Over recent years, the introduction of condominium complexes has been slowly taken into consideration due to the issue of overpopulation in Bangladesh along with a lack of space and ever since, the skyscrapers are filling up the sky and new projects of high rise building have commenced.
The concept of condominium complexes is relatively new in Dhaka. We are yet to witness how it is going to affect Bangladeshis but needless to say, condominiums come up with a lot of advantages. Here’s why you should consider investing in a condominium:
Free of responsibilities
Ownership of condominiums are somewhere between owning an apartment and a house. Just like apartments, the walls and the inside is your own which allows you to renovate your home however you want to. Unlike a house, maintenance isn’t a hassle. You don’t need to clean the stairs or mow the lawn or clean the swimming pool.
Condos come with a small amount of monthly fees which means that there are people specifically hired to take care of these aforementioned chores. For a small price, you can live stress-free.
Location
Most condominium complexes are located in prime areas which means you get to save up a lot if you’re living near your workplace or the schools of your young ones. Accessibility isn’t an issue if malls, recreational centers, and every other necessity is within your reach.
Top-notch facilities
Condos come with special amenities. For instance, different complexes offer a BBQ stand on the roof, a swimming pool, a well-maintained gym, a garden, sometimes even a lounge area which is only exclusive to the residents of the building.
Security
Most of the condominiums have secure gated facilities, surveillance cameras, lobby guards and security to ensure your safety 24/7.
Potentiality for a high investment
Since you own the four-walled space, you have the option of renting it out whenever you are not living there which in turn could be a sort of passive source of income. Moreover, condos are relatively cheaper in price compared to family-housing apartments which make it a great first-time investment if you’re looking for ownership control.
