Condos are set up similar to apartments, so there will often be a shared wall or shared floor if they are set up above or below one another. However, this is a small price to pay for the amenities that come along with new condos for sale.
Anyone who lives in a condo will say they absolutely love it, while some will say they wish they’d bought a house instead. It’s best to explore the pros and cons of condos before making a decision, there are many reasons to choose new condos for sale.
No yard to mow! For anyone who doesn’t love yard work this is a huge bonus. Forget mowing because the dues paid monthly covers this work, and the yard will always look amazing! Many first-time home owners are unaware that there is so much work to landscaping and yard care. Not to mention snow plowing, roof repairs, siding, cleaning gutters and so much more.
Further, many people don’t even use the giant yards that come with their house. It’s definitely something to consider. Just beware that many new condos for sale don’t have the funds to make necessary improvements as time goes by.
These are important questions to ask. A well-run association will ensure that they always hold their value, and are a better investment overall. If many members fall behind on dues it affects so many things, especially if it’s a small arrangement of condos rather than one that has hundreds.
It’s cheaper than buying a house. There’s no denying that the cost of a condo in comparison to a house is often cheaper. Of course it depends on the size and other features, but regardless it’s smart to keep in mind the property values of the area and the value of the condo or home, even into the future. New condos for sale are often worth more simply because they are new, and offer new technology and finishes.
Many people that have lived in both a condo and a house report that when living in a condo the mortgage was cheaper, so the overall expenses were more manageable. Keep in mind the cost for the new condo for sale won’t be the only expense. There will be association dues as well. Usually the more amenities the higher the dues. For example, 24-hour security, gym, swimming pool and more all cost money to maintain to dues covers that cost.
For anyone going back and forth between the two options, it’s best to consider how much they have to invest, and not just in the purchase price. If they lead a busy lifestyle they’d do well to seriously consider a new condo for sale. It will be low maintenance and less stress overall. Plus, they’ll have plenty to do depending on the amenities.
If location is important, one can often get a new condo for sale in prime areas such as the beach, right in the city or near popular attractions. It can feel like being on vacation all the time!