Overview of Phoenix
Condos are a popular rental property type in many
metro areas, including Phoenix.
Modern condo towers equipped with state-of-the-art appliances appeal to young
professionals in the area while other condo complexes in surrounding areas
may more closely resemble a resort in terms of the recreational amenities
offered and manicured landscaping. Some condos listed for rent also come with
an option to purchase the condo at some point specified in the rental
rentals can be a positive stepping stone for people looking to transition
from renting to owning. Condo rental properties come with many more amenities
than a typical apartment complex but nearly none of the headaches of
homeownership. Renting a condo allows a tenant to enjoy the benefits of a
large, well-maintained property by paying a slightly higher rent or resident
association fee (also known as a homeowners association or HOA) without
having to go through the process of purchasing the property and incurring the
expense of keeping it up.
Why Rent a Condo?
Like many decisions, choosing to rent a condo has
a lot to do with weighing your options and priorities. Choosing a condo
rental also requires a reevaluation of your budget. For example, total up
your current rent, utilities, gym membership, parking fees, laundry expenses;
additionally consider how satisfied you are with your current square footage.
Then, after searching for condo rental listings online, compare your current
costs to the cost of renting a condo with an HOA fee in a complex that
includes an on-site gym, laundry, pool, tennis court or recreation room, spa,
security system, and garage, and consider the amount of space you can get for
that rent. By comparing these numbers and benefits, you can determine whether
renting a condo could be right for you.