Condo communities are becoming a hot market in many areas around North Texas. New developments break ground almost every day, and properties are being sold at an increasingly fast pace. Currently there are 35 condos available in Collin County and 67 have sold in the last 90 days. Many of the incredible features of owning a condominium are what are bringing buyers in droves.
Low Maintenance
Because you pay dues to a condominium association, you will have little to no exterior maintenance. They usually cover your roof, lawn, and exterior paint and repair. Whether a first time home buyer or empty nester, this provides relief from having to worry about landscaping, mowing, replacing brick or wood, and painting! No need to have huge lawn equipment taking up room in your garage.
Community
Most homeowners look to have a sense of community when looking for a new neighborhood, however, condo owners usually live closer to their neighbors and form a stronger bond. Many condominium communities offer amenities like organized events, clubhouses, golf courses and pools to keep owners involved. Memberships to these exclusive perks give condominium owners a sense of community while building relationships where they live.
Cost
Of course the cost of a house versus the cost of a condo greatly depends on the size, year built, and location, however, generally, condos are less expensive when comparing apples to apples. In vacation areas, condominiums are also great to use as investment properties to bring in rental income. This way the condo can pay for itself if rented out regularly.
Location, Location, Location
Typically, condos are built in urban areas near shopping, fine dining, and entertainment. Condos can be found on beaches, ski resorts, downtown, etc.; which gives the owner the ability to live the luxury lifestyle without having to pay luxury prices. Condos can be in high-rises with people living above or below; or they can look like duplexes with having as little as one connecting home.
Whether you are looking to sink your toes in the sand or sink your tee into the turf, condominium life has some incredible advantages. If you are looking to buy or sell a condo, call The Kimberly Davis Group today!
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