What Makes Condominium a Top Choice of Today’s Generation?

It is believed that “men build houses but houses shape men”. With the increase pressure and stress of todays’ generation, man’s only escape is his home. Our dwelling place is considered as a place that provides individual physical health and comfort as well as for his mental and emotional satisfaction.

Today’s generation is far different from the generation before. Today’s way of life, family organization and size, choices of ways to spend money, leisure time and other activities are all different. Demands placed on housing have taken a definite change as well. With the new demands being placed upon housing, the familiar single dwelling unit no longer interest most of the dwellers. Multi-unit structures, such as condominiums, are presently dominating the housing market.

What is a condominium?

A condominium is a type of real estate property where residents own their respective units and all dwellings share ownership of common areas. Condo units normally share walls and the land in the condominium project is owned in common by the residents.

What makes condominium a top choice of today’s generation?

Low-maintenance living

Since condominiums are shared by many residents, all condo residents have to pay its maintenance fees. This means that all major expenses such as gardening, snow shoveling, window cleaning and even occasional expenses like repairs are shared by all the condo residents through the condo dues that are being paid monthly. In fact, condos are best for buyers who don’t want the higher maintenance or responsibility of owning their own house.

Sense of security

Condos have secured entry and exit points, 24/7 security guards on duty and security cameras everywhere. There are security monitors and intercoms to ensure safety of condo dwellers. This can also be a perk if you work odd hours or travel frequently. You don’t need to spend for all those fancy and expensive security systems because the condo will take care of that.

Ideal Neighborhood

            The community in a condominium is an ideal neighborhood. It’s quiet and people respect everyone’s space. Condo dwellers are mostly on-the-go but you could sense the friendly and kind vibe. Condo management or HOAs usually organize social events to see to it that everyone gets to know each other. There are also rules to follow for everyone’s benefit.

Affordability

            Condos are affordable and available at very competitive prices especially now that there are a lot of developers in the market. Condos tend to be more compact and require less land than single- family homes, they can be a more affordable way to own property. Property taxes tend to be lower as well. For some first buyers, condos make ideal starter homes precisely because they don’t have the upkeep and maintenance of a detached home.

Access to amenities

            Living in a condo will provide you access to almost anything you want or need. You do not have to be a member of any fitness center nor travel just to be able to buy food or the essentials. Moreover, condos have fitness centers, pools, and even convenience stores or cafes within the property that makes it easier for its residents to do a lot more of what they need to do without having to step out of the building.

Easy access to highways

Condominium developments are usually at the center of everything that ever mattered such as shopping malls, schools, hospitals, banks, and easy access to major highways and public transportation. The investment in location is long-term. You will be surprised at the amount of time you save because it will take you only few minutes to get to work, not to mention the fuel you’ll save and the level of stress you experience every day because of traffic.

In general, living in a condominium has a lot of perks and it makes life easier. It is indeed a good investment and making your life more convenient.

If you are now planning to move in a condominium, it will be the perfect time to partner with ONYX Insurance agent. Our agents are well- trained to assist you on your needs. For more information, contact or email us now!