Advantages of Buying a Condominiums

Advantages of Buying a Condominiums

1.It builds value over time when you own.
2. It's practical for people who want to live in specific area that fits their lifestyle or a shorter commute to work if you live in the inner city and don't want the hassle of driving and costs of parking.
3.It's a starter property for young working professionals and couples who need to build experience in owning and maintaining property.
4. Condo living is for people who don't want to deal with the pain of extensive maintenance when you own a home such as mowing lawns and other expenses that comes with living in a house.
5. Exterior maintenance is the responsibility of the condo homeowner's association.
6. Condos have housing associations that oversee that all fees paid go towards maintenance and making sure owners abide by current housing laws.
7. Condos are also good for older people who don't want the hassle of living in a big space alone and can have something that's easy to take care of.
8. Usually less expensive than buying a similarly sized single-family house.
9. Condominiums are often located convenient to centers of employment and shopping.
10. Some of the amenities include 24-hour concierge, high-tech security surveillance, recreation and fitness facilities plus the convenience of not having to shovel snow or cut grass.
11. The security of leaving your condo for an extended period without worry (called "lock and leave").
12. Pride of ownership from being an owner rather than a renter.
13. Potential resale profit as the condo appreciates in market value. However, local supply and demand greatly affects this last potential advantage.


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