If you are in the market for purchasing a new place to live, there are several reasons to choose a condo over a single family home. When living in a densely populated area or prestigious city, chances are the best real estate options are condos. There can be some extra costs like monthly or yearly fees, but the amenities make up for it. In case you are still on the fence about buying a condo, these advantages will surely have you hopping on over.
Amenities
As mentioned, condominiums will likely charge additional fees, but considering they offer access to additional amenities, the cost balances out. How would you like to enjoy a pool whenever you wanted and not have to clean it or maintain the pH balance, ever? What about a fitness center only residents can use? Plus, you have zero lawn maintenance. Any repairs needed are taken care of by management. Condos also provide their own security systems and services, increasing your safety and peace of mind.
Better Investment Over Renting
When you were in college, aside from dormitories, the other options were to rent either an apartment or a house. Once you graduated, you received no return on your money. Sure, you got most of your security deposit back, but the apartment complex invested it to make money on it because they knew they would have to return the bulk of it. Owning a condo will give you a much larger return of investment. You build equity in the property that is tangible.
Location
Living in the heart of the city grants you the ability to reach places within walking distance. For example, there are new condos for sale in the CityCenter area of Las Vegas. There are casinos, restaurants, and sites to see everywhere you turn. What is you were employed by one of these establishments? It would be so much easier to walk to work in minutes, than to find a place to park and pay for it.
Buying a condo isn’t something you jump into lightly. It is a large investment of your time and money. However, if you are looking to live in a place that has luxury accommodations without the hassle of maintaining them, getting money back when you decide to see or potentially rent it out when you are not using it, and living in a well-established area that has everything at your fingertips, then purchasing a condo is the right thing for you to do.
