Condo Life for Entrepreneurs in the City

Condos have long been viewed as being better-suited for busy professionals rather than large and growing families. Although many condos serve as affordable choices for renters who are eager to become property owners, their compact sizes and the communal nature of condo buildings are simply perfect for city-living entrepreneurs and career-minded couples. If you’ve been thinking about buying a condo near or around a downtown area, the following are a few impressive benefits that you can gain by actually doing so.

Lose Your Commute and Get an Excellent Walkability Score

Whether you own your own business or work for one, being able to ditch your commute in favor of a home that allows you to walk or bike to your job can greatly improve your quality of life. You’ll spend less on gas and vehicle maintenance, experience less traffic-related stress, and have more time to take care of your responsibilities and do what you love. Best of all, buying a condo in a central location won’t just put you near the heart of local commerce. It will also land you in a neighborhood with an excellent walkability score. A unit’s walkability score is an informal estimate of how easy it is to get to grocery stores, quality restaurants, and other local businesses. In a condo with a prime location, you won’t even have to turn on your car if you ever need to step out and buy eggs.

Enjoy an Exciting Nightlife

Depending upon where you choose to invest, you’ll also have easy access to a dynamic and bustling nightlife. You won’t have to go far to find a popular billiards club, watering spot, or theater when you want one. If you’re far less of a night owl, you’ll love the fact that condos are basically big, ready-made communities. Everyone who lives in these buildings has a vested interest in keeping them in good shape and thus, you’ll likely find yourself surrounded by a number of like-minded individuals.

Let Someone Else Handle the Groundskeeping

A condo will give you the freedom and privacy of ownership, without all of the hassle. This means that apart from your unit and any balcony or patio that sits just off of it, you won’t have to do any property maintenance. There won’t be any long Saturdays of mowing and raking your yard. All rubbish removal, hedge trimming and sidewalk cleaning will be handled by your HOA and covered by your dues. Many condos additionally have a number of high-quality, communal features like dog parks, swimming pools, saunas, hot tubs, and fitness facilities. When touring different units and buildings, just be sure to get more information on current HOA charges, and on other factors that pertain to the use and care of the general property.

Invest in a Unit That’s Guaranteed to Appreciate

Location is everything when it comes to choosing an investment that’s guaranteed to appreciate. Buyers simply cannot fail when purchasing condos in the city. This is especially true in areas that have robust job markets. No matter how much time passes after your purchase, rental rates, sales prices and populations will invariably increase. With smart financing, diligent maintenance of your unit, and good sales planning, you’re basically assured of recouping your initial investment and more.

These are just a few of the many benefits that entrepreneurs and all other career-minded professionals can enjoy by investing in condos. There’s also the fact that these are among some of the easiest properties to buy when applying for loans with non-traditional income and employment. It could be you wish to purchase a commercial location to use as another office space and so you are looking at a condo as a way to expand your home-based business. With such a wealth of advantages to gain, it’s certainly no wonder that the upwardly mobile are increasingly choosing these properties over traditional homes.

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