Condominium ownership combines many of the benefits of owning and renting a home. If you are interested in moving out of an apartment but are unsure about whether a home purchase or condominium purchase would be better suited to your needs, talk to your real estate agent about the advantages of owning Atlantic City condos.
One nice advantage to condominium ownership over renting a property is the fact that you can claim tax credits that are similar to those of homeowners for mortgage payments. There is no such tax credit available for renters. You may not think at first that this represents a huge amount of savings, but every little bit helps when adding up the credits at tax time.
Condominium owners enjoy some of the same reduced maintenance benefits as renters in that they are not responsible for the upkeep of their Atlantic City condo. The condo association is normally responsible for any upkeep required, such as repairs, painting, plumbing, or electrical work. All condo associations have specific rules about upkeep, so it is best to read the agreement in full just to make sure.
Even though you may have some redecorating guidelines to follow, as outlined in your condo agreement, most agreements will allow you to do some remodeling if you so desire. Typical remodel options allowed including repainting your walls, redesigning the bathroom, or changing out the carpet. Apartment renters are not normally allowed such redecorating options.
There are also several other amenities you can enjoy as an Atlantic City condo owner. Many condo associations provide condominium owners access to sports clubs, exercise facilities, outdoor recreational equipment, indoor and outdoor swimming pools, and much more. Often, these communities are highly secure with garage security cameras and have gated communities with keypad entry systems. This will help you feel more secure about living in a condo community.
For seniors or others who have limited mobility, being a part of a condo community that has social activities for its members is a way to enjoy socializing with others that might not otherwise be possible.
Owning an Atlantic City condo can be the best of both worlds. You will have all the advantages of home ownership and renting combined. For more information about the benefits of Atlantic City condos, contact your local real estate agent who will have a wealth of information with regard to the unique dynamics that will help ensure a perfect for you.
For the best in South Jersey Shore real estate and for a complete listing on Atlantic City condos and homes, visit Atlantic City Real Estate | Condos For Sale in Margate, Longport, Jersey Shore & Ventnor, NJ – Linda Magarick, Realtor , call 1-800-636-4508, or email lmagarick@aol.com.
