Why Own a Condo in Chandler?

Why Own a Condo in Chandler?

August 27, 2018 Off By Fred Johnson

If you’re not yet convinced to move here, perhaps learning more about the city’s notable statistics helps. Chandler is home to many public and private schools, including some ranked within the top 20 schools in the state. As for employment, the city’s entrepreneurial spirit makes it conducive to small business growth. There are also a number of innovative technology companies, including Intel, which now has an office in Chandler. The city is also known for its top medical facilities, which offer jobs and quality patient care. Chandler is also one of the most scenic cities in the region due to its abundance of parks and recreational places. Compared to other cities around the country, it’s one of the safer places to live, which is another benefit for families. The average violent crime rate here is 210 out of 100,000 people, which is below the rate of 386 violent crimes for every 100,000 people nationwide. In 2010, Chandler was named an “All-American” city for its high quality of life. With an average high temperature of 85ºF and about 330 days of sunshine each year, Chandler is definitely a place to go if you like blue skies and great year-round weather.

Now that you know what the benefits are of moving to Chandler, it’s time to find a place to live. With an active real estate market here, you have many good options of places to consider living. One living arrangement that suits many people is a condominium. There are many advantages to owning a condominium, including that it’s generally less expensive than owning a home, and that it doesn’t come with the same long-term commitment and obligations that home ownership does. Additionally, there are various benefits that you’ll get by joining a condominium development. For one, it’s a great place to be if you’re new to town, as you can easily meet new people. A condominium also usually has many amenities that might not otherwise be affordable, such as a swimming pool, fitness center, tennis courts, a golf course, and sometimes even a community center for residents to enjoy. The price that you and your neighbors pay for your condominium, along with the continued homeowner’s association fee, helps to fund these special amenities. You’ll also share the cost of property maintenance, such as gardening and landscaping. A third advantage of buying a condominium is that most condo developments are located in highly desirable locations, such as near a popular lake, a thriving downtown center, a top recreational area, or a nationally ranked golf course. Living in a condo means you’ll get to live in a coveted location for a lower price than you would pay if you lived in a single-family home.

Currently, the median value for a condominium is about $275,000. This is about $70,000 higher than the median value of a condominium statewide. As a prospective home owner, you’re probably weighing the pros and cons of renting a condo versus buying one. Of the two, industry experts and financial advisers generally recommend buying a home. When you purchase a home, you may be able to get tax deductions for property taxes and interest accrued on mortgage. In addition, you’ll be able to build equity by purchasing a condo instead of renting. People who are planning to live in a place for awhile often consider buying a condo to be a good investment because the price may appreciate over time, which means the condo owner can use the house as a means of collecting rental income. Before deciding to do either, however, you’re best off sitting down and adding up the costs of all expenses associated with buying a condo versus the monthly rent you’d pay for renting a unit. This way, you’ll be able to plan a move to Chandler into your long-term financial budget.