Lee Morof's Real Estate Blog

If you’re in the market for Southeast Michigan real estate and you’re looking for a new condominium, you may have run across “high rise” and been unfamiliar with the term.  Here is a brief explanation of what high rise condominiums are, as well as a few pros and cons for living in one.

What is a High Rise Condominium?
As you may have guessed from the name, a high rise condominium is a tall building with several stories, usually five or more, with a necessary elevator.  Typically, high rise condos are all about luxury.  As you might imagine, they boast a variety of amenities which may include a doorman, concierge service, pool or sauna.  Some even offer a 24-hour valet, wine cellar or rooftop clubroom. 

Pros and Cons of a High Rise Condominium
People choose to live in high rise condos for many reasons, and there are just as many reasons why they don’t.  Whether something is a pro or a con all depends on the person looking.

1. Amenities – This is one of the biggest reasons people choose high-rise condominiums.  Who doesn’t like to jump in a pool, move to the sauna and then go to the clubroom?
2. No or low maintenance – Exterior maintenance will be taken care of by the building association.  You may be responsible for some or all of your interior maintenance.  Be sure you get this information in writing and read it thoroughly before purchasing.
3. Quiet – This could be a pro or con.  Some buildings have “quiet periods,” from early evening until early morning.  If you like to listen to loud music or have a home theater system that you like to listen to at full volume, this could be an issue.
4. Pet Free – Most buildings are either pet-free or have size restrictions, and don’t allow exotic pets.  This could be a problem if you own a 20-foot python or a Great Dane.
5. HOA Dues – You will have to pay membership dues for the Homeowners’ Association.  The dues range from building to building; dues depend on the amenities offered, the number of people in the building and how old it is, to name a few.

If you are thinking of purchasing Southeast Michigan real estate, do you think a high rise condominium is right for you?   If you’re looking for luxurious, relaxed living, a high rise condo may be exactly what you need.

Whether you want a condominium or a single family home, as an experienced real estate broker and lawyer who knows the area well, I can help.  Give me a call today at 248-514-2640 or email me at info@NorthWoodwardHomes.com so we can get started!

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  248-514-2640