subject: Pros And Cons Of Owning A Condominium Unit [print this page] Condominiums are fast becoming the residential real estate of choice for many people. In fact, they have slowly outpaced the demands for townhouses. It is quite timely then, to evaluate the pros and the cons of owning a condominium unit. What are its advantages and disadvantages? Is it really wise to own a condominium unit these days?
The Pros
Condominiums are mostly located either in the metropolis, where the action is, or in the beachfront, where luxury comes alive. They are situated right at the heart of an exciting pace, giving you nice choices for comfort. Thus, location is the number one advantage of condominiums among the other residential choices. For the most part, they are blessed with a great deal of benefits coming from being in a good spot, a very nice neighborhood.
Secondly, many condominiums offer the same amenities, if not more, that posh residential estates often have up their sleeves. Recreational areas and many features of enjoyment are often found in the same building so you do not really have to go too far to enjoy some R&R. Most condominiums of today have their own gym, swimming pools, spa, and restaurants among others. It was like being right at the center of amazing comfort, not just homey comfort but comfort in general.
Thirdly, condominiums are pretty much the cheaper choice when compared to exclusive and luxurious residential units found in posh neighborhoods. They offer the same luxury, the same flair but with a lower price. If you are to choose your condominium wisely, you must be able to save a lot not just with your purchase but in the long run of living in it as well.
Lastly, condominiums are considered the best residential choice for their offered security. The whole building is protected 24/7 by trained professionals so tenants could sleep soundly each night. Also, maintenance and repair are not much of a problem if you are living in a condo unit. The management usually takes care of everything. They will not allow anything to get in the way of their tenants' comfort.
The Cons
If you are a type of person who would love to mingle with his neighbors, a condominium unit is probably not for you. People living there are almost kept shut from the outside world, most of the time. However, this can be resolved by letting your friendly attitude infect other people. You may try making friends by spending some time at the common areas like the restaurant, the gym, or spa.
Most condominiums have very strict rules. Such rules are made to protect all the residents in the complex. But things do go out of hand sometimes. If you are a pet lover, for example, and your condo management does not allow pets in the facility, you would obviously sulk in a corner. But you have got no other choice but to abide by such law. Otherwise, take a residential unit in a village so you can take your pets with you.
In the end, it is up to you to make a choice. If living in a condominium unit is advantageous to your case, then by all means, you can choose it over owning a residential property elsewhere.
