3 Benefits Of Buying A Condo

by Baron Marsh 10/07/2019

Condominiums represent a special kind of real estate.  In the end, there are a lot of benefits to condo ownership.  But here we’re going to talk about what we think are the top 3 benefits of buying a condo.

1 - Exterior maintenance is taken care of for you

Photograph of an apartment building or condo development in a tropical locale to illustrate, "3 Benefits Of Buying A Condo".If you are one who truly dislikes mowing the yard on a hot and muggy Florida summer day, then purchasing a condo could be a fantastic investment for you.

Typically, a condominium owner pays a homeowners association (HOA) fee that covers the expense of the exterior maintenance of the condo.  So the condo owners have the benefit of a well-groomed lawn and maintained landscaping as well as having the building exteriors and the condo amenities maintained for them.

Generally, severe roof damage is also covered by the HOA through the insurance they have on the property.  The benefits here being if your roof is damaged during a hurricane or other severe weather, the HOA fees you have paid will take care of the repair costs.

2 - Being part of a condo community

Condominium communities exist everywhere and have their own HOA rules and regulations.  Even though every condo community is different, they share many of the same rules to ensure the owners can enjoy the condo lifestyle every day.

For instance, some properties have specific quiet hours, minimizing any risk of noisy neighbors and all the grief that comes with that late at night. Other properties have policies in place that prevent owners from renting their unit out.  Keeping the condo full of owner-occupants insures that everyone cares about the neighborhood as much as you do.

A condo community might have occasional community events. Making it very easy to get to know your neighbors and build your circle of friends.

3 - A condominium unit can be less expensive than a house

Often a condo is a cost-effective alternative to buying a house.  They are often the most affordable homeownership option available to the first time homebuyer.

Condominiums are offered in many sizes and styles making it possible to find one that fits your budget, lifestyle, and tastes. As stated earlier, the exterior maintenance is taken care of by the HOA, even if the maintenance is needed on your first day of ownership!

Buying a condo is a big decision.  It’s important that you do plenty of research before investing in any kind of real estate.  When you hire a Realtor®, you can search for a condo in your area that meets your needs perfectly

An experienced Realtor® can help you understand all the details of condo purchasing and ownership so that you find the condo that will give you pleasure for many years to come.  Additionally, your Realtor® will keep you current with the market and let you know about condos as they become available for sale and help you through the buying process.

About the Author

Baron Marsh

Hi, I'm Baron Marsh, and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.