RSS

Top 3 Reasons to Buy a Condo

Top 3 Reasons to Buy a Condo

Those considering purchasing a new home may want to consider becoming a condo owner. Popular with every homeowner—from first-time buyers to retirees—condos offer many advantages over a traditional stand-alone property. Below are the top three.

Affordability: If you’re looking for a newly built home, a condo is likely to be less expensive than a stand-alone property. Why? Condos are often smaller in size than homes containing comparable numbers of bedrooms and baths. In addition, condos often share many building elements such as walls and roofing, so the cost of construction is often lower, resulting in lower pricing.

Low Maintenance: Condo life is a low maintenance life, as living in a condo means you’re likely paying Property Owners Association dues (POA), which cover many maintenance items such as landscaping, pest services, roofing, painting, and driveway repairs. Having so many services covered is appealing to busy professionals, parents of young children and retirees who may not feel up to mowing and raking. POA fees are typically relatively inexpensive, and for those too busy or tired to take on tasks alone, they are well worth the cost.

Amenities: Condos are all about top-notch amenities. From swimming pools and restaurants to golf courses and clubhouses with workout centers, many of today’s condo developments are filled with fantastic features. Expenses for building and maintaining these amenities are typically shared among condo owners, so you can enjoy these lux amenities at a very minimal cost.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.