Condominiums are unlike any other kind of real estate, though they’re often compared to other types of housing. People often say condos are “halfway between an apartment and a single-family home,” and to an extent, that’s true. Living in a condominium is similar to an apartment in that it’s multi-unit housing and you’re in close proximity with neighbors, and similar to a single-family home in that you have ownership over the property and can make decisions regarding it.
However, condo living should truly be considered as a unique third category, rather than some kind of compromise between an apartment and a single-family home, because it is so different from either. For example, condominiums are usually concentrated in the urban core, and are often the only option in terms of home ownership within densely-populated areas like Downtown Seattle. Owning a condominium is your chance to stay in the city center while still investing in property and enjoying the advantages of homeownership.
There is also no one type of condominium–just as our clients all have different needs and desires, all condos offer something different. If you’re interested in an artist’s loft with exposed brick, an ultra-modern minimalist new unit, or a vintage 1920’s renovated brick building, we are excited to set you up with viewings of what you have in mind.
Sell Seattle is also a great resource for learning more about condo living, neighborhoods, and regulations. Visit our blog for more information, and let us know if you have any questions about something we haven’t addressed–someone else probably has the same question, and we’d love to answer it!