Is it better to invest in a condo or a house? This is a choice facing many locals, who have to weigh whether they should opt for Philadelphia luxury condos for sale or go the route of buying a house. While all future property owners have to consider their own unique situations, here are a few reasons why condos may be the best bet.
More for Less
Condos are generally less expensive than houses. Especially for first-time owners or those looking to downsize, cost can be a primary factor in choosing their next residence. Condo owners, however, certainly don’t sacrifice their space for a lower price tag. Those considering Philadelphia luxury condos will be impressed by the design and amenities that abound in their future homes, providing them more for less. Plus, condos connect residents to a wider community of owners, allowing for social connections and ample on-site amenities.
Homeowners often spend considerable time and money on home maintenance and repairs—a significant consideration that draws many locals instead to luxury condos. In a condo, the resident is only responsible for the interior of the home, while the association handles the outside. That means owners don’t have to grapple with seasonal chores like raking leaves and shoveling snow, and they are free from worrying about damage after storms or ongoing concerns like gutter cleaning. By buying a luxury condo instead of a house, residents can enjoy their property without all the worries about its upkeep.
Location, Location, Location
Finding an affordable home in the heart of a big city like Philadelphia can be a challenge, to say the least. However, condos are more plentiful and accessible—and, in turn, affordable!—because of their unique, space-saving format. Those considering Philadelphia luxury condos for sale will want to explore all that the local area has to offer. Downtown Center City Philadelphia features world-class shopping, dining, and entertainment options, as well as easy access to leading employment and education opportunities. Finding a house steps from all of those opportunities is nearly impossible, but Philadelphia luxury condos allow local residents to be right in the middle of all the action.
If you’re on the hunt for luxury living, contact Allan Domb today!