3 Benefits of Owning a Condominium

3 Benefits of Owning a Condominium

Are you planning to purchase a home soon? After years of working hard and plumping up your savings account, you’ve finally secured enough money to buy a house. While saving for housing funds was extremely challenging, what comes next may perhaps be an even more difficult task – identifying what type of home you need or want. Most prospecting homeowners narrow down their options to either a single home or a condominium unit. Both housing options strike appealing to different buyers, yet condos may have the upper hand.

A condominium is not a definition of the housing structure, but rather signifies the form of ownership given to the buyer and new owner. When you buy a condo unit, you are actually purchasing the home unit plus a portion of any amenities that the property owns. This may include the reception area, lobby, hallway, rooftop swimming pool, mini cinema, etc. For this very reason, the main cost of a condominium unit is understandably higher than basic single homes. Nonetheless, the luxuries and benefits you get easily make up for its initial expenses.

Prime Location

Location is perhaps one of the main reasons why people purchase a condo unit. Condominiums established in secure and well-developed areas appeal to many affluent buyers who have enough money to splurge. Condominium areas are commonly located near business districts, shopping centres, schools, government facilities, law enforcement, and other landmarks that people would want to have access to on a daily basis. Condo units are also smartly positioned near main roads for transportation availability.

Apart from outside amenities, condos also have amenities and freebies for its community. An indoor swimming pool comes standard. A fully stocked mini bar and restaurants are also open exclusively for members. Movie theatres and meeting may also be featured, yet limited to members of the condominium.


The amount per square footage of a condo unit is usually less than the expenses of an identical detached housing. Your monthly premiums on a loan will also be lower than what you would have paid for rent on an apartment unit having relative space and quality. Apart from the initial cost, the ongoing expenses for condominium living is also cheaper. Condos require less maintenance to keep the structure in tip top shape. There are also no lawns to maintain nor plumbing systems to worry about.


A condominium building enforces 24/7 staff and use the latest security systems there is for military-grade protection for its building tenants. The entrance should be first gained via the common entrance way and then to a private entrance. To add up, since the number of people you live with in the same building is limited, residents often notice people who do not belong to the community hence criminals are stopped even before they can pass the lobby.

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