Skip to content
Cha Ching Queen
  • FinancialExpand
    • Borrow
    • Budgeting
    • General
    • Investments
    • Insurance
    • Prepare For Major Purchase
  • Save MoneyExpand
    • My Amazon Secrets
    • How To Find Deals
    • Store Guides
    • Coupon Codes
    • Printable Coupons
    • Discounts
    • Freebies
    • Giveaways
  • Make MoneyExpand
    • Career
    • Real Estate
    • Side Hustles
    • Small Business
  • LifestyleExpand
    • Beauty
    • Family And Relationships
    • Holidays
    • Organization & Efficiency
    • DIY
  • HealthExpand
    • Cancer
    • Exercise
    • Living Happily
  • Green Cleaning
  • RecipesExpand
    • Allergy Sensitive
    • Bread Recipes
    • Dessert Recipes
    • Healthy Recipes
    • Kitchen Hacks
    • All Recipes
  • Gifts
  • ReviewsExpand
    • Product Reviews
    • Restaurant/Food Reviews
    • Travel Reviews
Cha Ching Queen
ByRachel Reading Time: 3 minutes
Home » Money Tips » Prepare For Major Purchase » 6 Common Misconceptions about Living in a Condo

6 Common Misconceptions about Living in a Condo

Share on Facebook Share on Pinterest Share on Twitter Share on Email Share on SMS
This post may contain affiliate links. Read the disclosure.

This is a collaborative post by Julia Martin about common misconceptions of condo living.

condo living advantages - 6 Common Misconceptions about Living in a Condo

Condo living may have made a big comeback in recent years, but people are still unclear on how condo living works.

Investing in a condominium might be a wise real estate move, for both homeowners and potential buyers.  However, with the misconceptions floating around about condos, some people are deterred from investing in these types of homes.

Here are some of the most common misconceptions surrounding living in a condo.

6 Common Misconceptions about Living in a Condo

Condos have too little privacy

Even though there are walls that separate one condo unit from the other, condo dwellers can still enjoy a certain level of privacy. Newer condo buildings offer fewer units on each building floor, reducing the number of neighbors per floor.

Condominiums do not have enough space

Condo developers have come up with ways to ensure that condo dwellers have enough space for them to live and store their belongings comfortably. As an example, condo developers have implemented a way of renting or selling out extra space for storage.

There is little allowance for personalization in a condo

Condo owners do have to get management’s permission to install new accessories and design their homes. However, this does not mean that additional design is completely ruled out. This is not true, as homeowners can renovate the design and layout of their condo units to suit their tastes, as long as the renovations carried out are within the building and management codes. House accessories, lights, and furniture are some of the things that can be personalized. But, there are tighter restrictions with holes and more intense condo personalizing. Before taking any customization steps, you will need to find out management laws and ensure you are not in violation of any.

Condos are not for anyone other than singles homebuyers

Condos are commonly misconceived as being suitable for single homebuyers, but this is not true. Young families, growing families, and even retirees are all compatible with condo living. All the homebuyers need to do is to make sure that the condominium is well suited to their needs and preference. Things to consider will include safety, access to facilities like schools, supermarkets, and restaurants. Also, a condo investment for retirees is perfect if they want to reduce the money spent on home maintenance.

Homeowner Association Fees are a Nightmare for Condos

Although homeowner association fees are a bit scary for condo dwellers, a factor to consider is that regardless of the property you invest in, you will still be expected to pay some form of homeownership fees. The fees paid by condo dwellers go into the maintenance of the property and payment of staff that does this maintenance.

Condo Units allow for leasing out

Some state rules do not allow leases that run for less than 6 months in condos. So, if you plan to temporarily lease out your unit while on vacation, then you might be breaking some legal rules. It is important to find out exactly where your state and area stands in terms of temporary leases before buying a condo, or advertising for renters.

Conclusion

Weighing the benefits against the disadvantages of owning a condo is essential before making a move in that area. Condos can prove to be a very smart real estate move. Although there are false impressions surrounding condo ownership, there are still enough benefits to really give it a thought. If you want to invest in a condo in 2019 in Los Angeles, then you can look for real estate agents in Los Angeles to help you find the best condo deals. If you are more specifically from a small city like Brentwood, then you can try to find some Brentwood real estate agents. Condos are the new trend in real estate in popular cities around the world.

Share on Facebook Share on Pinterest Share on Twitter Share on Email Share on SMS
Rachel

Rachel is an Austin blogger, educator, mom, wife, young breast cancer survivor writing about health, saving money, and living a happy life in Austin, Texas.

Rachel has written for HuffPost and Hometalk and has been featured on KXAN, Studio 512, Fox 7 Austin, and CBS Austin.

Facebook Twitter Instagram Pinterest

Popular

How To Save on Amazon Prime Membership

How To Save On Amazon Prime Membership + Prime Benefits

Amazon Prime Day 2022

When Is Amazon Prime Day 2022?

How do I find great coupons?

how to get companies to send you coupons

How to ask for coupons

free trial amazon prime

Amazon Prime Free Trial, Free Instant Movies, and More

How To Clean A Toilet Bowl And Remove Hard Water Stains

10 Benefits of Coconut Oil Pulling

Everything You Need to Know About Oil Pulling with Coconut Oil

About Cha Ching Queen

Cha Ching Queen started as coupon blog, but has morphed into lifestyle blog with encouragement and tips to live a happy,  healthy life.  You'll find deals, DIYs, health tips, recipes, breast cancer information (the founder is a Breast Cancer Survivor), budget travel information, and more.  Cha Ching Queen is a little bit of everything. Enjoy!

Inquiries and Partnerships

For questions, PR, or advertising inquiries contact info@chachingqueen.com.  See the disclosure, privacy policy, and full terms of service here. Cha Ching Queen®

Affiliate Links

Cha Ching Queen is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

© 2022 Cha Ching Queen

ChaChingQueen does not provide individual or customized medical, legal, or financial advice. Since each individual's situation is unique, a qualified professional should be consulted about your specific situation before making financial and/or medical decisions.

Email Facebook Twitter Instagram Pinterest
  • Financial
    • Borrow
    • Budgeting
    • General
    • Investments
    • Insurance
    • Prepare For Major Purchase
  • Save Money
    • My Amazon Secrets
    • How To Find Deals
    • Store Guides
    • Coupon Codes
    • Printable Coupons
    • Discounts
    • Freebies
    • Giveaways
  • Make Money
    • Career
    • Real Estate
    • Side Hustles
    • Small Business
  • Lifestyle
    • Beauty
    • Family And Relationships
    • Holidays
    • Organization & Efficiency
    • DIY
  • Health
    • Cancer
    • Exercise
    • Living Happily
  • Green Cleaning
  • Recipes
    • Allergy Sensitive
    • Bread Recipes
    • Dessert Recipes
    • Healthy Recipes
    • Kitchen Hacks
    • All Recipes
  • Gifts
  • Reviews
    • Product Reviews
    • Restaurant/Food Reviews
    • Travel Reviews
Facebook Twitter Instagram
Search