Are condominiums a good idea or a bad idea? That is a query that every luxury household buyer considers before buying an apartment these days. It is interesting how the world is now inclined to buy spacious, luxury apartments for a lifetime rather than another simple apartment.
Since this process involves a lot of investment, it is very important for someone to understand what they are going to get into before arriving at a decision. Greenpoint flats offer luxury amenities, pretty much the same as homeownership.
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The only exception between condo ownership and home ownership is that in the case of condos, the development of individual apartments is managed by a particular association which functions similar to the board of directors in cooperative housing.
The units of the condos have individual owners and the common areas fall under shared ownership. However, the maintenance and repair are taken care of by the association. For some condos, there are on-site supervisors whereas, in case of other condos, there are on-call maintenance crews always available.
The major focus in a condo living should be on the accessibility bias, and hence on the locality. The accessibility bias implies the wish or craving of the buyers to have access to the necessities and luxuries in life. This depends a lot on the location of the condo.