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5 Reasons Why People Are Flocking to Luxury Condos

Thomajan & Ladner Group June 11, 2021

5 Reasons Why People Are Flocking to Luxury Condos

A strong sense of community, low maintenance, and other reasons why Austin condos are hot commodities

Are you planning to sell your home in 2021 and relocate to the Austin area? Do you already live in Austin and are considering downsizing your single-family home to one of the luxury Austin condos on the market?
Luxury condos are the wave of the future, especially in the downtown Austin area, where employment is booming, and space to build single-family homes is limited. There are a number of perks to living in luxury condos, which is why more and more residents are flocking to them when they are ready to buy a home. We’ve compiled five of the main reasons more people are leaning towards a condo.

1. Location

Austin condos, like most condo complexes in larger cities, are conveniently located in urbanized areas where there are numerous nearby jobs as well as entertainment and recreational opportunities. In Austin, mega-employers like Indeed, Google, and Facebook all call downtown home, and those who work for these and other downtown companies can easily walk or bike to work when they live in downtown luxury condos like those at 70 Rainey.
In addition to employment, downtown Austin also features world-class dining opportunities, trendy bars, a wide array of shopping opportunities, and multiple conferences, festivals, and other entertainment and cultural events. Those who want to be in the heart of the action will find plenty to love when they buy downtown Austin real estate.

2. Low Maintenance

If you currently own Austin real estate in the form of a single-family home, you know how much time, effort, and money goes into the maintenance of your house. Mowing and fertilizing the lawn, taking care of repairs, and keeping up with the exterior appearance of your home can sometimes feel like a part-time job. This can be stressful for those trying to establish a career, caring for young families, or nearing retirement age, as they may find many of these tasks difficult.
Luxury downtown Austin condos take this worry off homeowners’ shoulders. The landscaping and exterior of condo buildings are always meticulously maintained, and owners don’t have to worry about big expenses like new siding, roofs, or windows.

3. Luxury Amenities

If you want to live the good life with lush amenities at your fingertips, you need to consider buying Austin condos. On-site fitness facilities, swimming pools, play areas for kids, saunas, and entertainment areas are just a few of the life-enhancing amenities you can find in luxury condos. Some condos also have the added benefits of on-site restaurants, libraries, and high-end spaces that you can rent for private parties or gatherings with your friends.
Another bonus of many luxury downtown Austin condos is a 24-hour concierge and valet service that can help you with anything from catching a cab to grocery deliveries to taking your best suit to the dry cleaner.

4. Close Sense of Community

It’s easy to become isolated when living in a single-family home—especially if you don’t have much in common with your next-door neighbors. Downtown Austin condos tend to have a close-knit community as they attract those with similar lifestyles, goals, and interests. Seeing those you live in the same building with frequently at the condo’s gym or other shared spaces enhances that sense of togetherness and creates a more social environment.
Research has shown that people feel happier when interacting with others. This is especially helpful for retirees or those who work from home and are not benefitting from socializing at the office.

5. Security and Safety

From security personnel to high-tech security cameras, alarms, and other equipment, safety and security abound in luxury Austin condos. If you want the peace of mind of controlled access, 24/7 monitoring, and on-site security professionals who are available at any time of day or night, you need to consider a condo for your next Austin real estate purchase.

Tips on Buying Luxury Austin Condos

Convinced that buying one of the Austin condos on the market is right for you? Use these tips to help ensure a successful buying experience:
Consider the Home Owners Association. Every condo will be part of an HOA, but they will likely differ when it comes to benefits, responsibilities, and fees. Once you narrowed down the Austin real estate you’re interested in, go over the HOAs with your realtor to decide which best fits your unique needs, preferences, and budget.
Check out the parking situation. How many parking spots will you get with your condo purchase? Is the parking indoor or outdoor? What are your options when you have guests who need to park their vehicles? Parking will be different between downtown Austin condos, so make sure you find out all you need to know before making a decision.
Examine the pet policy. Those who own Austin real estate love their pets, and one of the perks of the city is how pet-friendly it is. If you have a dog or cat or plan to get one, make sure you verify the pet policies in the condos you are considering for purchase.
Determine the percentage of renters. Not all condo buildings are made up exclusively of owners. Buildings with a high percentage of renters can affect your financing options as well as the feeling of community and your overall enjoyment of your new home.
Work with an experienced downtown Austin real estate agent. The best tip when looking at Austin condos for sale is to work with a professional local agent who is knowledgeable about the condo industry. He or she can help you find condos for sale, compare and contrast them, and help you make a solid offer once you decide on the right condo for your family.
Ready to live the good life and buy one of the many luxury Austin condos on the market? Reach out to one of the professional realtors at the Thomajan Ladner Group to start your journey.

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