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Reply to "Why do people buy condos?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Live in one and grew up in one and always lived in one. Condos are convenient: my family traveled a lot so it was very easy to turn the key and just leave and never have to worry about maintenance. Even in a townhouse you have to worry about the backyard, what to do with trash, security of the place etc. Condos fill a niche and aren't for everyone but if you routinely travel and want something in a good location then they work. Also space wise, if you purchase a larger sized one (which you should if you're a family) they really don't feel smaller than a house and it's all one floor living which makes it so much easier. +1 on condo living and I can always find them at a discount every time I move and put the difference into the market. [/quote] +1 this is one of the reasons we're looking at a condo. We are planning to travel a lot and just want to be able to lockup and go. Plus: - no more yard maintenance. We have a huge yard. It was great when the kids were young, but they are now in college, and we don't want to deal with yard maintenance anymore - I do want access to a pool and gym in the complex. I hate the idea of driving to the gym. - I do want some walkability. I'm also ok with < ~$700 for the amenities and convenience.[/quote] A large house with a large yard can certainly be unnecessary work if you don't need it. But condos aren't as turn key as people think. Sounds like people who say this never owned condos before, never had damages or flooding from neighbors, infestations (roaches, ants, mice), or special assessments (everyone's "favorite" part about condo ownership). You have to allocate funds for these extra problems just like you have to allocate funds for your home repairs and maintenance. Your condo fee isn't all there is.[/quote]
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