Five reasons a condo in Park City, Utah might be right for you
When you think of the best small mountain towns in America, Park City easily comes to mind. It offers a high standard of life, boosted by a plethora of seasonal outdoor activities, scenic views, proximity to Salt Lake City, and quality education and health care services. Last but not the least, Park City is home to one of the most desirable luxury real estate markets in the country.
A chunk of Park City property listings consists of condos. Whether you intend to move here permanently or invest in a vacation property, below are a couple of reasons why a condo might be the perfect choice for you.
- Minimal maintenance requirements
Unlike single-family homes, where round-the-clock care is part of your responsibility, condos require significantly less maintenance. All you really need to take care of is your unit. The rest, including shared areas and facilities, fall under the jurisdiction of the condo owners association. A portion of your monthly payments fund the entire complex’s maintenance and utilities, as well as the manpower needed to keep the building safe and clean. - Flexible living arrangement
It’s harder to leave a single-family home unoccupied if you suddenly need to be someplace else. But with condos, it’s a different story. You don’t need to worry about security, even if you’re going to be away for a long time. And since condos are typically located in busier neighborhoods, you’ll be within short walking distance from a variety of services and retail options. Some condos have dedicated mixed-use areas, allowing their residents to access goods and other essentials without having to go far. - Condos are more affordable
Although living in a condo will require you to pay monthly dues, the total expenses are lower than living in a single-family home. More importantly, condos are comparatively less expensive than detached residences, making it a great entry point for first-time homebuyers. And just like a single-family home, owning a condo also allows you to build equity over time. You may also be eligible for certain tax deductions, depending on your unique personal circumstances. - Access to great amenities
Your monthly condo dues not only cover maintenance and certain utilities. It also helps finance a wide range of amenities, such as spas, swimming pools, gyms, game rooms, parking, storage, and laundry facilities. These features aren’t typical in most single-family homes. In fact, you’ll have to pay a premium for a luxury property. - A great place to meet and make friends
If you’re new to Park City, living in a condo opens opportunities to socialize with your neighbors and eventually establish friendly relationships. Some condo associations even host monthly events to foster a tight-knit community. That said, such an environment doesn’t force you to meet people if you don’t want to— make friends at your own pace, or not at all.
Ready to explore Park City property listings to the right home for you? Get in touch with Team Schlopy today by calling (435) 640-5660 or sending us an email.