For many people, the choice whether to rent or buy is one of the biggest decisions they have to make in their lifetimes There are several advantages to both options, depending on one's lifestyle, finances, and needs. Condo living is becoming more and more popular for a variety of reasons. Condos are often available for both renting or purchasing, depending on the location. However, rather than being a stand alone, freestanding single family home, they are attached to another unit, typically found in a neighborhood of other condos and/or apartment buildings.
Condo ownership or rental offers a variety of advantages over single family homes.
Neighborhood Associations
Many condo developments are part of a neighborhood association. This is, in many ways, like a neighborhood board that is comprised of residents of the neighborhood. These associations make decisions about the neighborhood in terms of what amenities or services are to be provided for the residents, as well as making neighborhood rules with regard to behavior, d?cor an other issues.
Perks of Renting and Buying
When one owns a condo, there are many advantages inherent in this style of living that can only be found when living in a condo. There are perks to condo life that are generally only associated with either renting or buying. Condo ownership allows for one to have equity and own their own home. One is free to paint the walls, decorate as they choose, and so one.
However, when living in a condo development, the many services are often provided as a part of the association fees that are generally only available to renters. These amenities are often what attract many to condo living in the first place as the benefits of renting are very attractive in that regard, but not in terms of equity or ownership.
Amenities
Condo developments often offer amenities that are generally usually associated with renting. Condo neighborhood associations generally charge dues and membership fees. These fees are used to provide neighborhood-wide services such as general maintenance, lawn care services, snow removal, or even activities such as swimming pools, clubhouses or tennis courts.
The association will determine which amenities are chosen. But this is one of the huge perks of condo living. Being able to own one's own house, while also getting perks such as lawn care services or neighborhood amenities like pools, playgrounds or other activities.
These are just a number of the many positive benefits of condo living. It is easy to see why many are making the choice to rent or purchase a condo, as opposed to apartment living or living in a single family home. There are benefits associated with being a part of neighborhood associations, which are common elements of many condo developments. There are also the perks of both renting and buying. When one owns a condo (or even when they rent) there is the freedom to do with the home what one wants, but there are also perks and amenities such as tennis courts and lawn care services that most owners do not get to enjoy.
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Hong Leong Garden will be revamped into a new mixed development up to 12 storeys of residential and commercial units. You can find out more about other new launches in Singapore at Propertychatter.
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