Buying a condo unit is a kind of purchase which appeals to most first-time homebuyers. For one, it is more cost effective than buying a house and lot. Besides that, condominium buildings have round-the-clock security, gated entrance, fitness and recreational facilities among other attractive amenities unit owners can enjoy.
Indeed, those benefits make you want to make a purchase as soon as possible. But are you sure that condo living is right for you? You have to remember that with every advantage comes a downside. Are you ready to make compromises here and there? Take some time to carefully think things over as purchasing a unit is one of the major expenses you are going to make. For now, allow us to give you a few of the advantages and disadvantages of condo living in an effort to help you make a well thought out decision. Kindly read on.
Condominium units are situated in strategic locations. They're near places of work, shopping centres and educational institutions. Their comparatively small floor area translates to low maintenance.
Sadly, living in a condo is not exactly all about savings. There are instances when monthly charges increase all of a sudden due to various reasons. This may not be too favourable for those who have little to spare. In addition, another disadvantage is that when poor administration and maintenance practices are observed, you really can't do much about it. Even so, that will negative affect your property value and quality of life.
Since an increasing number of people prefer purchasing a condo unit than renting or buying a single detached home, there are several companies who build units in order to answer to the rising demand. There are those who even offer Condo interior design and Turnkey project management services to their clients. These conveniences lessen the worries of their clients and allow them to start enjoying their new found independence or for others, the new chapter of life in having a family.
Indeed, those benefits make you want to make a purchase as soon as possible. But are you sure that condo living is right for you? You have to remember that with every advantage comes a downside. Are you ready to make compromises here and there? Take some time to carefully think things over as purchasing a unit is one of the major expenses you are going to make. For now, allow us to give you a few of the advantages and disadvantages of condo living in an effort to help you make a well thought out decision. Kindly read on.
Condominium units are situated in strategic locations. They're near places of work, shopping centres and educational institutions. Their comparatively small floor area translates to low maintenance.
Sadly, living in a condo is not exactly all about savings. There are instances when monthly charges increase all of a sudden due to various reasons. This may not be too favourable for those who have little to spare. In addition, another disadvantage is that when poor administration and maintenance practices are observed, you really can't do much about it. Even so, that will negative affect your property value and quality of life.
Since an increasing number of people prefer purchasing a condo unit than renting or buying a single detached home, there are several companies who build units in order to answer to the rising demand. There are those who even offer Condo interior design and Turnkey project management services to their clients. These conveniences lessen the worries of their clients and allow them to start enjoying their new found independence or for others, the new chapter of life in having a family.
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