Condominiums offer a certain level of convenience that you don’t get in a house. You get the same space and comfort of a house, minus the outdoor work. Major condo developments are usually very accessible to transportation terminals, your place of work, school, the mall, supermarkets and hospitals. So whether you’re a single young professional, a couple or a small family, condo living is always a wise choice.
With lifestyle trends quickly changing, condominium options are likewise evolving with them. Whether you are a first time home buyer or just looking for an investment opportunity, there are more condo choices today than there were in the previous years. There are high-rise condos and mid-rise condos, but what’s the difference and which one is for you?
There isn’t really any hard and fast rule that strictly defines each type of condo. Although, in the most general terms, a mid-rise condo would have an exterior entry or exit that opens up to a central courtyard or garden. These condos are usually only between 3 to 6 floors high.
If you decide to live in a mid-rise condo, you can still expect to be in the center of everything just a little more peaceful. Living spaces are less congested as there are fewer residents in the complex. These condominium developments, although still very accessible, are not usually located in very busy streets and highways, making the environment more tranquil.
Investing in a mid-rise condo is also a financially sound decision. Mid-rise units are usually more affordable. With fewer floors and units to complete, mid-rise condos need significantly less capital to build than their high-rise counterparts. Buyers are wise to take advantage of this strategy by developers allowing them to own a first class home for much less.
HIgh-rise condos, as the term connotes, are living structures that go up to as many as 20 or more floors. These are usually developed at a central location, with a host of amenities to be enjoyed. Within the complex is access to fitness centers, laundry areas, swimming pools, malls and other services. Because high-rise condos are usually situated at the center of the social scene, it become attractive to young, single professionals.
Vertical prominence is also a primary lure, offering the best possible views of the city skyline as you invest in the higher floors. HIgh-rise condos usually feature a central lobby, where a security station is set up. There is also a 24/7 CCTV monitoring with secured access to the units, making life in the condo feel more safe and secure.
All the extra features a high-rise has to offer come at a price. Expect higher condo fees in order to enjoy them. And because high-rise condos hold more residents, it will be busier and less private than its mid-rise counterparts.
So how do you decide on which one will best suit you? The best way is to work with a trusted real estate professional. You should find one that you can talk to freely and honestly about what you’re looking for in a condo. Choose one who understands all your needs and wants, and will make it her mission to find one that best suits you.