5 Benefits of Owning a Condo Instead of a House

You could be ready to leave your parent’s home after years of saving up for your own residence. You could have a house now and with all of your children grown up and gone you may be looking at purchasing something smaller. Whichever situation you are in, detached houses are usually the go-to, common option for potential homeowners.

However, another option that is growing exponentially in popularity is buying a condo. Below are reasons why you may want to consider purchasing a condo over a house and ways you will benefit from doing so.

1. Less to maintain

If you have ever owned a home, you have probably noticed how much maintenance goes into making the place look decent. From cleaning floors to replacing windows and roofs, the time it takes you to look after your house adds up and after years of doing it, you may get to the point where you do not want the responsibility anymore.

Condos are an attractive option for those who have spent years maintaining a house. This is because for one small monthly fee you can have someone cut your grass, trim your hedges, and clean your windows, making the exterior of your condo look neat and tidy. The inside is a lot smaller than a house meaning it will not take you long to clean when needed.

2. Great locations

If your house was rural or suburban, you probably enjoyed the quiet and privacy that you had. However, if you are looking for a new residence you may want to be closer to amenities and where the action is.

If you have ever been within the vicinity of condo complexes, you will notice that none are placed in rural locations in the middle of nowhere. If you purchase a condo, you are guaranteed a place that will be strategically near grocery stores, banks, restaurants, and malls. Therefore, you will be within walking distance of everything you need and this will allow you to save on gas. 

3. Turn-key

The main objective of people looking for new homes is finding a place where you do not have to change much. That way, you can move in, relax, and begin to enjoy your new residence right away.

Condos are a perfect choice for those who do not want to get into major renovations or redecorations. Previous owners typically have a lot of pride in their unit, upgrading rooms as necessary. As a result, you are guaranteed a condo that is in fantastic condition and you will not have to worry about any changes for years to come.

Because rooms are smaller too, the changes that you do make will be cheaper for labour and materials.

4. Amenities

When you purchase a condo, not only will the location be close to outside amenities that will make your life significantly easier, you will be able to enjoy ones located on the premises specifically for the enjoyment of the tenants.

While condo complexes differ, many are equipped with amenities such as a pool, gym, and laundry facilities. A community hall usually holds activities that bring the complex together and allows people to enjoy a great sense of belonging, including card games, darts, dances, and dinners. 

5. Secure

You always want to be safe wherever you choose to reside. While you did some research into where your residence will be to ensure it is in a safe area, the reality is crime happens everywhere.

Condo complexes typically are gated or at least have a 24-hour security guard on duty, ensuring that people from the public cannot access your condo easily and if they do, someone will be there to assist you. Complexes also usually have cameras placed strategically throughout the area with surveillance being done at all times.