Pros and Cons of Buying A Condo in Roswell

Which is better – buying a condo in Roswell or buying a single-family home? For homeowners, it’s usually not too difficult to figure out, but it gets a little more complicated and is a tougher question to answer for investors. The answer, of course, depends on your preferences and your needs and your business model. Both condos and single-family homes have their pros and cons. Either way, you go, it’s a big purchase that you’ll be paying on for a long time, so you need to take the time to carefully consider all aspects before buying a condo in Roswell.

Pros of Buying a Condo in Roswell

1. LOWER PRICE

Generally, condos sell at a lower price than single-family residences. And this makes a condo a good starting point for both homeowners and investors.

2. AMENITIES

Buying a condo in Roswell can be a good move because of all the amenities available, which can make it very attractive to potential tenants.

3. SECURITY

Often, condo communities offer gated and locked entries, as well as doormen and professional security. Another security plus is the close proximity of other residents in case some emergency arises.

4. EASY MAINTENANCE

One of the biggest draws of a condo is the easy maintenance, usually taken care of by people hired to see to those tasks. Not having to mow the grass or repair the roof or fix the furnace can be very attractive for buying a condo in Roswell.

Cons of Buying a Condo in Roswell

1. LITTLE PRIVACY

Buying a condo in Roswell means little privacy for residents because it’s basically an apartment you own. So the only thing separating you from your neighbors is a wall, which isn’t very conducive to privacy and quiet.

2. HOA FEES

All those amenities and the maintenance that is taken care of for you, have to be paid for somehow, and that usually happens by way of homeowners ‘association (HOA) fees. Buying a condo in Roswell means that you are, essentially, becoming a business partner in the community. And that comes with financial obligations.

In addition, condos have taken a pretty hard hit as a result of the recession. And this means that people are struggling financially and often become delinquent on those HOA fees. But the expenses don’t just go away. So fees increase, and the people who do pay (you) have to pay more.

3. RESTRICTIVE RULES

Condo residents are bound by many rules and restrictions that govern what- is and isn’t allowed. If, for example, you want to install a solar panel on your roof to conserve energy, you would first have to get permission from the condo association. And there is no shortage of rules and regulations like this, including ones that tell you whether you can or can’t barbecue outside.

4. DIFFICULT TO SELL

This one is a particular concern for investors interested in buying a condo in Roswell. Condos are harder to sell than single-family housing, especially if there are many empty units in the building.

5. SLOW APPRECIATION

The appreciation rate for condos is usually much lower than that for single-family homes, generally a big concern for investors. Owning a condo means that you don’t own any land, which is the biggest factor in driving appreciation.

Buying a condo in Roswell, as with any major purchase, demands careful consideration of both pros and cons. Carefully assessing your needs and desires and then weighing the pros and cons will help you make the right decision. Of course, the expert advice of a top-notch real estate professional can be a big help as well.

Are you ready to buy a condo in Roswell? We can help! Send us a message or give us a call today! (404) 964-2267

Tania Gardere MacLeod

Roswell’s Perfect Spot Top Producing Real Estate Agent & Lacrosse Mama IT'S THE PERFECT SPOT Hi, I’m Tania (pronounced Tan - like a SUN-TANya, not TONya). Not to digress, but I get this question all the time. My husband Doug & I have lived here in Roswell since 2002 and we have 1 son and 3 girls. All of them play lacrosse, so when I’m not out showing and selling houses, doing walk throughs, attending closing celebrations, taking continuing education classes, attending seminars, watching HGTV or jogging with my dogs, you’ll find me on the side lines of a lacrosse field cheering for my kids and their teams! I’ve been in Real Estate right here in Roswell since 2007. Currently, I average about 95%+ of my business comes from referral, so it’s critical that I connect with my clients from the beginning and spend some time discussing what their goals are, so we can create a plan that makes sense for them. I’ve been able to sell homes for more money and in less time than the average agent in Atlanta. That means your house is on the market for less time, so you can move on to your next phase of life... and have more money too! Being in the top 10% of all real estate agents in Atlanta, means I’m doing more business so I deal with the majority of bumps that can come up during a transaction so that we are better prepared how to handle anything that comes our way. This is the biggest investment for most of us, and I want this to be a great experience for you too! I’m not a transactional real estate agent, I’m a FULL - SERVICE RELATIONAL REALTOR®. I am here to help you and your family (including your family pets! ) through the entire process, well before it’s time to put your house on the market to sell or time to buy a new house, and well after we’ve close on your new perfect spot to call home. Sometimes we need to come up with a plan to save up for that dream house for a year or two or even work with my lenders to craft a credit repair or improvement plan so you qualify for a better loan option and rate. Often times, my buyers have to sell first, but they don’t want to put their house on the market before they find the perfect spot to call home and buy. So we have a vicious cycle of not enough homes (or the right homes) on the market when you need to buy. Don’t worry, this is where my networking skills really help you out. I keep a secret list of homes not on the market. And many times, you can tell me a specific neighborhood you want to live in, and I can FIND someone who might consider selling to you. I go the extra mile to make sure we find or sell your perfect spot to call home. I’m your life time real estate advisor! Many referred to me as the high energy Roswell Real Estate Expert. It's where I live, work and play!

Connect With Us!

If you're looking to buy or sell a property connect with us today!

How Can We Help You?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
    (check all that apply)
  • This field is for validation purposes and should be left unchanged.