Living independently had been the focus of a lot of modern career women. Gone are the days when they merely depend on their partners for their living – more so in buying their own homes. Aside from having additional investments when they purchase a house or an apartment, most if not all single women want to have their own space, where they can live freely and be self-sufficient.
Based on the data from the National Association of Realtors as of 2021 19% of apartment buyers were single women compared to only 9% of homebuyers who were male. Many unmarried women opt to acquire condominiums for a lot of reasons including safety, security, convenience, and a lot more. Let us look closely at four (4) reasons why Condominiums are perfect for Single Women.
Accessibility and Convenience
On top of the list of reasons why single women prefer condos is because it is accessible and convenient.
Condominiums or apartments were built in busy places – areas that are near medical facilities, grocery stores, schools, entertainment plazas, and business centers. They are also located in places near transportation such as bus stops or rail lines. For a single woman with a busy schedule, this is a paradise for her. Her commute time will be reduced resulting in more “me” time and more social action. Some condos also have their own pools, gyms, and club where a resident can socialize with their neighbors.
It is also convenient for a single woman because she does not need to shovel snow, mow a lawn or clean the pool since condominiums have their own cleaning and maintenance team. Keeping your condo clean is not a problem, because aside from the small area of your home, you can always hire cleaners once a week or every three days and you will always come home to a tidy place.
Safety and Security
It is important for a single woman to live in a conducive environment and living in a condominium can assure you of a safe and secure home. How? Condos are equipped with CCTV cameras and security alarms for easier monitoring. Parking areas, streets, and corridors were well lit and in some condominium buildings, panic buttons were installed which you can push to inform the security of any suspicious event or person within the building premises. Security guards were also detailed around the clock at the gates and within the premises of the building. Aside from the personnel providing protection to its residents, the close proximity of neighbors in a condominium building adds to the sense of security – providing safety without invading your privacy.
It is also reassuring for a single woman, knowing that whenever you travel for work or go on a vacation everything is safe in your home – some condo associations have managers who can look after your condo in your absence.
Added relief in living in a condo is knowing that the place you are staying is safe as it has passed quality standards for constructed buildings. In compliance with the standards set, emergency exits, fire alarms, and sprinklers were installed. The management was also required to have a trained first-aid responder or a safety officer who will be in charge during emergencies.
Affordable and Low-Cost Maintenance
Owning a condo is perfect for a budget-conscious single woman, as it will not break the bank as compared to purchasing a house. It is way cheaper probably because it includes a smaller floor area, reduced taxes, and shared maintenance costs. Some condos only require a 5% to 20% down payment and the balance can be paid monthly for 3 to 5 years. You can also opt for Bank financing which can be extended for 10-15 years.
One of the perks of living in a condo is low-cost maintenance and repairs, you do not have to worry as it is what you call a shared expense. If one of your electrical wirings tripped or your sink is broken, you do not need to hire your own electrician or plumber. Your Homeowners Association will take care of this for you, you just have to pay the HOA dues or maintenance fees, and you are good to go. You can also freely spend your weekend chilling in the comforts of your home or hanging out with friends as you do not have to rake the leaves, mow the lawn, shovel the snow, paint the fence and clean the pool or maintain the amenities of your condominium. These are all taken care of by the condominium management.
Investment and Sense of Ownership
It is fulfilling to have a condominium, a place to stay, a place you can call your home. A place where you can spruce up a design that is uniquely yours. It does not matter how big or small your condo is, what is important is how you maximize the space, and how you choose to create beautiful things and memories that will inspire you to do great in your craft.
Your condo is an investment not just your residence, the value of your condo appreciates over time which is often times higher than the inflation rate. The demand for condominium occupants is relatively high so it is easy to put the flat on sale whenever you decide to sell it. Aside from selling it, you can turn it into a rental space and register it on websites offering room rentals to tourists and locals looking for a place to stay.
Final Thoughts
Whether it is for accessibility, convenience, safety, affordability, or for investment, condominiums offer single women the opportunity to become homeowners – to live in a secure and safe environment at a much cheaper price. Whether you settle on living at your condo or move on to a single-family house keep in mind to not let the space limit you from doing great things. Always opt to make living in your home a meaningful one.