhood, so you can walk to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Problems. 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 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 preserve amenities, spend for security and employees. If you are on a budget, you should note whether or not 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 maintaining the condos to code, of course, comes from the residents. Before you buy a condo, be sure it's not about to come up for assessment so you don't 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 gear, you will want to completely search your options before deciding on a location.
