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From Rob’s Blog: Since we had been living at Paramount Bay we knew how it “ticked”. The president of the homeowners association is a full time resident and is diligent in his duty. It’s run like a well-oiled machine. We have 24 hour security. 2 great gals, Norma and Nico that clean the public areas, 7 days a week 2 full time gardeners and 3 maintenance guys plus a pool boy. The gym, OK, no I don’t use it, but Kevin does, is beautiful and fully equipped. My property taxes are about 1% of the price of the condo and my HOA’s are less than I was paying for a 1200 square foot condo in the French Quarter. My fees there covered water, hurricane insurance and elevator maintenance and NOTHING else!… Read More Here about living in Paramount Bay
Pros of Buying a Condominium
- Security. Many condos offer gated or locked entries, doormen, or even security professionals for residents. If you live alone, or security is a concern for you, this can be a major perk. In addition, you’re living in close proximity with many other people; in an emergency, you’ll have plenty of people to turn to for help.
- Amenities. Want a pool? A fitness center? Wednesday game nights at the community clubhouse? Many condo communities offer residents amenities that are out of reach for the average homeowner.
- Maintenance. One of the biggest benefits to living in a condo is that other people do the maintenance for you. They cut the grass and maintain the grounds, they fix the roof, and there are plenty of workers on hand for when your furnace quits. If you’re a first time homeowner, in poor health, busy with work, like to travel, or you just don’t want to deal with all that work, this is a major benefit to living in a condo.
- Affordability. Condominiums are often priced lower than single-family homes. If you want to dive into home ownership, a condo can be a great first step.