Condos are often more affordable than buying a house. This is one of the main reasons people choose to buy condos. Below are some pros to owning a condo.
For buyers who are looking to downsize or don’t want a large house to maintain, a mid-sized condo is the best option. Residents who prefer to travel or enjoy their city more than spend their time improving their home will find that a smaller area allows them to have more freedom.
Homes for single-families are more affordable
A condo is often more affordable in larger cities and on the beachfront than comparable houses. This makes it an easier purchase for first-time homebuyers. A condo can often be cheaper than buying an apartment or a townhouse in some cities.
Your homeowners insurance covers the inside of your condo. However, the monthly HOA fees you pay will insure the complex or building you live in. However, a house requires both inside and exterior insurance. Condo insurance is often cheaper than house insurance.
A great sense of community
Many condo buildings and complexes offer communal spaces such as rooftops, patios, and kitchens that allow residents to get to know each other better. Condo communities often host events such as movie nights, games nights, wine tastings and cookouts for their residents.
Proximity to Entertainment & Business Districts
Condo living has a major advantage: condo buildings are often located in downtown areas or near them. Residents have easy access to entertainment and business districts nearby. You can walk to major attractions, bars, restaurants, bars, public transportation, and other amenities.
The Best of the Best
To enjoy the best amenities, you don’t necessarily have to live in a luxurious condominium. Condos often have communal spaces such as a swimming pool or rooftop terraces. You can also use the fitness center without having to worry about maintaining it. Many condos have tennis courts and spas. Remember that the more amenities you have in a condo complex, the higher your monthly HOA (homeowners association)fee.
This post was written by a real estate expert from the Dotoli group. Josh Dotoli is Paramount Residences #1 Selling Realtor with nine sales in 2021, 3x more sales than any other Realtor selling in the building. The Paramount Residences enjoys a prime beach area location. It is a Ft. Lauderdale oceanfront condo located across from the beach.