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CONDO LIVING OFFERS CONVENIENCE, AMENITIES
Is condominium living right for you? According to the National Association of Home Builders, condos are now an important housing option for home buyers nationwide.
Why are people choosing multifamily ownership? Many home buyers find that condos offer advantages that a traditional single-
If you belong to one of the following groups, you may find that condominium living is a good bet:
Baby Boomers: Baby boomers anticipating retirement frequently purchase condominiums or townhomes, often in areas boasting warmer weather, cultural attractions and easy access to good medical facilities. Consider the fact that as you age, activities like mowing the lawn and cleaning the gutters may lose their charm. If you invest in a condominium, many everyday maintenance activities are no longer necessary, and the few that are generally are covered by your monthly condo fee.
Vacationers: Historically, the market for condominiums in scenic or vacation locations has been strong, thanks to consistently high resale values. Keeping a second home tidy and undisturbed in the off season can be a chore; however, when you purchase a condo, either as part of a condominium community or in a condo-
Empty Nesters: Many empty nesters are simply thinking about enjoying their freedom now that the kids are out of the house. Older couples—especially those who once lived in urban areas—are returning to the cities, leaving behind the larger house, yard maintenance and the lengthy commute to downtown offices. If you fall into this category, you may want to opt for a smaller, easier-
According to the National Association of Realtors, condominiums in many areas have been increasing in value faster than single-