Pros And Cons Of Condo Living

There are many reasons why the Condo living lifestyle would be the best fit for you. May this be your first purchase or not, there is a lot of stuff you still need to weigh in. If you are still undecided, the following are a few points that might help you choose.

Affordable Or Investment Risk?
Essentially, living in a condo means you share ownership with everyone in the property. It implies that unpaid dues can financially affect your entire community. It would be the same as well, with foreclosures, which can harm property values for the whole community.

On the other hand, living in a condo gives you lower maintenance costs. The HOA handles the maintenance of the building’s exterior. It covers the roof, driveways, walkways, exterior siding, lawn, and others.

Your Privacy and Security
Sharing spaces come in the territory with condo living. You would share not only hallways, lobby, and other facilities, but also your floors, ceilings, and walls. Adjoining neighbors might mean noise issues. Condos can be very busy with a constant stream of tenants going in and out.

Security staff on your building and friendly neighbors also have their advantages. You can feel more safe having people around you. They can come in handy, especially when you travel a lot or work at odd hours.

Amenities and House Rules
Not all complexes give assigned parking. It may become inconvenient when you have to carry your groceries a long way to your unit. There are also issues with storage, as others might only have a limited space to offer for your needs. You might also want to be informed about your HOA’s rules about keeping pets, patio furniture, trash pickup, and others.

There are condo communities that have great amenities you share with other residents, too. If you want to, you may look for one with a pool, grilling area, clubhouse, dog park, or covered parking. You might also be interested in social events that HOAs organize for their community. These gatherings can help neighbors get to know and meet everyone in their complex.

Choose a condo that would best suit your current needs. Just don’t forget to obtain condo insurance from a credible source.

At Sherzer Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (239) 673-9301. You can also request a free quote by CLICKING HERE.