The United States is sitting near record unemployment rates. That reality has led to a strong economy and that strength is empowering more and more renters to move into a place they own!
An exciting trend we’re seeing during this “buying boom” is that rather than opting for single family homes, many people are opting to buy a condo.
There are a lot of reasons why condos are a preferable choice over traditional homes. This article is dedicated to outlining the top reasons why condo ownership is such a good idea to help you make an informed decision when it comes time to upgrade your living situation!
1. You’ll Save Money
It’s no secret that condos provide all of the value you’d get from a traditional home at a fraction of the price. So if you’re looking to step into a luxury living situation complete with multiple bedrooms, bathrooms, modern appliances and more, buy a condo and achieve that dream for less!
2. Easy Maintenance
One of the biggest challenges to homeowners is the hidden fees that come in the way of maintenance. On average, a single-family homeowner will drop a whopping 1% of their home’s value in maintenance costs per year.
That means that if you paid $400,000 for your home, you’ll spend $20,000 over the next 5 years in maintenance expenses.
Condos bust that trend given that a lot of largest maintenance costs are handled by the community. Even for the maintenance you need to pay for yourself, given that a condo’s space is generally more economical than a single-family home’s, you’d be liable for a lot less.
3. Less on Utilities
Utility expenses are another cost that can sneak up on you as a homeowner. As a condo owner, you’ll almost certainly save on this front.
Condos typically have modern builds which mean better insulation and lower energy costs. It also means that appliances run efficiently.
Also, again, thanks to the more economical build you’ll find in a condo in comparison to most homes, you’ll have less wasted electricity, gas and water being lost to excess space.
4. Safety and Community
One of the biggest benefits you’ll get when you buy a condo is that you’re part of a community.
You can meet new people at events or in public areas. You can lean on community staff for help with issues. You and your neighbors can even collectively ensure each other’s safety.
With a home, you’re isolated. With a condo, you’re part of something bigger. That means you can always be sure that your neighbors and community leaders will do everything they can to ensure you’re enjoying your living situation!
Wrapping Up Reasons to Buy a Condo
The reasons listed above to buy a condo just scratch the surface on the tremendous value they provide to owners. With benefits like lower costs, easy maintenance, and heightened safety all in a condo’s favor, it’s a must that every family considers one when they’re ready to take their living situation to the next level!
If you’re looking to buy a condo in the Jacksonville area, look no further than our world-class portfolio of available units. The condos we represent, specifically the Waterfall condos located in South Jacksonville beach, will take your breath away with its outstanding views, unbeatable amenities, and unending luxury.