You may have wondered, “What it would be like to live in a condominium?” Of course, choosing your next home should take some thought and consideration of how it will fit your lifestyle. One option to keep in mind is moving into a condo because of everything that comes with the home.
Many people think that condominiums are purely for vacation, but the reality is that condos make great homes. Let’s dive into a few of the reasons you may find buying a condo a more attractive option.
1. Condos-as-Homes are Growing in Popularity
Condo ownership is a rising trend, especially among families. They no longer hold the stigma of being snowbird getaways and vacation homes. Because they have so many different amenities, people are finding they have more time to spend with their families or have additional time to focus on things that they deem more important.
2. Forget the Maintenance
Being an owner grants you access to tons of options to alleviate house maintenance, and outdoor keep up. This is usually because condos have a board or association that deals with a multitude of things, such as:
- Landscaping and Grass Cutting
- Snow and Ice Removal
- Fixture Repair/Replacement
- On Site Maintenance
- And Occasionally, Garbage Pick-Up
The condo association charges minimal fees to alleviate you from having to deal with these tedious chores, allowing you to get back to your life and enjoy your new home. You can rest assured that your place will look at its best, all the time.
3. It’s All About the Amenities
Living in a condo is comparable to living in a hotel. They are known to offer anything from indoor/outdoor pools, parking garages, and community areas stacked with a grill or small kitchen. It is also common to see an entertainment area equipped with games and TVs. These areas come in handy if you want to host for friends or family and don’t have quite enough room inside to fit. It is a fun way to show off your new lifestyle of “takin’ it easy.”
The only thing missing is room service!
4. Engaging With Your Mini Community
Condo associations love to establish a sense of community and encourage their tenants to interact. Since everyone is welcome to utilize the common areas, you may find they will host events where everyone can mingle. These can include things like:
- Football Games
- Holiday Parties
- Game nights and poker leagues
It is a great feeling to know you can trust your neighbors and have the option to become more than just acquaintances.
5. Sense of Security
The condo association usually has a tight grip on who they allow becoming owners. This is part of the reason they are so likely to host events. In most cases, your building will be locked down which reduces the amount of unfamiliar foot traffic. Additionally, you can rest assured that the impressive amenities they are providing will go untainted and be used with respect.
Another benefit of having a secure home is that you don’t have to worry about leaving town for multiple days. Not only will the association keep your pipes and electricity in order during your trip, but they also give you the peace of mind that your home is safe while you are away.
6. Gives You a Reason to Enjoy Your New Home
If you live in a more metropolitan area, you are likely to have a great view of the city and be near a downtown area. Many find this an extremely attractive option because they can be located near great food, nightlife, and activities. You may not have the biggest house on the block, but you can certainly live a lavish lifestyle while staying busy.
On the other hand, maybe you would rather live in a rural area. Living in a condo off the main drag allows you to find peace and quiet outside your home or on the roof. This is a huge selling point for those with families. They can feel confident that their family or little ones can roam around the area without any risky activity. Having that additional peace of mind is crucial for those who attempt to remove themselves from the hustle and bustle of a busy city.
7. Ability to Renovate
Everyone wants to make their house feel “homey.” So why should this be different when living in a condo? Since you are the owner of the unit, you have the freedom to customize it any way you like. Additionally, deciding to buy a condo that has not yet been built allows you to choose from multiple floor plans to find the perfect fit. This is not the case when renting an apartment or house. When renting you are restricted to the layout of the home and do not have the ability to renovate.
8. Price Advantage with an Investment Opportunity
The last reason buying a condo is an attractive option for your new home comes down to two things:
- The price to own a condo is much more affordable than a traditional house mortgage. Since condos have limited designs, shared walls, and higher density they can be much more affordable than new homes. You are essentially finding the home that is right for you with an attractive price tag.
- Being the owner of the condo gives you the ability to turn it into a money making investment. You can easily profit from the sale of the condo or decide to rent it out. While the association is still going to vet whomever you choose to live in your condo, it is an easy way to get a feel for condo living and see if it is a good option for you.
See… We told you owning a condominium comes with its perks! With all condos have to offer, it is worth giving it a second thought.
Are you interested in buying a condo? Please reach out to us at Belman Homes so we can find the perfect dream condo for you or your family!