Living in a condominiumseems to be a good option for people who like to be in the heart of the city. For many, it is better than living in an apartment. The project, Anil Sathorn 12 has more to offer in times like this. However, before making a purchase, it must be borne in mind that living in a condominium is different from living in a house in an open residence.
Living in condominiums have specific pros and cons. Below are some of them:
- When you live in a condo, you own the space between the walls of your unit and have ownership of the common areas with other owners, but you do not own the land where the building is built. You just share an interest in it with your neighbors.
- Condos offer greater security. Condominium buildings often have security features, whether it is doorbells or a guard service. Plus, it’s easy for you to leave the place for a trip or vacation knowing that you have neighbors you are familiar with. What you may find a problem in is distributing amnesties to your neighbors, and whenever there is a meeting of the association, as part of the community, you have to appear, arrive, and coordinate.
- Living in a condo may be less expensive than living in an apartment, but with maintenance and repair of common areas, your monthly payment could go up. You will be responsible for the pool fee, even if you do not use it.
- More people, especially first-time buyers, prefer condos, as they may be less expensive than residential single-family homes. But in the real estate market, when there’s a downturn, condos are the last to recover. Therefore, it will be challenging to sell a condo after severe weather.