ADVANTAGES OF CONDO OWNERSHIP

In this day of high real estate value and low interest rates, the ownership of a condo has become one of the best property purchases. This has caused developers to offer more and has created excellent value for owners and those considering the purchase of a unit.

When considering the purchase of a condo here are some advantages to think about.

Condos typically have a lower price than single family homes. There are of course exceptions to this rule. Condos are usually priced approximately 20-30% lower than comparable single family dwellings. This competitive pricing range has opened up the real estate market to many who were previously priced out of the new home market. Condos also offer a great selection of lifestyle choices that are financially difficult to achieve in a typical home.

Location is another of the attractive assets of condos. Most developments are in places that are highly sought-after, located in urban areas. This fact has made condominiums the smart choice for commuters and city dwellers.

There is a great sense of security that comes with owning a condo. Not only is there the aspect of community and neighbors close by, but there are financial securities as well. With condos being valued as they are, the purchase of a unit is a sound financial decision.

Consider “The Oz” located at 70 Adams St in downtown Hoboken, NJ is only minutes from the PATH, ferry and train. This 54 unit concrete and steel structure was built by Metro Home LLC in 2003.

Open layouts with beautifully designed kitchens and bathrooms make this building one of Hoboken’s premier residences. All the units feature hardwood floors, crown and chair rail molding.

 This luxury building has a full gym, and on-site parking.

 

 

 

Let me be your tour guide.  You may contact me at (201) 344-2886 or (201) 222-7550

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Explore posts in the same categories: Condo Living, Hoboken Homes, Home Buying

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