A Few Reasons You May Want to Invest in a Condo Rather Than a Single Family Home

Posted by Terri McAuley on Thursday, January 5th, 2017 at 9:22am

Invest in a condo

According to the National Association of Realtors, approximately 5,250,000 existing homes were sold in 2015, but not everyone looking to buy a home actually purchased a house. That's because condos -- especially luxury condos in hip urban locales like Chicago, New York City, and San Francisco -- are one of the most popular types of housing today.

If you're on the fence about whether or not to invest in a condo, here are a few of the many benefits to consider when looking at luxury condos for sale.

condos

No Outdoor Maintenance

If you're not the kind of person who wants a yard and the maintenance that comes with it, a condo might be best choice for your lifestyle. If there's outdoor landscaping, it's taken care of by staff on the premises. The condo association will take care of any outdoor maintenance needs that arise without you needing to lift a finger.

Better Neighborhood Security

Luxury condos are often prized for their top notch security systems. In addition, most condos are enclosed in smaller spaces, which provides tighter security and fewer places for burglars and other criminals to break in undetected.

Amenities, Amenities, Amenities

If you value amenities like a pool, a fitness center, or a community center, then this kind of luxury real estate is definitely for you. Condo facilities usually include a pool, a gym, and many other amenities for their residents. If you purchase a home, many of these things are outside costs, but a condo would include all of these in the price.

More Affordable

If you want to take the first steps into ownership, but aren't quite ready to purchase a home with a sprawling suburban yard, a condo can be an excellent starting point. Not only are the amenities and maintenance services included, but the prices are generally lower than those of single family homes -- even though condos often have better locations. You may even find that condo ownership is more suited to your lifestyle than home ownership in the long run.

Buying a condo is a great first step for those first-time home buyers and for those who want certain amenities in their lifestyles. These are just a few of the many benefits associated with condo ownership, which can be a valuable investment for years to come.

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By:  Terri McAuley

Chicago Condos for Sale

Cell: 312-330-3211
Website:
www.WeKnowChicagoRealEstate.com

“Chicago’s Luxury Condo Specialist”

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