For decades, home ownership has been held up as the American Dream—but more and more people are discovering there are plenty of reasons to prefer condo and apartment living. The biggest may be a maintenance-free lifestyle!
Renting an apartment eliminates much of the responsibility and expense of routine home maintenance, such as yard work and home repairs as well as the larger costs that accompany home renovations. That means residents don’t have to shell out the money to repair leaky faucets or broken hot water tanks, they can just place a call to management and put in a maintenance work order.
Further, they don’t have to spend weekends planting flowers, laying mulch or mowing the lawn, —with a condo, landscaping is typically maintained by the homeowners association as well as exterior maintenance for siding, roofing and driveways.
The free weekends provided by a maintenance-free lifestyle are especially valuable in urban areas such as the Short North and Downtown Columbus, where residents can take full advantage of being close to the action. Many of the city’s best bars and restaurants are within walking distance of BORROR’s urban developments, as are art galleries, museums, sporting events and parks. Another bonus of living in a walkable neighborhood is relying less on cars and the expenses associated with them (think gasoline and routine auto repairs).
Those who choose to rent one of BORROR’s boutique apartment units enjoy further financial benefits, as well. They avoid paying property taxes, which fall to the landlord or developer. And while they’re responsible for rental insurance, the cost tends to be far less expensive than what owners pay for homeowner’s insurance.
Residents in BORROR’s Short North developments including Truberry on Summit, are able to take advantage of another great benefit—tax abatements. Thanks to tax abatements designed to encourage economic and residential development in the neighborhood, Short North condo owners pay tax on the value of the ground only, while the actual structure remains tax-free for 15 years.
Want to start exploring the perks of maintenance-free living? We’d love to help you find the urban condo or apartment that’s perfect for your needs!