Pros and Cons of Living in a Condo8148470
Ready to look for a new location to live? Maybe you are 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 answer after 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) Safety. Condominium complexes frequently 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 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 might 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 innovative appliances and fixtures. You might 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 is not overwhelming. You can be comfortable with out feeling like you are hoarding every thing. Also, complexes these days have a tendency to build shops within their community, so you can walk to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Issues. Depending on exactly 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 usually parking in your space, you may have a tough time adjusting. Of course, bad neighbor dangers aren't limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do pay charges to maintain amenities, pay for safety 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 subject to assessments that determine 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 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 favor 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.
