Advantages of Buying a Condominium
Condo or house? House or condo? The question comes up every time you want to purchase a home. Each one certainly has its merits. A house has a nice big yard, and spacious interiors. Condos are smaller but easier to maintain. So why choose a condo over a house? Here are four good reasons why.
It's better than a house financially speaking. You often have a much lower down payment thanks to a lower cost to buy the home. In many places, condo prices dropped like housing prices did in the recession. This makes them more affordable now than they were before. Plus, if your condo is in a desirable neighborhood, your property value will only increase.
Since the home is smaller, your utility bills are often less. You don't have to heat or cool a larger home's rooms that are not in use. Leedon Green is a Modern condos also come with nice modern standards of insulation and energy efficient windows. When you share walls with other units, you are also not losing heat to the outside.
Someone else takes care of the maintenance and safety. Your homeowner's association fees are put towards a number of maintenance items like landscaping, common areas, driveway repairs, and roofing repairs. Potentially dangerous things like gutter cleaning are also done for you.
Many larger buildings have a security person stationed at the entry to keep occupants safe. Plus, you have a lot of neighbors all around you, so you're never isolated. It's easier to go on vacation, too. You don't have to worry about finding a house sitter.
Superior locations. If you want to be in the heart of the city, a condo is the way to go. You're near the entertainment centers, the great restaurants, and the highest density of employers. You can find some condos in a high-rise tower that give you some of the most spectacular views. You'll overlook the city skyline to the land beyond.
Leedon Green Condos are also often near key transportation lines so it's easy to get to where you want to be. The convenience of having public transit nearby means you might be able to go car-less, so you save on money that way, too.
All the extras. You can take advantage of the common areas like the gym, swimming pool, and community room without having to pay anything extra. It's all covered by your HOA dues. And, with the money you save on not having to keep up a large house, you can treat yourself to new furniture. No longer do you have to look at the old bookshelf from college and the couch you found for free in the basement.
Only you know the type of lifestyle you want to live. For those who love to have the excitement of the city around them, a condo is the best pick. For those who want to have a quiet retreat, a suburban or even rural house is better. But when you factor in the convenience, the cost savings, and the ideal locations, condos come out on top.