Living in a condo is, overall, beneficial for people who are looking to simplify their life. This guide covers seven advantages that come with buying or renting condos that aren’t possible when you live in a single-family home.
1. Condos are Cheaper
Condos are typically less expensive than the average house located within city limits. With rising land prices and demand for individual houses, it’s almost impossible to find anything at an affordable price point inside any major city – unless you move away into the suburbs. Meanwhile, there are still many condos coming on the market every year, which means that they’re reasonable options for both first-time buyers and retirees who have decided to downsize.
2. They Offer More Convenient Living Spaces
Condominiums allow people to benefit from amenities that they might not otherwise have access to, such as pools, fitness centers, and party rooms. Several condos also offer rentable storage units where you can store your belongings if you’ve decided to take an extended trip abroad or if you’re simply trying out a minimalist living for a while.
3. They Usually Come With High-Speed Internet
Before buying any condo from the best new launch condo in Singapore, find out what Internet speeds are offered. Chances are very good that the place comes with Internet speeds of at least 100 Mbps – more than enough for online gaming and 4K live streaming on services like Netflix. If it doesn’t, don’t be afraid to negotiate the price down until the condo owner is willing to install faster Internet.
4. They Offer Home Security Measures
Property crime rates continue to rise in most large cities, making it important to invest in homeowners insurance and other safety measures for your home. Condominium buildings usually come with their own security systems, which is something that you can’t get from living in a free-standing house.
5. They Allow You More Control Over Utilities and Maintenance Issues
If you’re tired of having to deal with the electric company every time your power bill goes up because of faulty insulation, condo living is ideal for you. With condos from the best new launch condo in Singapore, what would normally be handled by individual landlords is instead taken care of by the condo association. This means that you get to avoid dealing with rental agents and focus on actually enjoying your life.
6. Condos are More Environmentally Friendly
The average single-family home is 4,000 square feet in size and takes up about 1/4 of an acre. For condos, the number is usually 2,000 to 3,000 square feet and there’s no need for a private backyard. That means that you’re living off of much less land than when you live in a house, which minimizes your environmental impact.
7. You Benefit From Surrounding Amenities
Condos can be found near shopping malls and restaurants in most major cities and towns. Aside from often being equipped with their own gyms and pools, they also tend to come with access to public transportation systems such as buses and trains. Living in a condo from the best new launch condo in Singapore allows you to enjoy its surrounding amenities without having to own a car (though this is often possible).
Condo living allows people to enjoy the benefits of single-family homes without having to actually deal with all of the hassles that go along with owning one. If you’re looking for a low-maintenance, convenient way of living your life, then look into condo options available in your area.