From a stand-alone house to a rented flat or apartment, you have tons of options that can meet your accommodation needs. But there exists another class of dwelling that can benefit you greatly under certain conditions. These are called ‘condominiums’ or ‘condos’ for short.
“A condominium is broadly defined as ownership of an individual dwelling in a multi-unit structure that includes joint-ownership of an undivided interest in the associated land and facilities held in common.”
The idea of condominiums, however, is not new. The first use of condominiums has been traced back to first-century Babylon, where a similar ideology was used. From there, the idea has just been revolutionized and has become very mature over time. There are ample reasons (which we will discuss later in the segment) as to why the idea of owning a condo has become so popular and demandable worldwide.
In Bangladesh, as more and more people crave to escape the busy city and retreat to a place of peace & tranquility, national and international developers have jumped on this opportunity and condominium developments have become the new “thing” in the private sector. Bproperty, has a huge interest for these kinds of developments as well and it is to be expected that condominiums will change the city’s atmosphere drastically in the nearby future.
Behind The Leap
Condos are different from other accommodations such as apartments and stand-alone houses in its dealing with ownership. The main difference between a condo and an apartment is that you don’t actually own the unit or the common areas of the property rather it’s the airspace of a unit in a multi-unit structure whereas you just own the apartment, there is no joint ownership. So what are the benefits of living in a condo and most importantly what are the reasons behind the surge in condominiums?
The Luxury of a Low-Maintenance Life
While living in an apartment or a house can give you all sorts of freedom over customizing and decorating your property to your liking, you will still have to be involved in the property upkeep to keep it neat. In a condo, however, you don’t need to think about maintenance because other people will do that for you. You see, a condominium works in a different way; a board of directors, also known as the House Owners Association (HOA) is in charge of all the property upkeep so there is no need to engage in any kind of maintenance activity. This way, you can enjoy the panoramic view of the sunset and changing season without having to worry about mowing the lawn, rake leaves, cleaning the floor, painting the wall, and so on. You just have to pay a monthly condo fee, that’s all.
Living in a condo can give you access to all kinds of amenities. This is one of the reasons why condominiums are special and different from other accommodations. It immediately brings you closer to all of those luxuries you otherwise wouldn’t have access to in an average house or apartment. A magnificent swimming pool, modern gym, party space, lawn, and indoor parks for children are some of the amenities that an average condominium offers.
Houses or apartment buildings can be built in any location. Builders are not bound to choose specific locations for houses or apartments as they do for building condos. Normally condominiums are built either at the heart of a city or amidst a tranquil environment far from hustle and bustle. No matter where the place is, conveniences like shopping malls, transportation, and educational institutes will always be mere steps away from your front door. Condo developers specifically choose the best locations for a more productive and luxurious lifestyle.
Safety and Security
You will never have to worry about the safety and security of your home if you choose to live in a condo. Because it is not just about your safety, it is about the safety of the entire premise community. If your profession requires you to travel a lot or you are a young professional lives by themselves, living in a condo might just be the thing for you. Apart from the cutting edge surveillance system, the presence of your neighbor and the whole community will give you a sense of relief and peace of mind that you can’t put a price on.
Community and Social Ties
Condo living is a great choice if you enjoy being part of a community and building relationships with other people. As you are taking advantage of shared amenities you would most likely bump into familiar faces and meet people from your community. Apart from this, occasional gatherings and celebration parties will give you the opportunity to create and strengthen social ties thus keeping your social life in balance.
These are some of the reasons why condominiums such as Rightway Airport Plaza can be an ideal place for you and your family to live in. Airport Plaza has all the facilities and amenities that a condo should have and ensures you a better lifestyle. Like Airport Plaza, there are some other condos throughout the city, though they are rare. Whether you are chasing your dream job or starting a family, if you are looking for a place to grow old then condominiums are definitely worth checking out.
So what do you think about condominiums? Your opinion is highly valuable to us. So do let us know your thoughts in the comments section below.