The reply to that concern is of course and no. Quite a few instances a solitary family home in the similar spot would be out of the condo buyer’s financial achieve. You are going to also discover that most condo projects are safer because of to be fenced and gated with possibly a gate guard or demanding a important card to open the gate.Even though rental dwelling is extremely comparable to condominium living a condominium is an investment decision and will value just like a one family residence. Condo will generally give you far more dwelling place for your funds as the price tag for every square foot is lower than a SFR. Many times the inside features are also excellent. Because of to the actuality that condo values typically lag at the rear of single family members residences so even when single relatives residential charges are rising quickly you can nonetheless uncover bargains in both new and resale condos.There are also a amount of negative characteristics to dwelling in a condominium which include no outside area that you can get in touch with your own. It is all owned by everybody in the undertaking. This implies you cannot go out and dig all around in the flower beds. One of the greatest negatives to a good deal of citizens is that you have to get authorization to do any modifications on the exterior, no matter how small. Items you just take for granted are numerous time not permitted these kinds of as a Television set dish or potentially even hanging plants from the roof of your patio.There are HOA (homeowners association) fees each thirty day period whether you use the amenities or treatment about the landscaping. Many times these dues are not sufficient to do the proper maintenance to the property and then the inhabitants get hit with a specific evaluation which can completely destroy a family spending budget. A gripe that many proprietors have is the HOA committee turns into a clique exactly where the correct attention is not paid to the excellent of the relaxation of the people. I was a actual estate appraiser for a range of a long time and generally ran across a circumstances of that when performing appraisals in a condo development. Check out trivandrum apartments for more information.Another large detrimental was that was fairly often litigation in opposition to the builder or upkeep folks because of to shoddy workmanship or not finishing the undertaking. Sometimes the builder went bankrupt and remaining the task holding the bag. A different minus is the simple fact that condominium values normally start out reducing in value prior to single loved ones residence values and at a quicker charge. They also usually commence growing in worth immediately after solitary loved ones residences and at a slower charge. Traditionally condos are normally harder to market than single family residences.If you are thinking of purchasing a condominium you need to have to do your homework, even more so than if you had been getting a solitary relatives residence. Just before you even look at the improvement speak to as many inhabitants as you can and check with them just about every problem you can assume of.