There are several benefits associated with buying a condominium. For one, you are guaranteed elegant and lavish living at its finest. Whether in the burgeoning city of Houston or The Big Apple, condominiums are considered prime real estate and always carry top dollar value. They are also fitted with all the latest amenities, including large screen TVs, fireplaces, Wi-Fi, and door-to-door concierge services. With the real estate market in a current boom, the benefits of condos ownership greatly outweigh renting or purchasing homes. Not only can you secure the big city allure and essence with condos, you also get a smooth blend of family and home living.
The Benefits of Owning Condos
Buying a condominium carries a wealth of benefits. This includes the ability to sublet or rent out your property at premium rates. In recent years, countless condo and penthouse owners have rented their properties to transitional guests and visitors. These are usually individuals that are in town for a certain amount of time and need timely and affordable living. This includes abodes that are close to major transportation hubs, along with shopping venues and dining establishments. Most condominiums are also situated in high-rises – far above the hustle and bustle of the big cities. Yet, many new developments are utilizing the “apartment complex” approach, which sees only sees the upper floors dedicated to condominiums and duplexes.
With condos, you have all the necessities and essentials at every turn. This includes fully furnished bathrooms with all the latest amenities and fixtures. Units are also available with both traditional and modern décor, including furniture and accessories. There are even professional doormen at many high-rise locations that assist residents with groceries and packages. While some units have convenient fireplaces that keep properties warm and toast during those frigid months – others have an array of environmentally friendly and green options. This included metallic vents for optimal airflow, along with radiant barriers and more. There are also several rooms that are part of these designs. These include dens, media rooms, formal living rooms, and so much more. In a nutshell, a condo is a great investment because it has the convenience of an apartment with the décor and feel of a one or two-story home.
The Condo Real Estate Boom
With countless developments flooding the market at rapid rates, condos have seen a strong resurgence in popularity. In fact, over 30% of new purchases this year have been elegant and lavish condominiums. With more money on the market these days, investors are once again tapping into this burgeoning and growing trend. With the benefits of condos increasing as well, there are longer waiting lists for buyers in prime communities across the nation. This is had to a spike in condo developments, along with existing owners selling their properties at premium rates. Condos have always been a sound investment, and have secured millions of dollars for owners in sales and rentals. If you are looking to invest in real estate this year, all the rage is once again in condos and penthouses.
For more information, simply contact your local real estate agent or check area listings and vacancies today. You can also keep track of the latest buying trends by checking the Web or trade publications.