That is what living in condo is all about. Given the expensive cost of owning a condo unit, you might as well say that it is ideal for individuals who have a lavish lifestyle and earns a good salary. A Canninghill Piers condo is a complex structure composed of individual units, which are often referred to as condo units. Unlike apartment-type complexes wherein individual units are for rent, condo are leased for sale. These units may be renovated apartments and townhouses or even warehouses previously used for commercial purposes.
Purchasing the Condos
Individuals or families who have purchased units in a condo own everything from the walls of their units inwards. Individual condo unit owners share rights to common areas inside the premises like elevators, swimming pools, hallways, and clubhouses. The maintenance of these common areas becomes the obligation of the condo association, which is composed of individual owners. Every owner have their share of interest in the association, adhering them to make monthly due payments or so-called 'special assessment fees' for huge maintenance problems.
Affortable and Lifestyle
Condo provide an alternative lifestyle for many individuals especially those who want to be independent and have their own place that they can call home. Contrary to popular belief, there are condo that are affordable. They cost less than paying for conventional home purchases. It is quite cheaper compared to building your own home from ground up. This kind of living quarters is ideal for young professionals as well as small families. In addition, it provides essential amenities such as round-the-clock security and low maintenance.
Maintenance
Despite of the aforementioned disadvantages, there are still individuals who prefer living on condo. They do not mind having close neighbors at all and they do not want to be bothered by the responsibility of the lawn or other external maintenance matters. And since the total price of purchasing a condo unit is relatively lower than an equivalent single-unit home, there are many individuals who are tempted to take this cost-efficient advantage.
Price and Amenities
Apart from the overall price and amenities available when you decide to live in a condo, you must be aware of the reality that your stint in your unit may be affected by the condo association's decisions. Such decisions may be made in regular meetings that can cost an individual unit owner more money, and is virtually impossible to avoid being affected by at least a single decision. It is encouraged that you actively participate in the association's meetings and forums. Living in a condo is financially advantageous than apartment rentals, yet it will require your active participation in community-related events.
Luxury and Grandeur?
That was living in a condo before. Today, you have the financial advantage of owning a place you can call home. Just a reminder: be active in the association and cooperate with your co-owners. That will start your wonderful experience living in a condo.
