Pros and Cons of Living in a Condo3031927
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 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 right here:
Pros of Living in a Condo
1) Security. Condominium complexes frequently offer security services, whether or not it's a gated property with hired guards, or closed circuit cameras monitoring the property 24/7. You might feel safer in a condo understanding 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 throughout the year so you can get to know your neighbors.
3) Upgrades. Newer condo communities are usually constructed with much more revolutionary appliances and fixtures. You may 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 have a tendency to build shops within their community, so you can stroll to the grocery and drugstore.
Cons of Living in a Condo
1) Privacy Problems. Depending on exactly where you live, your condo may be backed up against an additional 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, poor neighbor risks are not limited to condos, but the proximity could magnify the headaches.
2) Fees. Condo owners do spend fees to preserve amenities, spend for security and employees. If you are on a budget, you should note whether or not you can handle 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 sure it's 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 may find some condo models provide 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.