A condominium, condo for short, is an individually owned unit within a shared building or community. Typically condos are equipped with common areas that all residents have access to, including gyms, pools, and playgrounds. Join us as we explore the top advantages of living in a condo!
Top Benefits of Owning a Condo
Condos require less maintenance
One big advantage of living in a condo is lower maintenance. When you live in a house, you're responsible for maintaining both the interior and exterior of your property. However, in a condo, the exterior maintenance is taken care of by the homeowners association. This includes tasks like shoveling snow, mowing the lawn, and painting the outside of the buildings.
When you own a condo, you're able to lock in your monthly expenses
A mortgage is a guaranteed way to keep your monthly payments from rising during times of inflation. With a fixed-rate loan, you can rest assured that even if rental prices increase by 10% next year and more in the years after that - as has happened many times before - your mortgage payments will still remain stable at their current level because it's locked down. This means there's no chance whatsoever that those pesky rental hikes will ever have you worried again.
You can enjoy amenities that you wouldn't have access to otherwise
When you live in a condo, you sometimes have access to resort-like amenities. This includes things like pools, gyms, playgrounds, and more. These amenities are taken care of by the homeowners association, so you never have to worry about maintenance.
Save money on utilities when you live in a condo
Another great advantage of living in a condo is that you can save money on your utility bills. The size and thoughtfully designed layout, coupled with the efficiency of a new construction home, means your electricity bill will be lower, saving you money over time!
A built-in sense of community
Sure, you can get close to your neighbors in a typical, single-family home in the suburbs; however, a condo makes it so much easier to meet new people and make long-term friendships. You can become an active community member by attending monthly events or, in some cases, board meetings. Visiting common areas means the opportunity to find new potential friends. This means taking a dip in the community pool and meeting like-minded parents who are cooling off with their kids. You may form a tennis team if your community offers tennis courts and create an exciting hobby alongside a weekly social event. The goal is to get involved, and you're sure to find your people!
Improved Safety
Condos offer improved safety for residents. Because so many people live close to one another, there's always someone around to keep an eye on things. Oftentimes condos will be equipped with security systems to ensure you enter/leave safely.
Final Thoughts
Moving into a condo might just be the best decision you ever make! With maintenance-free living, built-in community support, improved safety features, flexible locations, and the opportunity to participate in engaging monthly events, condos offer homeowners everything they could want-and more! So what are you waiting for? Start searching for your perfect condo today! Our team at Jenuane can help you out.
We will offer a rate buy-down special with extra incentives, making this month a great one to seal the deal on your dream condo living!