With a rapid increase in population in urban regions worldwide, the pressure of accommodation seems to be increasing, evidenced by the rise in mid and high-rise developments that continue to sprout out across urban areas worldwide. Most people, especially millennials with small families, find it more convenient and less time-consuming to move into a condominium unit than wait longer for the construction of a house. Condos have been dubbed as the epitome of modern-day living and are ideal for young professionals, starting couples, working-class, and even old couples. While most people anticipate buying a single-family house when considering their next home purchase, a condominium could be a better option depending on your situation and finances and offers several benefits as outlined below.
Minimal Maintenance Cost
One of the most excellent perks of living in a condo is that you don’t need to worry about additional expenses that come about when you a sole owner of a home such as general repair expenses or gardening expenses. With a condo, certain liabilities, including mowing the lawn, gardening, painting, or general repairs, are handled by the condominium association, which collects a monthly condo fee to cover for such services. Additionally, condos have low utility fees due to smaller spaces and therefore cost much less in terms of furnishing, cleaning, electricity, and water bills.
Accessible Location
When looking to buy a home, one of the most important factors to consider is location, and you would want a home that is easily accessible and close enough to schools, shopping malls or commercial centers. Most condos are easily accessible as they are built on prime locations close to workplaces, excellent dining facilities, schools, restaurants, or shopping areas. In Toronto, for example, great condos in Liberty Village have nearby establishments and areas where residents can conveniently go to. By living in a condo, you can easily access most locations.
Safety and Security
Condos guarantee safety and security thanks to their top-notch security features including surveillance cameras, gated facilities, lobby guard, roving personnel as well as 24/7 security guards. Additionally, visitors are required to present identification cards as well as a gate pass before entering the premise. With such security features, you are almost guaranteed of not only safety but also the overall security of the building. The safety and security features offered by condos provide you with a piece of mind as you don’t have to worry about the safety of your family or your security as well.
Extra Amenities
Buying a home that provides additional amenities such as swimming pools, spur, gym facilities, or well-equipped playing grounds can get a little too expensive to afford. However, condos offer their residents with ample amenities, including party rooms, pools, gyms, among others, without the extra cost of ownership that usually comes with owning such facilities. Additionally, you don’t have to worry about spending additional costs for maintaining such shared amenities.
Sense of Community
Condos owners tend to live in much closer proximity compared to suburban homeowners who have relatively big yards separating them. The closeness experienced in condo living fosters social connections and a sense of community. This prevents individualism usually experienced in single-family houses. Most condo residents love to interact with their neighbors in the community garden or the shared amenities to relax and have a good time. These interactions go a long way to alleviate depression and also to network with people of different professions.
Great Value For Your Money
Condos offer great value for your money, especially if you have a young family and do not require so much space. They cost much less as compared to standalone properties and still offers much more in terms of elegant living. Even after factoring in the monthly maintenance fees, condos still cost much less compared to multifamily properties. Additionally, since maintenance cost is covered, condos owners’ budgets are much predictable compared to single-family homes who have to cover for every repair or maintenance practices.
To conclude, condo living may not be ideal for everyone, especially prominent families, but it offers so many benefits compared to single-family homes. Sea Pines condos are a gateway to fine living in an organized community within the metropolis but, at the same time, disconnects you from the hassle and bustle of the city. With a secure and relaxed environment along with the availability of cuisine amenities, you will always want to be home.
My husband and I want to move somewhere new before our baby comes, so I wanted tips and advice! I didn’t know condos were cheaper than other living spaces, even after you add maintenance fees. My husband is finishing school right now, so a condo would work perfectly with our tight budget! I’ll look for condos that fit our tastes, thanks to this post!