Real Estate Pro Articles
   
   

Condos: Who Lives in Them?



[Valid RSS feed]  Category Rss Feed - http://www.realestateproarticles.com/rss.php?rss=263
By : Andy Asbury    99 or more times read
Just as suburban neighborhoods often attract certain types of people, so too, do condo buildings in urban areas. While anyone who wants to, can live in either place, you’re more apt to find middle-aged families with kids in the suburbs, for example, and more likely to see young couples without children in condos.

The two living environments simply have different aspects that cater to different people. So whom might you expect to find living in condos? Here are four types of people, in a variety of age ranges. As long as you have an open mind to meeting new people, you may find your neighbors are one of the best parts of condo-living experience.

Retirees
Condos are perfect for people who have retired and are looking to downsize their home, or realize a dream of living the urban life. Many of them are “empty nesters” that no longer have children living with them at home. Given that many retirees also like to travel, the reduced maintenance associated with living in a condo is especially attractive.

Graduate students
Many universities are located in urban areas, so it oftentimes makes sense for a graduate student who will be in school for several years to rent or purchase a condo. If they chose a condo that is near their school, they can bike or walk to campus. And like retirees, they don’t have to worry about shoveling snow or mowing the lawn, which affords them more time for their studies or socializing.

Young professionals
There are a couple of reasons young professionals live in condos: they’re often cheaper than a single-family home, but provide plenty of space; they’re often located in the urban areas in which young professionals work, thus cutting down or nearly eliminating the commute to work; and paying a condo association fee means they may be spared major expenses should a problem – mechanical or otherwise – arise. In addition, condos in urban areas often are close to restaurant and nightlife opportunities that can be especially attractive to young people just beginning the working phase of their lives.

Young couples
Similar to young professionals, condos can be a perfect “starter home” for young couples. While such people may find they would rather move to the suburbs once they start having kids, condos allow young couples the opportunity to make their home as individual as they are. If they rented a home, they probably wouldn’t be able to paint it or make other modifications. When they buy a condo, they’ve got a (for the most part) blank slate to do with it what they want.

The types of people I mentioned above may be most commonly found in condos, but the reality is that anyone, at any stage of life, may prefer condo life. And that potential for a diverse group of residents is part of the reason why condo living can be so exciting.
Andy Asbury, author, urban REALTOR® and founder of MinnesotaLoftsandCondos.com sells Minneapolis condos for The Realty House. Find up to the minute information on Minneapolis condominiums and loft living online at www.MinnesotaLoftsandCondos.com or give us a call!

Related Articles



Actions
Print This Article
Add To Favorites



Sponsors

 

 

© All rights reserved to Real Estate Pro Articles