Condos were once thought of as only a short-term rental, or a steppingstone to owning your own single-family home, however, despite what many people believe to be true, condos, unlike apartments, are owned by the tenant, making them a homeowner. The only catch to this would be if the homeowner has chosen to use their personal condo as a rental. Many people historically would frown upon condo living as a long-term option for a few reasons, the most popular being that the condo would be rented and not owned, which is fiction vs. fact. The second being that you would lose out on many of the perks that often come along with homeownership, and while some perks may differ, there are plenty of reasons to love condo living just as much as a single-family home.
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While you may not own a large lot with a sprawling backyard, there are quite a few perks to choosing to call a condominium home, many of which are starting to sway buyers to consider more than just the traditional single-family home as a buying option.
Affordability
One of the biggest perks is simply affordability. While in some cases, high-rise buildings and luxury condominiums are accompanied by high price tags, there are many buildings that are more geared toward young families, singles, or those wishing to stay within a respectable budget. With more affordable housing, this allows for more people to enjoy the perks of homeownership without breaking the bank or going well above their desired budget.
Amenities
The amenities are easily a main reason to fall in love with condo living. While each building often has a unique range of amenities, you can enjoy perks ranging from swimming pools, door service, gardens, fitness centers, business centers, movie rooms, and so much more, making your home feel like a near vacation with everything only steps from your front door.
Related: Buying a Vacation Home
Location
It’s no secret that condo living often boasts the best locations. Whether the building is perfectly placed downtown, along the beaches, or near major shopping centers, you generally don’t have to travel far from home to enjoy all the city has to offer. While smaller condo building can generally be found in most cities, larger cities such as Myrtle Beach or Holden Beach boast multiple different options ensuring you can find the perfect home, in the perfect location.
The best part of condo living is that it offers a large variety of styles, affordability, amenities, and more, which allows for those with all tastes and budgets to still find a home in their preferred neighborhoods. Whether a high rise condo building boasting near panoramic views of the water, or a smaller building with a cozy fireplace in the lobby, condo living can be for anyone and everyone.
If you’re currently searching for a new home, regardless of the home style, are ready to sell your home and need a qualified seller’s agent to assist you, or if you have further questions regarding Carolina Real Estate, please feel free to contact our office at any time.