When it comes to choosing where to live for a mid or long term stay, you’ll find two main options open on real estate sites like Property Guru when it comes to a condominium. The first is to buy it, which will connote long-term stay, or for an investing venture. The second is to rent it, which will provide you with a home to stay in for as long as you like and to vacate quickly when the time arises for you to leave. You only pay the outstanding rent, if applicable, before you move out.

The Pros and Cons of Buying a Real Estate Unit

Renting is not a problem, but buying a condo is not an easy process, as many factors have to be considered; the first and most important being the price offered by the owner. But even before buying one, you also need to search for the right one that is located in the right spot that suits your needs. You then have to read carefully and sign the sales contract on the purchase before you can officially move in. Buying a condo may be more attractive than buying an apartment or a home, but there are also downsides such as having to pay for property tax according to the Investopedia website here.

The Benefits of Purchasing a Real Estate Unit

Many advantages can accrue for those who decide to buy a small unit of real estate which offers similar amenities as a condo. One very prominent one is the ability to have desired privacy and at the same time to be able to socialize with tenants who have also decided to occupy a unit. It is the lifestyle that retirees who have opted to move away from their homes and have decided to buy a small unit of real estate. It’s there that they find the fulfillment to their lifestyle – privacy and socialization.

Getting Away from All the House Work and Costs

Another plus for owning a condo is the freedom from regular house chores and a reduction in maintenance costs as depicted here by Geoff Williams. In fact, buying a home entails all the tasks that are part and parcel of living in a home and the cost that went with it. During their younger days, there was the washing, the cooking, the maintenance, the gardening and the tedious floor polishing and shining. Now that they have retired, they can relish more of the freedom they crave so much.

The Location is usually of the Upper-End Quality

But condos do not only cater to the needs of retirees. They also fulfill the needs of professionals and experts who want to be placed as closely as possible to their workplace. Sometimes in highly developed areas of developed countries like Malaysia, it’s far more expensive to commute by private car from a modest home or apartment than to rent a high-end apartment or small unit of real estate. Some may think that this is not possible, but it is with a difference of considerable savings per month in favor of a rented condo.

The Scenery is Awesome

Condos and apartments can always be found where the location has been deliberately adapted to be directly in front of the best scenic views. It may only be a coincidence but there’s also room to speculate that the developers have deliberately taken into account the absence of beautiful countryside views and replaced it with scenic views of an urban landscape – river, tall buildings, parks and so on. A spectacular view tends to accompany even the dullness of an entirely urban environment and seeks to modify and beautify it.

Newly-weds can Find Total Fulfillment and Comfort

Again, small real estate units and apartments can be the perfect getaway for honeymooners during their week-long stay together immediately after their wedding. They can enjoy the privacy they so earnestly long for and also benefit from the company of other tenants who may also have just gotten married. As newly-weds, you can also have the opportunity of enjoying the view, the company, and the privacy that these beautiful small units of real estate can give you during your honeymoon.

The Best Destinations for Many Tourists

It’s a well-known fact that condominiums and apartments are sought after by tourists. These travelers range from the very high-end spenders to ordinary backpackers to elderly couples or groups that want to get away from everything they know and experience something new. The small real estate units are exceedingly affordable and can cater for the needs of all visitors whether young or old and most return home with lasting reminders of the time they spent in the small and cozy condo units in a different country.

Depending on your budget and requirements, a condo can make your life better or worse like any other type of property available in the market. You can consider the above points before making a decision.