Are you planning to transition to a new residence to uplift your lifestyle while minimising the burden associated with household tasks?
Nowadays, every single-family house owner is inclined to simplify their lives by eliminating house maintenance jobs and other chores. Why? Because it becomes overwhelming and challenging to pay attention to your business activities and spend quality time with your friends and family. Therefore, it is always an excellent idea to relocate to a condominium and become part of a thriving community. In addition to having optimum housekeeping services, you can benefit from a variety of entertainment amenities.
Besides, the Upper West Side condos for sale are considered the best condos in New York City because of the luxuries they offer. Further, the beautiful units in high-end complexes represent the allure of urban living while capturing the attention of all investors and homeowners. From spectacular fitness centres and phenomenal swimming pools to parking areas and premium security services – they provide access to numerous facilities that aim to make your life simpler and better.
Condos vs. Single Family Houses in Upper West Side
The majority of the people prefer independent houses since the pandemic of Covid-19. However, there are still individuals who would rather choose to live in an apartment or a condo situated in a highly developed and suburban area. Reason? Because condos are cheaper than single-family houses. Also, this doesn’t have a negative impact on inhabitants’ lifestyles.
Additionally, the interior space might be smaller than a house, but individuals may choose a condo with a number of rooms that cater to their specific needs. Moreover, it can be an ideal low-maintenance choice if you don’t have the time to:
- Cope with the hassle that comes with home maintenance
- Perform outdoor tasks such as gardening and landscaping
On the other hand, monthly HOA dues in regions such as the Upper West Side can be extremely pricey. They may range from hundreds to thousands of dollars. Well, remember that you get access to a myriad of high-end amenities that wouldn’t be accessible in a house. For instance, you would have to pay a huge sum of money every month if you join a gym. Similarly, you wouldn’t be able to feel secure in a tremendous house without:
- Hiring a trained security guard
- Introducing technological safety devices
Therefore, you need to pay monthly HOA fees while living in a condo, but the management guarantees that all residents:
- Enjoy compelling facilities
- Stay healthy and entertained
- Interact with people having similar interests
Upper West Side Condo: The Best Investment Property
The Upper West Side condos for sale offer an excellent opportunity to investors due to their immense popularity. Additionally, there are numerous factors that contribute to the increasingly high condo housing demand, such as:
- The neighbourhood’s status as a worldwide economic centre
- Its diversified population
- Cultural attractions and historical places
As a result, the rental market is always competitive and offers investors a reliable source of income. Also, the fact that the town attracts professionals, students, and visitors boosts the demand for rental houses. Thus, you should consider renting out your condo when you think about the kind of ownership you want. Besides, by doing this, you will:
- Increase your rental income
- Be able to invest the money in your property
Moreover, you can use the funds to pay for your medical costs, liability insurance, and other related expenditures. As time passes, the condo’s worth rises, enabling you to obtain more from conventional condo units and other real estate investments. Besides, having a condo provides you with the freedom to rent it out or use it as your personal home. It presents a golden chance to make money or have a second home in one of the most thrilling cities in the world!
Major Pros of Upper West Side Condos for Sale
As you continue to learn about the Upper West Side condos, you will eventually apprehend how beneficial it is to purchase one. Additionally, here are the most common pros that make condo ownership an optimal solution:
Fitness Centers
When you decide to buy a condo, you actually take a huge step to engage yourself in various activities. For example, if you’re a fitness freak who’s looking for ways to improve health and boost energy, you must visit a few condos in the Upper West Side.
You may find high-end gyms with top notch equipment that lets you tone your body while achieving your particular goals associated with health and well-being.
Entertainment Options
Similarly, you shouldn’t worry if you’re a fun enthusiast who tends to live in a place surrounded by entertainment venues. Because there are several facilities such as movie theatres and BBQ areas where you can gather with your family and friends to make exciting memories. Furthermore, there are fireplaces and terraces where you can sit in winter and enjoy a cup of hot chocolate.
Simply put, condos cater to all needs and interests. Therefore, they are perfect for creating a tranquil atmosphere.
Maintenance-free Lifestyle
The management of the dwelling is responsible for making sure that all maintenance tasks are conducted efficiently and timely. The workers will take care of everything, ranging from roof upkeep to gardening. Thus, you can spend your time on better things, such as:
- Pursuing your interests and focusing on your career
- Going to malls and restaurants with your family members
- Arranging meet-ups with your friends
Also, the directors of the association ensure that cleanliness is maintained, which ultimately contributes to the health of the residents. They hire employees who perform regular cleaning and help build pleasant surroundings to attract potential buyers.
Final Note
Depending on where you reside, a home may be priced over $400,000, whereas a condo will cost you half or even less. They require less care than single-family dwellings because you don’t need to maintain as much area. Additionally, they are simpler to rent out because more individuals prefer to rent units instead of houses. This is why they prefer to own homes and take out their own mortgages whenever they become financially strong.
In short, you may build equity over time if you choose to buy a condo in the Upper West Side, where prices are constantly accelerating. Remember that getting in touch with a realtor is of utmost importance as they help discover the best options available in accordance with your preferences.
Contact our specialists at The Boland Team NYC if you’re searching for condos or Upper West Side apartments for sale!
