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Advantages Of Condo Living
ometimes Overlooked family home. Of course, there are
exceptions, such as the purchase
There is a home ownership of a luxurious condominium that
option that is often overlooked many developers are building in
by potential home buyers, and downtown, affluent neighborhoods,
that is ‘The Condo Option’ . beach sides, etc. For these
Traditional detached single buyers, the prices will seem
family style homes are not always almost comparable to buying a
the ideal situation for many home single family home, however size,
purchasers. area and amenities will determine
the ultimate price on this type
Reasons for lifestyle of purchase.
alternatives
Security is also a preferred
For those who are just starting reason for purchasing a
out, affordability may or may not condominium as most modern
be an issue. For the new ‘empty complexes are located in private,
nester’, downsizing and not gated and very secure
having the ‘upkeep’, yard developments. This is especially
maintenance, etc., may be the key important to older residents and
issue. Or, maybe if both spouses to single persons who live alone
work, a traditional single family and want the added security to
home may be just too much work their lifestyle.
and not fit your lifestyles.
What’s mine and what’s yours
Condos are attractive to many
buyers because they offer them a When you own a condo, you own the
chance to own their residence and title to the space within the
build equity at what is usually a walls of your living quarters
lower cost than a detached single only. The hallways, (outside your
condo), the roofs, parking lots, that condo owners generally must
attics, the common green areas, pay a condo association fee
(including lawns, etc.) pools, monthly. These fees defray the
gyms and recreation rooms, are cost of most maintenance, repairs
called ‘common areas’ and are and upgrades to the common areas
owned, and maintained by the as well as for the overall
entire condo association on a management of the complex. They
collective basis with maintenance do not cover most everyday
costs covered by the condo repairs, upgrades and maintenance
association fees paid by each for ‘fixes or replacements’
condo owner. within your own condo unit, like
electrical switches, plugs, most
On some of the older condo units, common plumbing problems, carpet
or condos that have been cleaning, etc.
converted from apartment
buildings, you may have one or Some, more major maintenance
more condo units adjoining yours, problems, like plumbing drains,
to either side, on top, or below. etc., where the clog is in the
On many newer complexes, the ‘common plumbing’ within the
condos are designed more like walls, or ground which serves
town homes with single or many units, may be covered,
multiple levels and there is a however.
possibility that only one or two
common walls will be shared with In Summary
neighbors.
If you would rather spend your
What’s the added costs free time doing something besides
moving the lawn, painting the
One factor to consider when outside of your home, or waiting
buying or investing in a condo is for the ‘pool guys’ to show up,
then a condo might just be the It certainly is worth looking
thing for you. into before investing your hard
earned money.
Of course, there are other
advantages to owning a condo. Many condominium complexes today
Most condos offer many modern are very ‘family friendly’ and
amenities as part of the complex these complexes are ideal for
such as pools, Jacuzzis, tennis raising children, especially if
courts, fitness centers, or your family is security minded
clubhouses. These are part of the and want all of the modern
‘perks’ that go along with owning amenities for the family that
a condo and paying your most condo complexes offer.
association fees. If you owned a
traditional detached single Many, of course, are adult only,
family home, you might not be or are for seniors only, and,
able to afford any of these offer amenities that other
amenities, let alone the upkeep complexes don’t offer like golf
and maintenance on them. courses, more traditional
recreation rooms with billiards,
Condos, in today’s hot real libraries, card rooms, etc.
estate market, are highly sought
after for all of the reasons The ‘Condo Option’ is open and
listed here. worth looking into.
About the Author:
Steve Cross RE/MAX Preferred in Las Vegas will assist in all your real estate need for the Las vegas area
Read more articles by: Santo Del Monico
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