4 Benefits of Living in a Condo Compared to a House

Written by Posted On Wednesday, 22 November 2017 08:17

If you’re shopping for your first home or planning to downsize into a smaller property, you may want to consider a condominium instead of a single-family house. A condo can offer several benefits you may not have thought about before. While condo life is different than living in a traditional house, you might discover you enjoy it even more. Here are four benefits you’ll discover if you choose a condo for your next home.

Get More Home for the Money

If you choose to buy a condo, you’ll likely find you can get more square footage for the same budget. Of course, this assumes all other factors are equal. You’re only paying for the unit and not the land it sits on, which is why you can pay less for a condo than a single-family house. On the other hand, you may also find you can afford a newer condo or in a more prestigious location at an affordable price.

Have Little Maintenance to Do

You can enjoy condo living without all of the work that goes into a single-family dwelling. You aren’t responsible for the upkeep of the exterior or the common areas. While you will contribute to these expenses by paying condo association fees, you won’t have to hire the company to do the work or do the work yourself.

Enjoy the Amenities

Condominiums often come with special amenities for all the residents to enjoy. This can range from free parking to on-site laundry to a private pool. You may have the use of a gym or fitness center, tennis courts and party room. The amount you pay in association fees is much less than what you would pay to have access to these amenities on your own.

Enjoy a Sense of Community

When you live within close proximity of your neighbors, you’re more likely to get to know who they are. Additionally, many associations try to foster a sense of community by hosting social events for residents. This enables you to make friends and find people you can call on if you need help.

Buying a condo can be the right choice if any or all of these reasons sound good to you. Consider all of the benefits and how they can enhance your life as you search for your first or next home. You just might find that the condo life is the right option for you.

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