Low Rise Condos vs High Rise Condos: Which Do You Prefer?
Purchasing a condo can be an excellent choice for real estate investors of all experience levels. Whether it is a permanent residence or a second home for the weekends, one of the most important decisions people need to make is regarding which type of condo suits their lifestyle best. The two main types of condos are high-rise buildings and low-rise communities. Each style presents unique pros and cons. Wondering which one is right for you? Keep reading to find out the differences between high-rise and low-rise condos.
What's the Difference Between High-Rise and Low-Rise Condos?
Condos are available in a wide range of sizes. Neither a low rise nor a high rise is better than the other, but determining the right fit will be based on the property owner's needs and desires. Most often, a low-rise condo is smaller, generally under 9 stories. Many times, these condos have between 4 and 12 units on each floor. Some are much smaller overall and may only have a few residences in them. These buildings have a more straightforward design with access to the building from a catwalk on each floor or an interior elevator for access to a hallway of units.
A high-rise complex is typically much large, with 10 or more stories. The higher they are, the longer it takes to enter and exit them using elevators. On the other hand, high-rise locations typically offer improved views. High-rise condos may also have fewer units on each floor, making each condo more spacious and private.
Here's What's Great About High-Rise Condos?
Whether you live near the ocean or a sparkling skyline, the unobstructed long-range views are perhaps one of the best reasons to buy a high-rise condo in any area. Higher elevation is more desirable because of the improved view for many people, but there are other benefits to living in the sky.
If selecting a luxury high-rise condo, that may mean there are numerous on-site amenities to benefit from, including fitness centers, higher-end finishes in the units, and spas in the building. Some also offer concierge services, which means owners can get help with booking everything from dinner reservations to local shows. Pools (sometimes rooftop pools), coffee shops, cafes, entertainment lounges, libraries, and game rooms are more potential amenities in these locations.
Often, these condos are also in a prime location, which may mean good access to the finest entertainment and restaurants the area has to offer. Commute times matter when buying a home, and staying in a high-rise condo near downtown can save time and money on transit.
In some cases, high-rise condos are a bit easier to manage than a home because they may not have any exterior access points (like a yard) to worry about. Still, they may offer some housekeeping help from property management, depending on the location's features.
Enjoy the Benefits of Low-Rise Condos
While the high-rise lifestyle may appeal to many people, for others, low-rise condos are the better choice. Typically, they are easier to access without the need for waiting for an elevator to be available. They often offer outdoor amenities other locations may not, such as garden patios or deck areas. For those interested in investment property through rentals, for example, buying these may offer a better return on investment value than a high-rise condo.
Corner units are usually the most desirable in low-rise communities because they may afford more privacy to some people. Many low-rise condos are also located further away from bustling tourist areas, which may mean fewer crowds in many areas. They are closer to the street and ground floor, which means there's also ample ability to go for a walk without having to travel through hallways and corridors to get outside.
High-Rise Condos v. Low-Rise Condos: Which Do You Prefer?
If you're having trouble choosing between a high-rise condo or a low-rise condo: worry not. Each style of condo offers a good investment opportunity and many different lifestyle advantages. From penthouse suits overlooking the waterfront and oceans to quaint, small communities dotting the landscape, the versatility of condos enables people to find just what they are looking for most of the time. To decide which is right for you, research the region and thoroughly consider which condo will better serve your daily needs.
Fort Lauderdale High-Rise Condo Resources
- Low Rise Condos vs High Rise Condos: Which Do You Prefer?
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