If you are a first time homebuyer who will be living independently, a condo may be a good choice for you. A condo may also be ideal for those who are looking to downsize and don’t have the time or desire to manage the maintenance that comes with owning a single family home. No matter which category you fall into, there are many advantages to condo living.
Whether you are a first time homebuyer, or have a family and are looking to downsize, you will notice that condos tend to have lower prices and are more affordable. Condo owners also enjoy the same tax benefits as owners of single-family homes. You can rest assured knowing that the condominium association is responsible for all of the exterior maintenance. Other things like gardening, snow removal, and repairs are all covered by your monthly condo fees. Condos are also often times conveniently located near office buildings, shopping and entertainment. By sacrificing a small amount of square footage in exchange for convenience, you will be able to spend your time doing the things you love to do.
Many condos offer great amenities that include:
- Swimming Pool
- Fitness Center
- Theatre Rooms
- Party Rooms
- Tennis Courts
Another perk of living in a condo is the advanced security measures. Most buildings offer 24/hour concierge service, on site security, and secured entrances. This is great for someone who travels a lot or goes on vacation for extended periods of time. You will have the peace of mind knowing that you home is safe while you are gone.
There are many people who believe that owning a condo is much easier that owning a single family home. Advantages to condo living include amenities, convenience, and security. If you are single or looking to downsize, a condo may be a great choice for you.