Condos- Are you Ready to get One?8233295
A condominium or condo is different from a private home dwelling since it refers to a huge complex with several units. Being a potential real estate buyer you can have ownership of person units. You will have your own apartment but you'll be sharing other amenities (within the complex) like roof, lawn, garden, gym, pool, badminton court etc online websites. Now, this poses an original challenge for potential condo buyers. Why? Let us find out once we read on.
Condos: It is possible to sense of ownership?
Firstly, a flat does provide you with a sense of ownership. However, it is restricted to the 4 walls of the room. As mentioned previously above, you have to share one other amenities from the property viz pool, play court, gym and roof etc with other people. So, people all willing to taste complete freedom of running a house, will find it a bit difficult to adjust here. With regards to your private house, every inch from the property is owned by you- garden, lawn, pool and so on. However, it is not so with condos.
However, an advantage of investing in a woodleigh condo residences is the lowered maintenance costs. In the event of private residence, your freedom to say ownership of each square foot of land includes its group of responsibilities. You have to pay up for that maintenance and repair works related to all these amenities. However, with regards to condos you can share the expenses just as you share ownership from the amenities.
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The condos are specifically popular in places where the value of residence is really high. As an example, you shouldn't be surprised to locate a lot of condos in holiday hotspots. This really is partially because of the fact that single-family homes grow to be expensive propositions where there is scarcity of more space for buildings.
Condos: A selection not an option
So, basically it all boils down to your choice to give up on your "ownership" wishes to settle for comparatively cheaper (then private houses) condos. However, there's simply no reason to think that condos are just an option for homeowners and not their choice. There are people who willingly be satisfied with condos since they are reluctant to assume responsibility of your entire house.
The condos are managed by efficient associations who take care of the maintenance and repair needs frequently. Even if an easy in your own apartment has gone out you can have the electrician right at your doorstep by simply making a call for the building managers. However, you need to know that the use of the amenities is controlled by a string of legalities spelt out by the association. Plus you've got to abide by these rules at any cost.