Verve Suites KL -The Home of your Family
Wondering if buying a condo is right for you? For some, owning a condo may be the perfect way to invest in property without the hassle of yard maintenance or working on major repairs. But condo living has its share of disadvantages as well. Buying a condo is a major decision that should be approached carefully. To help you make the best choice, we’ve covered some advantages and disadvantages of buying a condo below.
The Advantages of Buying a Condo
* Flexible Living
A mid-sized condo is perfect for buyers who want to downsize from a larger home or who don’t want to spend a ton of time maintaining a house. A smaller space provides more freedom for residents who want to spend time traveling or enjoying their city instead of constantly working on home improvement.
* More Affordable Than Single-Family Houses
In larger cities or beachfront locations, a condo can be much more affordable than comparable houses, making it a less intimidating buy for first-time homeowners. In some cities, owning a condo is also often cheaper than renting an apartment or buying a townhouse.
* Cheaper Insurance
When you own a condo, your homeowners insurance only needs to cover the inside of your home, as your monthly HOA fees will help insure the building or complex you’re in. A house, however, requires insurance for inside and outside. This means your rates will often be cheaper than the insurance needed for a house.
* Great Sense of Community
Most condo buildings and complexes have communal spaces, such as kitchens, patios, or rooftops, where residents can get together and get to know one another better. In addition, condo communities usually host fun events for residents like movie nights, game nights, wine tastings, cookouts, and more.
* Proximity to Entertainment & Business Districts
One major advantage of condo living is that condo buildings are typically found in or around downtown areas, so residents have great access to nearby entertainment and business districts. This means living within walking distance of restaurants and bars, public transit, major attractions, and tons of events.
* Top-Notch Amenities
You don’t have to live in a luxury condominium to enjoy nice amenities. Most condos have community spaces like a pool, rooftop terraces, or a fitness center, which you can use without worrying about the upkeep. Some condos even have tennis courts or spas! Keep in mind that the more amenities a condominium complex has, the more your HOA (homeowners association) fee will be each month.
* Appliances Included
When you buy a house, you often have to buy appliances like refrigerators, ovens, and washers and dryers. Of course, these appliances can be included in the sale, but you’ll have to update them in the future if you want to sell your house. Most condos come pre-furnished with these appliances, and in some cases their repairs can be covered by building maintenance, which is a major advantage.
* Covered Maintenance
Condos offers residents the opportunity to embrace homeownership without the hassle of yard work, snow shovelling, or home repairs. Building hallways, entryways, and community spaces are also taken care of by a cleaning or maintenance staff, so you only have to worry about your living space.
* Good Security
Most condo buildings have secure entrances and surveillance cameras, and some even have security guards or doorman who keeps an eye on the property. This is especially great for those who live alone.
* They are worry-free
Because the condo unit is already available, you will not have to go through the phase of worrying about its completion. As a buyer, you will not have to wait for years wondering if the target date of completion will be followed, or worry about the length of delay should there be any. No need to worry about any changes in the fittings, finishing, and the quality of the finished product as you are getting what you are actually buying.
* They Are Ready to Be Inspected
One of the many joys of shopping around for a home is to actually visit each one of your options and choose among the best. Before even deciding on a specific unit, you can check all the available inventories for sale. You can check all of their actual sizes, cuts, and orientation; inspect the current condition of each unit; see the fixtures if there are any; and even scrutinize the view outside the window. This way, you can be sure that the unit you are getting is up to your standards after a thorough inspection.
For more information, go to Verve Suites KL for more information. Get your own verve mont kiara property before it’s too late!
Verve Suites KL -The Home of your Family