Condo living often elicits images of carefree weekends sitting beside the pool, but there are some
pros and cons to consider before making a purchase.
1. The Lifestyle Itself: One of the biggest advantages of condo living can also become a
disadvantage. The sense of community, amenities and other features that originally attracted you
to a community may change as your needs and desires change. Make sure you select a condo that
truly reflects a lifestyle you will love.
2. Shared Responsibility: A condo association establishes many rules and regulations -
typically by majority vote. Likewise, maintenance and repair costs are also shared by members.
Things can get dicey when individual members are at odds with the majority. Examine
your willingness to abide by rules,regulations and associated expenses to be adopted by the
community.
3. Privacy and Autonomy: In some instances, condo living can resemble apartment living
with less space and individual autonomy. To make the most of condo living it’s essential for
residents to remain involved in the decisions and activities of the community. Those with a need
for privacy and autonomy may feel more comfortable with single-family homes or other housing
alternatives.
4. Still a Need for Repairs: Many major repairs and maintenance items are taken care of by
condo associations, but not all, so condo owners aren’t completely off the hook. Condo owners
should set aside a little time to take care of routine repairs and interior maintenance on their
units.
Condo living often elicits images of carefree weekends sitting beside the pool, but there are somepros and cons to consider before making a purchase.
1.) The Lifestyle Itself: One of the biggest advantages of condo living can also become adisadvantage. The sense of community, amenities and other features that originally attracted youto a community may change as your needs and desires change. Make sure you select a condo thattruly reflects a lifestyle you will love.
2.) Shared Responsibility: A condo association establishes many rules and regulations -typically by majority vote. Likewise, maintenance and repair costs are also shared by members.Things can get dicey when individual members are at odds with the majority. Examineyour willingness to abide by rules,regulations and associated expenses to be adopted by thecommunity.
3.) Privacy and Autonomy: In some instances, condo living can resemble apartment livingwith less space and individual autonomy. To make the most of condo living it’s essential forresidents to remain involved in the decisions and activities of the community. Those with a needfor privacy and autonomy may feel more comfortable with single-family homes or other housingalternatives.
4.) Still a Need for Repairs: Many major repairs and maintenance items are taken care of bycondo associations, but not all, so condo owners aren’t completely off the hook. Condo ownersshould set aside a little time to take care of routine repairs and interior maintenance on theirunits.
