Condos are the individual units that have some shared portions like the balcony, walls, etc. People prefer to live in condos as they get a great lifestyle with many different amenities and facilities and are affordable too. You need to choose the condos that are located at a great location like piermont grand exec condo and also keep a look at all the advantages and disadvantages before buying a condo.
Let us know the advantages and disadvantages of buying a condo which is as follows:-
- Great amenities and facilities
Condo association provides great amenities and facilities to its members like swimming pools, fitness centres, and many others. The condo provides a great lifestyle to its members, and also you don’t have to worry about the maintenance of your condos.
- High association fees
While living in a condo, you have to pay high association fees that include insurance and maintenance fees. No doubt the community provide you the facility of maintenance and repairs but it also charges for it.
- Maintenance and repairs
Condo association provides you the facility of maintaining and making the repairs of your condos. You don’t have to worry about maintaining your condos as it is the responsibility of the condo association.
- Rules and regulations
The condo association has a great list of rules and regulations that need to be followed by the members of the condos. Also, if you deny or break any rule, then you have to pay the charges or might have to pay the penalty for breaking the rule.
Moving further, the following are the advantages and disadvantages of buying a condo. Other than these, there are many different pros and cons too, like condos tend to grow at a slower rate, and also you get close neighbors while living in a condo.