It’s a buyer’s market in the world of newly developed residential real estate. The high demand is pushing developers to build at a record pace. They’re including amenities modern homeowners want, from lifestyle services to high-end interior finishes. If you’re wondering if you should buy a new condo now, the answer is yes. Here are five reasons why:
1. Condos Are a Great Investment
Real estate prices typically go up year after year, particularly when demand is strong. People who rent don’t realize this value, but those who put a stake in the ground with home ownership do. Buying a condo in a new development means that your home will most likely increase in value. What you pay for the property now will command more later, assuming the economic fundamentals hold strong.
The takeaway: Buy now as an investment in the future.
2. Make a Deal
As this Houston Chronicle article points out, sales of condos and townhouses rose by 6 percent between January 2014 and May 2014, in comparison to the same months in 2013. This demand is expected to drive prices up in the coming year since people of all ages are attracted the urban lifestyle that condos provide. As a result, buying now, as opposed to 12 months from now, is advantageous. You’ll get a better deal, particularly as new development gains a following or becomes a coveted place to live. To help meet the demand, Surge Homes is taking the lead at developing a wide array of Inner Loop condominiums in a price range from $130,000 to $1.5 million. In other words, there’s something grand for everyone.
The takeaway: Buy now to realize great deals.
3. More Time to Do Less
Living in a condo means you have little worry about when it comes to maintenance. There’s no lawn to mow, no weeds to pull, and no stress about what chemicals you need to buy to make the pool water sparkle. All pool and lawn maintenance is included in the home owners association fees, as is pest control. Relax knowing that your property is being routinely maintained by professionals.
The takeaway: If you want more time to do less, purchase a condo.
4. Amenities Galore
Condominium living can be glamorous, especially when you buy a condo in a building that has been designed with panache and flair. Have you seen the latest trends in kitchen design? European kitchens are one of the most popular designs. They bring a modern convenience to condos, with minimalist and sophisticated styling.
Condos with amenities that enhance people’s lives, or make things easier or more convenient, will always be in demand. Some of the top amenities buyers want are things like great views, abundant natural lighting, floor-to-ceiling windows. They also are seeking top-of-the-line appliances, hardwood and tile flooring, granite and marble countertops, stainless steel finishes, terraces and balconies, private garages, chandelier and pendant lighting, walk-in showers, etc. If you’re thinking about a condo as an investment, select one with great amenities because they can help to ensure a solid resell value.
The takeaway: Buying a condo with great amenities not only enhances your life, but it enhances your investment.
5. Common Ground
Having common areas help to create a sense of community. Green spaces, pools, social rooms, business centers, dog parks, sport courts, and outdoor seating are commonly included . Condominium living provides the opportunity to socialize and find common ground with others who have some of the same interests. You may be surprised to learn that many people who live in a single-family home don’t even know their neighbors.
Condominiums also provide opportunities for networking, outings, and cause-related events. These opportunities get people together, help those who are new to the area assimilate, and add an overall strength and positivity to the neighborhood.
The takeaway: Condo living helps foster the “play” in the live-work-play equation.
Be a part of the exciting world of home ownership by working with Surge Homes to find your perfect condo. You can learn more about Surge Homes on its website, on Facebook, Twitter, LinkedIn, and Google+.
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