Home ownership can be an exciting time for newlyweds and others who enjoy their privacy above all else. However, more and more people are flocking to New York City, and that means they’re living in condos. NYC doesn’t offer a lot of homes for sale and most people don’t want to be bothered with maintenance needs. They’d rather pay someone or an association to take care of all those things so they can relax.
Maintenance Issues
What do you do if the toilet won’t stop running or backs up into your home? Most people have to call a plumber and pay through the nose, but if you live in a condo, the manager will handle everything, and most of the time will cover the expenses (or pay them through the maintenance fees).
Budget
It can be tough to plan for maintenance problems in a house, especially in an older one. However, you will know just how much your bills will be each month in a condo because you’ll have a set amount of fees, rent or mortgage. Any maintenance issues will likely come out of the fees you pay anyway.
Better Than Renting
Unless you’re out on your own for the first time, renting seems like a waste of money. You spend all this money to live in something, and when the lease is up, you have nothing to show for it. Owning a condo in New York City gives you the sense of investing in your future.
Better Facilities/Amenities
Most houses need a lot of work done to them. In most cases, they’re up to code, but that may be all. You won’t have all new appliances and furnishings and won’t have a team of designers to come in and create a beautiful space.
Likewise, you won’t have the wealth of amenities, either. For example, pools, rooftop terraces, balconies, fitness centers and more would be too much for one single-family home.
