When it comes to city living, it doesn’t get much better than owning a condo. Buying a condo means you get a place to call your own, plus the ability to pick and choose amenities. Along with being cost-effective, there are multiple benefits to condo life:
- Low maintenance costs. There’s no mowing the lawn or landscaping, and because you’re in a shared building or community, a lot of the big repairs and maintenance tasks are fully covered by association maintenance fees.
- No more landlords. Forget lining a landlord’s pocket month after month. With a condo, your monthly payments help you build equity in the property; so, if you decide to sell down the road, hopefully you’ll make a profit.
- Shared amenities. Many condo communities come with amenities you just couldn’t afford or keep up on your own — things like pavilions, business centers, fitness rooms and more.
- Sense of community. Common areas, like the rec rooms or pool, give you a chance to meet your neighbors. So, you’ll have plenty of opportunities to make business connections or meet new friends.
There are, of course, drawbacks to condo living. Before you buy, make sure you’re aware of any HOA or condo association rules, and do research into the community and its managers. Do your due diligence when it comes to the HOA’s budget and financial standing. You want to make sure you’re making a wise long-term investment — and that your property is likely to improve in value over the years.
Are you interested in buying a condo or learning more about the process? Get in touch.
Nicole Kasten | Colfax Realty Group
Licensed Broker Associate
Phone: (786) 266-7523