The number of people buying condos has gone up in recent years. The high demand for condos in the market is pushing developers to build more in prime neighborhoods. The following are reasons as to why you should consider purchasing a condo on the Upper West Side.
- Price
Even in good neighborhoods, condos are relatively affordable when compared to single-family dwellings and other types of housing. This makes them an attractive option for homebuyers throughout New York City.
- You Do not have As Much Upkeep
Another great benefit that comes with buying a condo is that you won’t have to weed the garden area, rake leaves, mow the lawn, or do any other outdoor tasks. This is considered to be one of the biggest benefits that comes with buying a condo over renting an apartment or house. Someone else will always be in charge if the pool needs to be cleaned, footpaths need to be clear, the roof needs to be repaired, or anything else that crops up.
- Freedom to Renovate
You will never have any say in how space has been designed when you rent an apartment. However, when you buy a condo, you will have much more leeway to renovate the condo to complement your style and preferences.
- Potential Profit Maker
When you own a condo, you have an asset. This means you stand a great chance of making a significant profit when you sell the condo in the correct economic climate. As long as you keep your condo well-maintained, resell value should increase significantly over time in New York City.
At 360 Central Park West, we offer condos in an amazing building that will exceed your expectations in structure and design. Stop by to check availability.
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