Condo living is a representation of a modern, convenient and fine lifestyle. More people are drawn to choose this kind of living, simply because it fits the needs of many individuals. Whether high-powered, elite people or middle-class, average Joes, will surely enjoy the kind of lifestyle condo living can bring.
Condo living is certainly getting more popular these days. Wherever you go, there will always be some newly constructed building with “condo units for sale” sign even before it is completed. Most newly built condominiums (especially in good locations) can easily be sold out. And even not that the real estate market is down, people would still prefer to rent or purchase a Midwood Condo for their dwellings.
If you have a big family, loves family reunions and owning pets, condominium living may not be ideal for you. However, single, young professionals, college students away from home, live-in couples with no kids and small families will certainly enjoy the comfort brought by condominium living.
Owners of these properties are expected to be different form an owner of a single-family dwelling. To give you a clear picture on what condo living is all about, it will be discussed on the next sections along with its benefits.
Common Locations- The Heart of the City
If you notice, most condominiums are located in places where most economic activities are happening. Because of this, most owners would enjoy the accessibility of transportation, recreational center and various business establishments. In fact, people no longer have to waste fuel. Instead, they can save it for long distance driving for they can just walk to school or for work. Don’t you think living in condominiums within these areas promotes green and healthy living? Of course, it is.
Shared Ownership, Decision Making and Maintenance
When you own condo units, you only own the unit or space you purchased. You and other homeowners within the building mutually own common areas found outside the walls of your unit. If changes were to be made, your consent and theirs will be sought.
Homeowner’s or Condominium Associations manages the property in behalf of its members. You will be required to pay fees to fund their operations. Part of their responsibilities is the maintenance of the place. Hence, in this kind of living, you do not have to worry about loan mowing and cleaning of hallways. It is up to your maintenance to do this stuff. All you have to do is pay-up. Isn’t this a hassle-free living? Definitely, it is.
Assurance of Security and Protection of the Homeowners’ Best Interest
When living in a condominium, you will have security personnel who will help maintain the safety of the place. Any one who goes in or out, expected guests or walk-in visitors will be monitored. Your permission will be even asked before guests are allowed to go up your unit. Don’t you think this is a great way of minimizing disturbance? It sure is.
Considering the fact that the places have multiple owners, securing their interests wouldn’t be hard to do. Most condominiums have covenants, conditions and restrictions to follow. This way everybody will have equal rights in the use of facilities.
Use of Amenities
Some condominiums are built with various recreational facilities, especially when it has generous developers. In fact, homeowners can enjoy free usage of these facilities. Homeowners Association usually pays for their maintenance.