Have you been thinking about buying a condo in Irvine but aren’t sure if it’s the right choice to make for your needs?
In this article we will break down the pros and cons of living in a condo so you will know if it’s the right Irvine home for you.
Amenities – When you live in a condo community, you will benefit from great amenities which may include a pool, hot tub, fitness center and clubhouse which are available for use by community residents.
Maintenance – Another major benefit of living in a condo is that all aspects of maintenance like landscaping and exterior building maintenance are handled by professionals so you don’t have to worry about getting your hands dirty working outside on weekends unless you want to.
Affordability – Last of all, but most important, condos are traditionally more affordable than homes, and this makes buying a condo ideal, especially in Irvine where home prices have increased fast in the last year.
Cons of Living in a Condo
Some of the cons which come with owning a condo include the following:
HOA Fees – Typical Homeowners Association fees can be $300 or more per month depending on the amenities in your condo since the association takes care of more than an HOA in a detached home community.
Resale – Condo values don’t typically appreciate as quickly as traditional home do since the owner of the condo doesn’t own the land and in most cases condos all look the same.
Privacy – From sharing a pool area, to sharing the clubhouse with neighbors, a condo doesn’t offer the same privacy that you would enjoy with owning a home.
To learn more about buying a condo for sale in Irvine, CA or to view the latest homes for sale, contact Fred Sed & Associates today by calling us at (949) 272-0125 or click here.