5 REASONS WHY BUYING AN APARTMENT IN A COMPLEX IS A SMART IDEA

To many people, buying an apartment in a complex or condo seems like a much better idea than buying a single-family home or a Builder Floor. There are plenty of good reasons why this is true, and here are five of them. If you’re thinking about buying your own home, be sure to consider these reasons before you make your final decision!

1) MAINTENANCE AND REPAIRS

Maintenance is something you may want to consider when deciding on whether or not to buy into an apartment complex. A lot of the apartments that are being developed these days come with upkeep clauses, which mean if you don't want your unit to fall into disrepair and ruin, then you need to monitor its condition. The worst-case scenario would be that nobody ends up caring for the property and it falls into disrepair so severely that nobody wants to live there anymore. On the other hand, if you have a say in what happens to your unit, then you can decide whether to do major overhauls or just small fixes. You'll also have the opportunity to make modifications such as adding a new kitchen or bathroom as needed. You might also decide against installing certain features such as hardwood floors in order to save money down the line. However, the biggest question what arises is who has the time and energy to invest in maintenance of your living space. But sadly, the largest issue which is feel is to get concurrence of other co-owners of the piece of land on which the apartment / builder floor is located.

For Example: There are Buildings (having 3 to 4 floors) in Delhi wherein each floor is valued between Rupees 6 to 7 crores each which is co-owned by 3 to 4 families. However, whenever it comes too for maintenance or even investing meagre amount of money to paint the common areas and fa?ade of the building, no one actually comes on the same page and agree to collectively pay for such a minor job.

2) AMENITIES

Having all of your favorite amenities under one roof, means you're only ever just steps away from the pool, gym, spa, restaurants and so much more. You'll never have to venture out to the mall or restaurant chains ever again--everything you need is right at your fingertips. Plus, there's always something new opening up, like new gyms or spas that keep things fresh. And since they're open 24 hours, they're perfect for nights when you want to go but don't want to cook or clean up after yourself. It also makes it easy for meeting friends if you work different shifts, because it doesn't matter what time it is! There are always people around to talk with--even during off-peak hours. In fact, I've found some of my best friends living in complexes. The social scene is great too; it's not unusual to meet someone new on any given day. In addition, many complex dwellers choose to make their home where they live rather than commuting long distances every day (myself included). In this way, we get the best of both worlds: our own space while still being able to interact with others on a daily basis. We can visit nearby cities and towns without having to worry about traffic and parking. Plus, everything feels safer since most complexes have gates that keep unwanted visitors out--a major bonus for parents of young children who might be at risk due to the lack of supervision. Lastly, apartments in complexes are usually cheaper than homes outside of them, which has been beneficial as real estate prices continue to rise steadily.

For Example: Many of my friends and family live in Kothi’s or Builder Floor buildings in Delhi. However, since no locality (accepting a few) have a conclusive eco-system to promote lifestyle requirements for all generations in the family. It is sometimes children or sometimes parents who need to drive to places of their respective needs.

3) Stable Community

When you buy into a community, you're investing in something greater than yourself. You're taking part of something that has the potential to change the world for the better. Many complexes, offer so much more than just high-quality apartment living; they offer stability and community. Residents come together on the grounds for holiday celebrations, fitness classes, outdoor grilling events and even resident seminars. These are all opportunities to get to know your Neighbours! Less Hassle: Have you ever been late on rent? If so, then buying an apartment in a complex might be your best bet because not only do they provide 24-hour maintenance but also ample parking (and maybe even garage parking) which means never having to worry about being late on rent again! And if that's not enough, when you purchase your new home, there's no need to fret over furniture or decorating either! With beautifully furnished apartments ranging from studio sizes up to two bedrooms with washer/dryer included, there's no need to take out another loan or spend months searching for furniture. Lastly, homeowners enjoy perks such as optional property insurance coverage and laundry facilities located right on the premises too. So, what are you waiting for? There’s never been a better time to invest in the opportunity to live the life you deserve. Contact us today and let’s discuss these great options!

4) Safety

The first benefit of living in complexes is safety. There are patrols to keep crime down and the gates around the complex provide another level of security. In addition, the higher foot traffic within neighborhoods helps cut down on crime by providing more witnesses for law enforcement officials to follow up with. The more people that live near you, the more your safety is assured. What’s better than knowing your neighbor? Living with them! Knowing someone who lives next door or across the hall from you can make all the difference when there’s an emergency. Just like knowing someone will help if anything goes wrong at home, it’s also comforting to know that others may have seen or heard something suspicious before it becomes too late. Crime rates are lower because there is less isolation, and everyone takes notice when something does happen. If someone sees an out-of-place car parked in front of your house, they might call police instead of feeling uncomfortable about getting involved. When neighbors know each other, they watch out for one another and look out for any potential problems. They even report crimes to the authorities themselves which means that not only are you safer but so is your community. These community members take their responsibility seriously and feel good about doing their part for keeping everything as safe as possible. Apartments in complexes bring together residents from all walks of life which makes them diverse, close-knit communities.

5) Plenty of Resale Value Potential

Buying an apartment in a complex could be the best investment you've ever made. It's less of a risk because it's located within another community and will likely attract residents who want to stay put. As the years go by, you'll find that this particular asset has plenty of resale value potential as property values increase. Additionally, there are amenities on-site that take care of many maintenance or repair issues before they escalate. For example, if something goes wrong with your roof or windows, the complex will handle these repairs for you. Moreover, most complexes offer 24/7 security which can save you money on private security systems. You don't have to worry about keeping a property manager of calling on to your neighbours to share a paint job anymore either since the maintenance agency does it all for you. And did we mention that just about every aspect of life from shopping to dining is a short walk away? All-in-all, buying an apartment in a complex should come with absolutely no regrets! There are too many benefits associated with this type of real estate transaction that outweigh any negatives.

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