While residing in an apartment is implicitly carefree, condominium brings its challenges. If you understand the advantages and disadvantages of this type of housing, you can decide whether it makes sense for your current and long-term needs.
Condominiums that share common areas, lobbies, hallways, and amenities could be a better choice for those who value privacy, such as those with limited or no access to public transportation like LIV @ MB Condo. The benefits of living in a condominium unit are identified by the personal needs of the owner, the location of the property, and other factors. Lifestyle and costs can help determine whether a family home or condo is more suitable for your needs. A homeowner can buy a house and the land on which it stands, while condominiums cover the living space, but not the house.
Affordable yet Luxurious Way of Living
Condominiums are the most comfortable and luxurious way of living. Renting an apartment is higher than renting with less commitment and lower costs while buying a house is accompanied by more privacy. Condominium residents can take advantage of club-inspired amenities such as pool, gym, fitness center, pool house, tennis courts, and total security and building maintenance. Owners of condominiums should prepare for the cost of community space, often referred to as homeowner association fees.
Suitable for Building a Community
There is a saying that it takes a village to raise a family. It applies to most of the family when choosing the neighborhood they want to live in. Condominiums themselves appeal to those who want to be social neighbors, and couples are looking for a unit. Since they do share common areas, there are chances that everyone knows anyone within the community.
Facilities and Amenities
Depending on the residence, you will have access to amenities such as a swimming pool, barbecue area, and covered parking. The occupants share the cost of using these perks, sharing the property with other people in the building. A condo offers excellent amenities, can be just as affordable as renting an apartment, and is typical. A condominium can provide more exceptional facilities for a fraction of the cost of a family home, as well as the same security level as a detached home.
Condominiums are within walking distance of many of the city’s most popular shopping and entertainment districts. It makes a living in the city more susceptible because it usually located in nearby malls, schools, hospitals, and offices.