Pros and Cons of Living in a Condo4087776
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 following the children 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 often offer safety 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 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 looks by selecting schemes of wallpaper, tile, and carpeting.
4) Convenience. 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 inside their neighborhood, 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 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 usually parking in your space, you may have a tough time adjusting. Of course, poor neighbor dangers aren't limited to condos, but the proximity could magnify the headaches.
2) Charges. Condo owners do spend fees to preserve amenities, spend for security and staff. If you are on a spending budget, you should note whether or not 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 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 favor 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.