Condo Living Advantages & Insurance

Condo Living Advantages & Insurance

There are some obvious advantages to being a condo owner and New Jersey has some great areas that may be more affordable if you’re living in a condo, as opposed to a home. Owning a condo can also be a good way to live in urban areas when you are ready to take the next step from renting. No matter what your reasons are for thinking of owning a condo or already owning a condo, here are some great advantages of being a condo owner to keep in mind.

1. Price per square footage is often less than a home.
2. You don’t have to worry about a lease.
3. Social advantages because you will have more long term neighbors than apartment renting.
4. No exterior maintenance (in most cases)
5. Freedom to remodel
6. Investment potential
7. Tax advantages that a homeowner also has.
8. Location because it may give you the ability live in a more urban area than a home.
9. Community amenities with living in a condo can be anything from a swimming pool to a fitness facility.
10. Often more security than a home or apartment, especially if you choose a gated or closed off condo community.

Once the decision has been made, allow our agents to help you with your condo insurance policy. One of the tricky parts of being a condo owner is reading the by-laws and figuring out just what you are covered for by your condo association and where you need coverage. Our agents understand that you have unique needs as a condo owner and they can make sure that those coverage gaps are filled. Make sure you have the coverage for your possessions and whatever inside repairs you would be in charge of if something were to happen to your home. Call our agents now at 888.865.1244to discuss your condo insurance options and needs!

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