Why would you pay that for a condo? - The Reasons are Many For many there comes a point where maybe maintaining a house just doesn't fit their lifestyle and schedule. Then they start looking at condos - and then go through the process of determining whether they are ready for condo living.
The answer to the question "Why would you pay that for a condo?" lies primarily with looking at the lifestyle that the buyer is trying to achieve. For those considering condo living, the value of condominium living is best assessed when considering convenience and location and whether the condominium unit has the feel of what "home" means to the buyer as well as the level of comfort and upgrades that meet the buyer's personal taste
Those criteria really are not different than those of single family detached home buyers. So what is the turning point for these buyers? For most it's coming to the realization that the maintenance involved in a single family home is just not something they want to do or becomes problematic. In addition, the amenities offered by a condominium community are those that the buyer seeks as part of their lifestyle and many times are not available or convenient to single family detached homes.
As part of that determination, many start to scrutinize why they would pay prices that a single family detached home could be purchased for. Buyers often feel that they are sacrificing square footage when buying a condo, although that is not necessarily the case, with many condos offering living space that is greater than many single family detached homes and also offering well-designed storage space. Possibly a bigger consideration for buyers is the perception that they are somehow giving up privacy or freedom due to condos being attached dwellings. Well designed communities and buildings, setting, and floor plans eliminate restrictive feelings for buyers and should weigh heavily into their decision.
Another consideration for buyers when contemplating a condominium purchase is the monthly condominium fee. Buyers need to assess the value of the offered amenities to them personally as compared to the fee being charged.
For some, condominium living offers socializing opportunities with people with like interests. For those who miss gardening or who feel that they want an active part in decisions regarding the maintenance of the condominium community, there are volunteer opportunities for condominium boards or committees in most condominium communities.
The answer to "Why would you pay that for a condo?" is dependent not just on price and what you are paying , but on value to the individual and what you are paying for.
Please contact me for more information on Solomons Landing, Solomons Island, Calvert and Saint Mary's County Real Estate.
535 Runabout Loop 
801 Runabout Loop 
823 Runabout Loop(CA7048853) 
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