Choosing the Condo lifestyle
Living in a condominium doesn’t only differ in the fact that you will need condo insurance Texas coverage, rather than home insurance. It is also quite a different lifestyle to living in a single-family home.
Here is what you need to know about living in a condo:
•You do not own the land on which the condominium sits. Instead, you own the space within the four walls of your home. Common areas are shared with other condo owners.
•Since you share walls with other units, you will need to prepare for noise coming from your neighbors, and for not disturbing others within the building.
•Living in a condo means you join an existing community, so you will be required to communicate with other owners on decisions relating to common areas.
•Since you live close to your neighbors, you may enjoy greater security. Condos often have security systems or a guard for added safety.
•You may need to pay monthly fees, to contribute towards the cost of maintaining common amenities. You will have to pay these fees whether you use the services or not.
•Condos tend to be cheaper to buy than single-family homes, so they may be a good option if you are a first home owner.
As you can see, living in a condo has many pros and cons. The decision ultimately comes down to your personal preferences. Once you buy your condo, have a chat with our friendly team about your condo insurance Texas coverage options to financially protect your newly acquired asset.