If you are planning to buy a new home, a condominium might seem to be an appealing option because of its benefits. Like any other type of accommodation, living in condominiums or condos also has some advantages and disadvantages. If you are wondering whether to buy a condo or not, look at its pros and cons mentioned below.
No Need of Outdoor Maintenance
Condominiums don’t have a personalized lawn or a yard area for individual homes. This means you don’t have to take care of the plants, mow the grass regularly, keep pests and rodents away, shovel the outdoors, or maintain the outdoor space. The management or homeowners association take care of repairs, maintenance, and cleaning of the common outdoor space, garden, swimming pool, etc. This way, you can save a lot of time, efforts, and money.
Increased Safety and Security
Most condominiums are equipped with surveillance cameras, 24/7 security guards, and other security services and systems. These facilities ensure an overall safety and security not only of your home and family but also of the entire building. Also, unlike traditional homes and bungalows, residents live in close proximity to each other which means a lot of people can be called for help in case of an emergency.
Equipped Lifestyle at a Lower Cost
Most condominiums already include special amenities like a gym, swimming pool, play area, fitness center, sauna, etc. They offer various recreational and health amenities which are not usually found in single-family houses or duplexes. Hence, at a reasonable price, you can make the most of the several additional facilities.
Affordable Living Space
Owning a house is the biggest dream of every individual. Condominiums are more affordable than properties like a single-family home, a townhouse, or a multi-family building. Condominium apartments are the most inexpensive homeownership options available that also provide a high standard living. The monthly mortgage paid for owning the condominium is more advantageous than paying the rent of or owning an apartment, or a house with a lawn.
Accessible to Facilities and Transport
Generally, most condominiums are located at the centers of the cities or near the urbanized areas. These areas have several facilities like shopping centers, retail stores, entertainment and recreational facilities, institutions, places of worship, hospitals, etc. They are also located in the close proximity of the public transport facilities. This way, you can have a hassle-free, balanced lifestyle.
There are several reasons why condominiums in Alberta are popular to newer as well as the mature generation. Although you don’t actually own any land space, the ease and convenience of modern living with the means of a condominium is something that attracts home-hunters. Are you looking for a condominium apartment? Contact our real estate agents in Alberta. Since 2007, we have been selling real estates and providing unmatched customer services to our clientele.