Condominiums are on the rise and are fast becoming one of the most popular options for living arrangements. But for first-time owners, buying a condo can raise a crucial question, “What type do I buy?” Condos come in different shapes and ‘rises,’ and you’ll want to know whether a low-rise, mid-rise, or high-rise condo is best for your lifestyle. And that’s why we’re here to answer.
What’s The Difference Anyways?
While there may be factors that differentiate them, the significant difference between the three styles of condominiums is in the number of stories in the building.
- Low-Rise Condos usually contain between 1-4 stories.
- Mid-Rise Condos usually contain between 5-9 stories
- High-Rise Condos typically include between 10 or more stories.
Low-Rise Condos
Low-rise condos are the smallest of the trio, but they are not without their perks. They are by far the cheapest kind of condos with the fastest turnover rates and fastest completion timelines. Another great thing about low-rise condos is that they have excellent resale value, so if you’re looking to resell eventually, you should consider low-rise condos.
When it comes to accessibility, low-rise condos offer less accessibility to the busy parts of town, but that also comes with the advantage of a more serene, quiet environment. They are usually located in places with lots of greenery, walking and park spaces, and hiking trails.
Low-rise condo neighborhoods are usually very relaxed, slow-paced, and intimate, unlike the fast-paced middle rise condo lifestyle. So, the serene, quiet environment makes a low-rise condos perfect for anyone with a not-so-active lifestyle looking for peace and quiet.
Besides the lifestyle factor, your budget is also crucial in deciding what you want. The logistics of these types of condos vary from place to place, and taking personal tours of all the cheap houses for rent San Diego will help you determine what’s best for you.
Middle Rise Condos
With more units than low-rise condos and a cheaper price tag than high rise condos, mid-rise condos seem to be a nice balance between the two. Mid-rise condos also have excellent resale value since they are located in the city, even though they are not in the busiest parts of the city.
Regarding the resident population, mid-rise condos are in that sweet spot of having a sense of community without having too many people to make you feel congested. The unique location of mid-rise condos gives them fairly close accessibility to green spaces and essential services like schools and hospitals. Mid-rise condos seem to offer the best of both worlds, or maybe not enough of both. It depends on how you view it. A mid-rise condo will be perfect if you want a functional yet uncongested living space.
High Rise Condos
High-rise condos are the biggest and most expensive of them all. One thing high-rise condos offer that you can’t find in the other kinds of condos is the fantastic view of the skyline, not to forget the floods of natural light that they provide are the views. Their specific location and height provide high-rise condos owners with a great view of the city skyline, which is especially spectacular at night.
However, one of the significant drawbacks of high-rise condos is that because of their massive size and height, it might take longer to leave a unit, especially if you live on the top floor. High-rise condos are located in the busiest parts of the city, and their heights offer increased protection from smoke, traffic, and pollution.
The location of high-rise condos means that unit owners can easily access many essential services like hospitals, schools, and various establishments close to or located within the condo complex, for example, grocery stores, restaurants, and shopping malls. High-rise condos usually offer luxurious facilities like swimming pools, gyms, spas, and the like. If you’re interested in resale, high-rise condos are known to have excellent resale values since they are very much in demand. So, high-rise condos let you live urban life to the maximum. So if urban convenience, close to work city living are what you want, a high-rise condo will be perfect for you.
Conclusion
Suppose you’re looking for an answer to “What’s the best kind of condo” you won’t find it here. The best condo depends on your needs, preferences, and personalities and how high you want to live in the sky.
If peaceful, quiet, communal, and slow-paced sounds like what you want, then your best bet would be to go for a low-rise condo. If you’re more of a city person with an affinity for fantastic skyline views, natural light, and luxury living, a high-rise condo will do you just fine. And if you’re the type that wants either a little bit of both or a little less of both, then a middle-rise condo will be great for you.