Recently, the high cost of purchasing a home has forced many first-time buyers to consider buying condominiums or townhomes because they tend to be more affordable. There is a lot of responsibility to consider when purchasing your first home, and buying condos before you decide to buy your first home can be a great way to transition into that lifestyle. If you’re looking to purchase a home, but have been asking yourself “should I buy a condo,” here are a few benefits to consider before buying a condo.
1) Minimal Maintenance: Buying a condo typically includes a fully staffed maintenance team hired by the company that owns the property. When you buy a home, you’re going to be responsible for all the yard work, roofing repairs, plumbing repairs, etc. This can all be a tremendous hassle, and very expensive. However, with condominiums and townhomes, the on-site maintenance team will take care of all the yard work and maintenance tasks.
2) More security: Living in a condo means that you are living very close to, and constantly surrounded by your neighbors. Some condominium properties are even gated communities or include neighborhood watch programs for added safety. A condominium is a high-traffic area, with lots of neighbors that can act as witnesses, something most burglars and thieves tend to avoid.
3) Amenities: Many condominium communities include a range of awesome amenities for their residents. These amenities can include a swimming pool, tennis and basketball courts, spas, fitness centers, etc. More expensive, upscale condominium and townhome communities may even include a personal concierge who can run errands for you. Much like the maintenance costs, the fees for these amenities are bundled in your monthly fee.
If you find yourself asking “should I buy a condo,” this list of considerations should help you determine if condominiums or townhomes are right for you. Remember, if your interests and priorities change in the years ahead, you can always sell the condominium and purchase a traditional home. It’s all about assessing your wants/needs, your budget and making a decision that best suits you, and the lifestyle you desire. If you need help searching for these living spaces, or aren’t sure how to buy condos, contact a local real estate agent. Ger more information on this topic here.