Condominiums tower over everyone in the hearts of busy metropolises. In Phoenix and Scottsdale, the rise of condominium complexes has accompanied buyers’ preferences shifting from the suburban to the urban.
Despite the traditional American dream home being a white-picket fenced house in the suburbs, the condo lifestyle can be perfect for families, retirees and single professionals for many reasons. Here the top 5 reasons why living in a condo might be the best option for you:
- Access to great amenities
Condos often include hotel-like amenities such as fitness and entertainment centers, pools, saunas and other community spaces. This means you can stay fit and still find fun things to do without leaving the comfort of your building. - Security
Most of the condo complexes in Phoenix and Scottsdale are gated and can require security codes or keys to access doors in the building. These condos will also likely have roaming security guards monitoring the premises all day so that you won’t have to worry about you or your family’s safety. - Easier maintenance
Some people might find not having a yard as a con, but if you don’t want to have to spend your weekends trimming the hedges and pulling weeds, a condo might be the better option. There’s no need to worry about your curb appeal when the exterior maintenance of your home is covered by your association dues. These fees also go to the maintenance of the community amenities so they can be worth it. - Affordability
Compared to a three-to-four-bedroom home, you won’t be spending as much to maintain your condo unit as you will have less space and appliances to maintain. Moreover, while this is not always the case, condo units are generally cheaper than buying a comparable home and may hold more value in the long run. According to Trulia, from 2012 to 2017, the increase of condo values was at 38.4% whereas single-family homes appreciated by 27.9%. - Great locations
Due to condos’ more compact size, in contrast to a house in the suburbs, and vertical design, condos are most often found in the heart of bustling urban area with a variety of shopping, entertainment and dining options.In fact, check out Scottsdale condos for sale at The Envy Residences whose prime location offers easy access to historic Old Town and its vibrant art scene and its many boutiques, bars and restaurants.
Condos for sale in Phoenix, AZ
Condo living is on the rise in Phoenix and Scottsdale amongst both baby boomer empty nesters looking to downsize and millennials looking for more compact homes and access to shops and restaurants. A study by Coldwell Banker Global showed that Scottsdale is ranked in the top 5% for number of condo sales.
Majority of these condos have 2 to 3 bedrooms as condos are the perfect fit for small families.
If you’re looking to buy or sell Old Town, Scottsdale condos or anywhere in the area surrounding Phoenix, call me, Scott Semer at 1.480.353.0299 or send me an email at scott(at)scottsemerrealestate(dotted)com.
