Let’s face it, there are a lot of condominiums on the market in Austin at the moment, and not very many are actually selling. With over 400 units available downtown alone there is a lot to choose from, which means that it is the perfect time to pick and choose what you want and really see everything that Austin has to offer, condo wise. This may sound like over enthusiastic salesperson talk, but it’s true, practically every type of condo; from the smaller and older units to the big pricey ones, is on the market now, so if you have wanted to buy a condo now is the time to get out there and take a look because you will most likely find what you want at a reasonable price. So if you want a small yard or rooftop deck with your unit, it’s out there.

The condo life is different that the single family home life, so below is a list of things that you should consider.

The Pros and Cons of Condos

1. Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings.
2. Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit. However, if you hate yard work, this may be the perfect option for you.
3. Amenities. Many condo properties have swimming pools, fitness centers, and other facilities that would be very expensive in a single-family home.
4. Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit, and let in workers when you’re not home.
5. Security. Many condos have keyed entries and or even door attendants. Plus, you’ll be closer to other people in case of an emergency.
6. Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees agreed to by the condo board, whether or not you’re interested in the amenity or not.
7. Resale. The ease of selling your unit is more dependent on what else is for sale in your building, since units are usually fairly similar. Single-family homes usually are more individual
8. Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets. Read the covenants, restrictions, and bylaws of the condo carefully before you make an offer.
9. Proximity. You’re much closer to your neighbors in a condo or townhome. If possible, try to meet your closest prospective neighbors before making a decision.

List Courtesy of Realtor.org

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