The reason why there are more condos for sale in BGC over homes is that people there wish to be able to live the luxurious lifestyle of the city while minimizing their financial and physical stresses. The people that live in condo units enjoy the practicality of maintaining and paying for a small space. Aside from these, there are other advantages of living in a condo unit over a regular home and they are all listed below:
Condominiums have desirable amenities that are available for all their tenants to use. These include golf courses, swimming pools, clubhouses, sports courts, and fitness facilities. These are the features that are very expensive or even impossible for one to install in his home. In a condominium, the fees for the usage and maintenance of these is affordable because it is divided among all the tenants. For this reason, tenants enjoy these amenities at a really reduced monthly fee.
Many condominiums have very strong communities and interpersonal relationships between tenants. Usually, this is seen in condominiums with well-placed common areas, some high amount owners (as opposed to renters), and engaging social events. This is perfect for people that enjoy social interaction.
On the other hand, there are condominiums with a quieter culture for people who loves staying in a tranquil place. These can be found in condos with more renters than owners. In addition, the chances are high that the interaction will be less since there are short-term deals and the possibility of tenant change, which in turn, more privacy is enjoyed.
Owning a home in your ideal location could cost you millions while owning a condo unit in the same place could cost a fraction of this. This is a very attractive alternative for people to enjoy the lifestyle they have always dreamed of while saving a huge amount of money.
The only thing that tenants are responsible for maintaining is their own units. The hallways, amenities, and other common areas are all maintained by the management. With the small space that tenants are responsible for, they save on hours of their day (and even their lives) spent on cleaning – they can spend this valuable time to be able to pursue their other desires. Many owners that previously owned homes have stated that owning a condo unit gave them the much-needed break from the constant upkeep of a large space.
Not only is a condominium a good investment in terms of shelter, but also in terms of business. Either the value of the unit will rise over time for one to sell later on or the space is an attractive unit for renters to avail of – the latter is a more common business. Again, location is a factor as some renters may be attracted to rent your space because of the nearby attractions. For example, a unit near the beach could earn you thousands or even millions during summer.
Basically, everything in a condo unit is cheaper, closer, and more feasible than owning a home – from the available amenities to its rental costs. In addition, it also presents owners with more opportunities for business and time management. Living in a condo unit is a smart lifestyle choice that could be the stepping stone to your perfect life.