A condo is a happy medium between an apartment and a home. You can purchase it outright and own it, but you will pay monthly association dues. Like an apartment, someone else will take care of maintenance, but you be sharing walls with other condo owners.
But like a home, you will have a yard and more space to call your own. Is a condo right for you? Let’s find out.
Less Maintenance – As we mentioned above, Condos are part of homeowner associations, or more commonly referred to as HOA. Yes, you have to pay an extra monthly fee
to be a part of HOA, but HOA covers undesirable maintenance tasks such as lawn care and shoveling. If you hate mowing your lawn once a week in the summer and shoveling every snow, the monthly HOA fees will feel worthwhile.
Community Living – Condos are part of homeowner associations and tend to be surrounded by many other condos. The yards are usually smaller, so there is less space
between you and your neighbors. It feels like one big community that you are living in – if that’s what you’re looking for. There can be shared amenities such as an office, pool, or workout area. You may find yourself being more active with your neighbors
because you are all in such proximity.
Cost – When homes and condos of the same size on being sold, condos tend
to be the less expensive of the two. Of course, this depends on the quality and location of each, but history shows a condo will be the cheaper option. Yes, the HOA dues add to that cost but remember they cover security, maintenance, and amenities. These
are items that you’d likely pay for in some form or other if you owned a single-family home.
Are you intrigued by the benefits of condo living above? Give us a call, and we can send you a list of the available condos on the market in your area! 907-830-3555.