Why The Moment Is Right For Luxury Condo Living In The Greater Seattle Area
From beachfront living on Alki Beach, where you can wake up each morning to an inspiring view of glistening Puget Sound and the majestic Olympic Mountains, to a chic downtown Seattle high-rise with access to world-class theater, high-end shopping and great dining at your fingertips, luxury condominium living in Seattle is having a moment.
There’s a lot to be said for less home maintenance, proximity to events and museums, and thoughtful amenities and communal areas, and many at a lower price point than a single-family home in and around Seattle. Our team has connections at the area’s best condominium communities and is adept at matching buyers with the right space for their needs. Ready to dive into the market?
Reasons to Buy an Urban Condo
There are several benefits to purchasing an urban condo instead of buying a single-family home in a city neighborhood or renting an apartment. Among the top benefits:
Central Location
Urban condos are well-located in the downtown core, or nearby, offering easy access to Seattle’s entertainment and business districts. This typically means the homeowner is within walking distance of employers, restaurants and bars, major attractions, city events, and public transit.
Affordability and Return on Investment
Purchasing a condo is often more affordable than buying a home and less expensive than renting an apartment. In addition, the process may not be as intimidating for first-time homebuyers, as they often spend less and the condo includes many amenities, like appliances, maintenance, common-use areas, and more.
Return on Investment
RSIR brokers are prepared to educate condo buyers on how some condos are better investments than single-family homes. They may help find situations where properties are selling for less than their assessment value, leading to quicker appreciation. If you’re seeking an investment opportunity, purchasing several condos in a new development can put you ahead. Sellers might drop the asking price if they find a buyer interested in more than one unit in one of these new complexes, which can then later be sold off again. If you’re just looking to get started in the real estate market, a luxury condo purchase can be an excellent first step and a way to diversify your portfolio.
Flexibility
Ideal for those seeking a flexible living situation and the lock-and-leave lifestyle, urban luxury condos in Seattle fit the bill for those looking to downsize or who don’t want to put time into maintaining a house. They’re especially good for homeowners hoping to travel and who won’t be home year-round, or those who are moving into the city after their children leave for college and would like to easily access all Seattle has to offer.
Affordable Insurance
Those who own an urban condo typically pay less for homeowners insurance. The policy needs to only cover the inside of the home, as HOA fees insure the condo complex.
Community and Amenities
Condos can provide a welcome sense of community and access to excellent amenities not all provided in a single-family home. This could include shared spaces such as kitchens, patios, roof decks, pools, fire pits, hot tubs, fitness centers, tennis courts, spas, and dog runs–all without worrying about upkeep.
Appliances Included
Appliances are typically included in the price of an urban condo, and repairs are usually covered by building maintenance.
Low-Maintenance Lifestyle
In terms of home maintenance, urban condo owners don’t have to deal with yard work, home repairs, or attending to hallways, entryways, and community spaces. This is covered under typical HOA fees, making it the ideal lock-and-leave situation for those who value location, flexibility and fewer headaches about home upkeep.
Sense of Security
Particularly comforting for those who live alone, condo complexes typically have secure entrances, possibly a door attendant, security guards, and surveillance cameras.