Pros of Buying a Condo
Security. Many condos offer gated or secured entries, or even security specialists for residents. When you live by yourself, or safety is a worry for you, this can be a major incentive. Also, you are living in close vicinity with numerous other residents; in an disaster, you will have a lot of residents to turn to for assistance.
Amenities. Many condos off pools, fitness centers, and even game nights in the community clubhouse. Many condo groups offer people amenities that are out of reach for the regular homeowner.
Cons of Condominium Living
Homeowners Association Fees, all those amenities cost money, as you can imagine. Buying a condo, you in essence become a business partner in that community. There are monthly fees every month (in addition to your mortgage) which goes to the maintenance of the community, and impending investments. The advantage is your HOA will take care of all of the little things you need to have happen on a weekly basis, like lawn maintenance in most cases. Condominiums can be difficult to sell if there they do not have spectacular features setting them apart from other condominiums in the area. Here is what you need to ask yourself. Do all of the condominiums look the same? If there are differences between the condominiums that is a plus. Are the condominiums in an attractive neighborhood with plenty of green space and wonderful views? Ultimately you need to decide how you want to spend your weekends and the days after the snow falls! For additional information, click here.