Many Real estate investors appreciate the benefits of condo real estate and have been invested in them since the Condominium concept was created. There are various type of Condominiums for sale everywhere on the market. However, the misconceptions about condos can often discourage potential buyers and investors from taking one on for themselves, here with this post, we hope to dispel some negative information.
- Privacy issues
The truth is that walls divide condos. However, that does not mean that you cannot enjoy privacy. New type of Condos are now offering fewer units per floor or per building so that residents have exclusivity and privacy. Much like at Windham Place Condos great care was taken to ensure privacy with top of the line sound proofing but door placement and other architectural details. Besides, here we are also offering private patios where residents can have their space.
- Limited storage and living space
Most homes in the real estate market offer ample space for residents. The same applies to condos because condo developers have come up with several ways of offering additional storage, storage lockers and living space for condominium residents. Really though, do you need so much stuff? Lol, live light and feel free!
- You feel boxed
If you think living in condos feels cramped and that you don’t enjoy the luxury of comfort and space, better think again. Most condos these days have been advanced to offer luxury living. You need to get a condominium that will leave you feeling at home. Most importantly, most condos are located in gated and exclusive village, so you can enjoy the luxury that comes with it.
- You can’t personalize a condominium
Most people have this misconception that after buying a condominium, they cannot change its design or layout. They think that they are enslaved to the current design and layout. Well, that is not true. You can renovate your condominium as long as you do so within the standard building codes provided by the developer. You can play around with the furniture, house accessories, and light fixtures. However, there are restrictions concerning personalizing condos because some developers will not allow you to drill out holes. However, you need to own the house by customizing it.
- Condos are only fit for single homebuyers
Condos are suitable for not only single homebuyers but also growing and starting families, young professionals who want to be independent, and retirees. You just need to get a condominium located in a suitable neighborhood depending on your preferences. Retirees can invest in condos especially if they want to downsize their living in regards to unit size.
- The nightmare of association fees
Many people talk about paying high Condo fees. However, the truth is that you have to pay for homeownership costs regardless of the property type. Monthly maintenance fees for condos are shared to retain employees who manage the property and to maintain common areas secured and manicured. When you buy a Condo become part of the condo board and during monthly meetings you will come to understand the workings behind the association fees for the condominium and have a say in how things are run and perhaps even save the Condo some money!