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As a matter of fact, condos are getting more and more popular; it seems people prefer this secure kind of investment from the hard, expansive and uncertain investment a house may represent.
Here are 5 simple reasons as to why these tall buildings are always getting more and more present in your metropolitan area!
1. No hassle & no management!
One of the main positive aspect in condos is the fact they are totally managed, or almost. In fact, the moment you have an medium sized condo (10 units or more) there is most likely a dedicated management team who will take care of it. In fact, they will maintain both the exterior and the interior of the condo (no more lawn work!), the finances and also the disputes between neighbors! That’s just wonderful.
2. Public facilities
In most condos, small or big, there will be public facilities like pool, park and gym. This is wonderful as their price is shared among all co-owners and they’re almost private.. Who could afford such facilities in a normal house?
3. Common investment
On the financial aspect, condos are very safe.
They are a huge investment but made along with several other people. The number of people and of course the investmnent makes the whole thing more secure as the risk is splited-up among everybody.
4. Parking
In condominiums you must often get interior and secured parking. In any city, this is a big plus as there are many act of vandalism. Not only you will get your car secure in the interior parking, but it will be heated all the night and at a good temperature each and every time you’ll use it.
5. Proximity
Condos are amazingly well located into cities. As you may have noticed, most of them are built in height on several floors, that kind of constructions enable much more living space than a normal house. As a matter of fact, that makes them perfect for dense cities, most often they are very well located for a fraction of the price a house as well located would cost.
Hope this little list helped a little, keep in mind condos are a very good housing type but they do have their disadvantages too!