Brand new urban condominiums stand tall today, ready to bring comfort and a life of simplicity to residents. The current surplus means there is no better time to buy one! In Minneapolis alone, dozens of urban realtors including me actively compete to serve the newest wave of buyers. Ours is only a small- to medium-sized market, but we have kept busy even during this significant downturn of the market. That is because we are confident that more and more American households could become great candidates for condo life! Here are five reasons why:
#1) Proximity to Urban Life Exercise with a purpose! Bike to work and back. Walk to take care of your errands. Enjoy nightlife, college and professional sporting events, art museums, and developed and eclectic neighborhoods. Enjoy all the international influences of the city!
#2) Conduciveness to Vacation or Business Travel Finally, take a vacation! The relaxed pace of condo life can give you time to plan one. If you travel extensively for work, the increased safety of a condo provides peace of mind for the spouse who stays behind. Meanwhile, the emergence of light rail travel in many American cities means it is becoming increasingly easy to connect to the airport from a condo. Condos can also make terrific second homes or “urban cabins.”
#3) Liberation from the Responsibilities of Home Maintenance Life’s choices often require people to choose the best options over good ones. For example, you may not even mind yard work, but is there anything else you would rather do? For some people, this question leaves a lot of room for personal preference. For others, the stakes can run high. Many contemporary families are stretched nearly to the breaking point, from military families to divorced or single parents who participate in child-custody arrangements than can become extremely complicated in a hurry! Condos could become safe havens.
#4) New Construction Home buyers today may have narrowed down their choice to a new condo in the city or a suburban home built in the 1970s. Choosing the new home greatly delays the onset of expensive repairs. This allows first-time buyers to ease into the responsibilities of home ownership. Buying a home of any kind is a significant life change in and of itself!
#5) Meet New People Living in a condominium can give you a stimulating and diverse social life as it puts you near graduate students, financial professionals, early retirees and artists. Also, more than nearly any other housing choice, condo life can lend itself less to “backyard envy” and more to genuine friendship. Instead of attempting to impress one another with the outward appearance of their homes, neighbors literally share a major life investment! Condominiums usually draw a mixture of younger adults and older professionals or early retirees looking for a simpler life. Many people really enjoy this mix-which also tends to create strong leadership boards for the condo.