Why Buy a Condo?
If you’re contemplating buying a new property, you may be thinking about purchasing a condo. There are many benefits that make the choice of buying a condo a rather easy one.
Benefit 1: Amenities
One of the biggest perks of owning a condo as opposed to a home is that a condo comes with amenities. For instance, some come with a swimming pool, and the owner of a condo never has to clean or maintain it. Maintenance handles all of this. Plus, maintaining a pool can get costly, and when a person lives in a condo, he or she doesn’t purchase the chemicals. Other potential condo amenities include:
- Gym Access
- Community/Party Rooms
- Billiard Rooms
- Tennis Courts
The amenities don’t stop there depending on what condo you’re looking at, but they’re sure to add some extra luxury to your life.
Benefit 2: No Yard Work
Yard work, like mowing and weed whacking, are a pain, especially in the hot sun. These tasks are recurring nuisances that take time, can cause a person to become severely dehydrated if he or she isn’t drinking enough water, may lead to a sunstroke and can lead to sunburn. Not to mention how much energy and time it takes to keep your landscape looking neat.
When a person owns a condo, he or she isn’t responsible for maintaining the grounds. This means instead of spending an hour or two each week pulling weeds, a person can use that time to enjoy everything Florida has to offer, even if it’s just to lay out and relax.
Benefit 3: Safety
A home must have a security system installed – which can cost over $1,000 in addition to the monthly fee – to protect the home, belongings and the family. On the other hand, bayfront condos in Naples usually has a gated entrance, where only residents and welcomed visitors may pass through. Not to mention, having so many neighbors close to the condo means there are eyes always watching for people who don’t look familiar.
Benefit 4: It’s an Investment
Although it’s similar to an apartment, a person owns it, so he or she can rent it out to someone to make a regular monthly income. In the end, the owner may get more money out of it than the initial investment. In addition, owning a condo presents the opportunity to build equity and take advantage of tax deductions for mortgage interest and property taxes. Also, unlike renting an apartment, condo buyers have the ability to sell it whenever. Since he or she can renovate it, he or she may make some money off of the property. With the rising costs of purchasing real estate, buying a condo may be the perfect way to purchase real estate but not incur major costs of larger properties in the same area.
Benefit 5: You Can Always Escape to Paradise
Buying a condo on the beach means you can always escape your reality and enjoy some quality time in paradise. You and your family can create memories together in the sand, sun and surf Naples is known for.
To learnmore about luxury real estate properties available in the Naples area, contact Larry today!