The Advantages of Purchasing or Owning a Condo

There are so many advantages if you are considering buying a condo unit

. As you may know, a condo is a form of real estate property, but it is part of a building. Though the unit is part of a building, you have the right to own that unit and can do anything with it as long as you are not violating the rights of the other occupants. You are also subject to owning a deed of absolute ownership over the unit once you have completed your payment for it. Let us list more of the advantage of purchasing a condo to easily assess if it is the perfect home for you. 1. Location. Most condo buildings are situated in the heart of the city. So you do not need to drive long distance just to go shopping, or eat out at a fancy restaurant. You will be at the center of the cosmopolitan close to all the important and popular establishments and buildings. Transportation and business establishments will not also be a problem since you will have an easy access to them. You can also select a condo unit near your work place so you do not have to wrestle with everyday traffic and time constraints that could also lead to stress. 2. Lifestyle. If you are one of those single people who just do not want to be minded by gardening or just taking care of a whole house, then owning a condo is the perfect home for you. You will just have a small deck area as part of your condo unit to take care and that is it. The rest of the landscaped area which is the common area has people working on them to have them kept in good condition. 3. Amenities. You can rightfully enjoy convenient amenities and common facilities in most condo buildings. They normally provide swimming pools, tennis courts, basketball courts, lobbies, gyms, and elevators. Another benefit to this is that it is subject to the managements rules and regulations so using such facilities are exclusive to the owners of the condo unit. And not like living in apartment communities where residents do not have sense of ownership over their amenities, they often abused their amenities available to them. However, condo owners are more responsible since they usually have monthly membership fee for the maintenance of their amenities and common area. 4. Secured environment. Another great aspect of living in condo unit is safe environment they offer 24/7. You can even have a long vacation and not worrying if your unit is still safe. Most condo buildings provide a state-of-the-art security devices and security services that will allow you to sleep well at night. Also, residential owners need to follow certain regulations and restrictions to maintain the quality standard of living especially in common places within the building. 5. Maintenance. Unlike living in a residential area where all the responsibilities and expenses are shouldered by the homeowner, living in a condo building will let you share all the responsibilities and maintenance with the other homeowners. As part of living there, you will have to pay for monthly membership fees that can range from $150.00 a month up to $600.00 a month. This will depend on the place you live, most of the time though the median fee for Homeowners association fees goes around $200.00. This payment will ensure the sanitation and beautification of the entire property.

The Advantages of Purchasing or Owning a Condo

By: Alvin Clavines

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