Most people don’t consider a condominium to be real property, but it is if you buy it. Traditional homes are probably the way to go for most, but if you want to live in New York City, your chances of finding a single-family home are almost nil. Instead, most families, professionals, singles and couples are considering condos or co-ops, because that’s what’s available in the area. A condo offers many advantages and some disadvantages, so it’s helpful to learn about both to make a better decision for you and your family.
Widely Available
When considering the area in which you want to live, you’ll notice that condo buildings are usually in the heart of any large city. Therefore, you’ll need to find out if homes are available and how difficult it will be to find transportation to work and other necessary places, such as grocery stores.
Everything’s Accessible
New York has a way of making everything available. If you want to find an eatery open all night, you can. If you need a pharmacy at three a.m., you can find it. You need to be within easy walking distance to everything you find important because it can be difficult to find parking in large cities.
Amenities
The amenities are one of the most beneficial parts of condo living. You can find fitness rooms, rooftop barbecues, lounging rooms, swimming pools and more. Each building will have its perks, but if you search hard enough, you’ll probably find one with everything you need.
No Maintenance
Another popular advantage of condos is that there is relatively no maintenance. You won’t have to mow grass, trim hedges, clear snow or do much to the home. However, some people do enjoy this outside work, so it could be a drawback for you.
Fees
There are fees associated with a condominium, and they usually come in the form of maintenance or association fees. To have all those amenities and someone else taking care of the grounds, you’ll have to pay more each month to keep up with any problems. Therefore, you can expect to pay more each month. Even if you own a condo, you’ll still have fees.
Rules
There are usually more rules in a condo building than in a traditional apartment. However, these are there to offer a sense of community and higher security. You can always ask about the rules before moving in, to make sure you can abide by them.For more information visit Carnegie Park Condominium.
