5 Reasons Condos are Increasing in Popularity

Plenty of us have considered moving into a condo, without really knowing what it is. Here are 5 reasons why condo living is getting so popular!

Photo By: Grig Stamate

A condominium, or condo for short, is a private apartment which is situated within a larger building or community. People who live in a condo will own it and will pay individual condo insurance, while not owning other parts of the building. They will pay to maintain the communal areas. You’ve probably heard the word condo being thrown around liberally over the past few years. This is because they’re becoming increasingly popular. But why?

Affordable Amenities

We all want to live somewhere with a private pool, fitness centre and beautiful gardens. But, for most, this isn’t affordable. When you own a condo, you get access to all of these amazing amenities. Ok, so the pool isn’t just for you, but it’s still a treat to have on your doorstep. Most of us can’t afford properties with private pools, large gardens and a home gym, so condos make these luxuries a little more affordable.

Low Maintenance

We all want to live somewhere with a pool. But most of us don’t love the thought of cleaning it. One of the reasons for the popularity of condos is that they feel very low maintenance. Every condo building will have staff to keep the communal areas tidy. This means no more mowing lawns, trimming hedges, removing leaves from the pool or wiping down exercise machines. However, while you’ll enjoy these bonus services, it’s important to be respectful of your environment and the maintenance staff.

Photo By: Luxury Living Chicago

Good Locations

Many people love condos because they tend to be in convenient locations. Many are tower blocks, and this means that they can be close to thriving cities. While living in a suburban house generally means a significant drive to the grocery store or office, living in a condo means late night pizza, walks to the city and a simple commute.

Security

Condos are also becoming popular because of the added level of security that you don’t get in many other properties. Most are gated communities, which means that break ins and robberies are significantly less likely. Many also have security staff at night and cameras. The fact that there are plenty of neighbours around means that, if you are unfortunate enough to be robbed, there’s a higher chance of someone seeing something suspicious. Those who like a little extra safety at night benefit from the services provided in a condo.

Friendly Community

For many people, condos are lovely sociable places to live. The communal areas make it easy to get to know your neighbours in a way that seems more challenging on a suburban street. While condos also offer plenty of privacy, you might bump into your friends in the gym or plan a pool day with the family next door. Some people might not be sold on the social aspect, but a community atmosphere also means better security, more babysitting options and generally kinder, more polite neighbours.