One of the things that hinder most people from purchasing condos is that they are associated with complex ownership structures. You will be surprised that there will always be an interest when a new development is ready. In this article, you will learn about things that make the Parc Canberra condo an attractive proposition for the households. These are some of the advantages of condo living.
This is a subjective term that is commonly used in the real estate markets. Ideally, a condo apartment unit will cost less as compared to a single-family house that stands by itself. In this case, you need to look at the size of livable space and not the whole space of the house. However, if budget is not an issue, you may find this to be a small difference. On the other hand, if you are on a tight budget, a condo offers better value.
Less Maintenance Cost
When you are the sole owner of a house, you are responsible for expenses associated with fixing plumbing, gardening, and the roof. Are you comfortable in communal living? Remember that in a condo complex, you are one of the dozens if not hundreds of owners. Although replacing the roof of a multi-family building is quite expensive as compared to replacing the roof of the single-family, economies of scale make it affordable for every single household.
Unless you are super rich, you may not be having your own basketball court, gym, or tennis court built within the compound of a stand-alone house. You will find these appealing facilities available in most condos, and they are accessible to the residents in the development. Ideally, you will save a lot of money on booking fees spent on the tennis courts, gym memberships, and swimming pool entry charges.
Condos have gates and fences with restricted access. That means only residents who hold a key card are allowed into the premises. Also, there are security guards at all gates and entry points. Therefore, you are guaranteed that intruders will not gain access to your house. In fact, this simple and privacy feature is quite important to deter criminals from gaining access. Also, you should take responsibility for keeping your family safe by adhering safety protocols and even hazard management.
Some people like being part of a community. Others hate it. When living in a condo, you can be assured that you will not have the same level of privacy as you would in a private landed house.