San Ramon Condos for Sale

San Ramon is a beautiful place to live, with its stunning views, pleasant weather, and excellent amenities. Located near San Francisco, San Ramon is known for its top-rated schools, healthcare, and scenery. If you’re looking to move to San Ramon, a variety of residential options are available. One of the most popular options for residence in San Ramon is condos.

What is a Condo?
A condo is a single-family home usually situated in a building shared by other residents. However, a condo is very different from an apartment. The main difference between a condo and an apartment is that you can own a condo. Some condos also have shared common areas with other residents, but this feature varies from building to building. The prices of condos in San Ramon range from $700,000 to $1,500,000, depending on the location of the building.

Living in a condo in San Ramon, CA, has several pros and cons. Lucky for you, we’ve researched so that you can make the best decision for your first or next home.

Pros of Condos

Single-Family Home

The first significant advantage of condos is that they are an excellent option for single-family homes. In San Ramon, there are fewer options for single-family homes downtown, so condos are the next best thing. They are fitted into the streetscapes of San Ramon, mixing with shops and other urban amenities.

Ownership

The second advantage is that a condo is like an apartment you own. Owning a condo is a solid alternative to renting a flat every month, especially if you intend to stay in San Ramon indefinitely. Having ownership of a condo can also benefit you in the long run. For example, you can build equity over time to avail of tax deductions on your mortgage interest later.

Affordable

The third benefit of living in a condo is that they are highly affordable. Compared to housing prices, the price of a condo is considerably lower. If you are a first-time homebuyer, a condo would be the best option in terms of finances. Moreover, buying a condo for a single family is more economical than an entire house. This affordability also comes with additional perks, such as access to a pool, a theater, and other amenities that most homeowners don’t necessarily have.

Maintenance

Maintaining an entire house can be very costly in and of itself. This maintenance could include anything from yard work to repairing faulty pipes. Such chores can get difficult if the house you’re living in is too big. Living in a condo, you will be saving on the cost of maintenance while also reducing the burden of upkeep. In a condo, you are only responsible for your own space, which is very convenient for busy individuals.

Location

Location is everything. When looking for a condo, you can choose where you live. Usually, condos are located in central areas with easy access to shops, entertainment, restaurants, parks, etc. This freedom of location is rarely granted to homeowners restricted to San Ramon’s suburbs. Therefore, if you value a residence that will give you greater freedom of mobility, a condo is the right choice for you.

Cons of Owning a Condo

Not Owning Land

The first major drawback of buying a condo is that you will need help to own the land it is built on. When you buy a house, you are automatically entitled to the land on which it is built. A condo is very different because you share the land with other condo residents. From the perspective of making a long-term investment, a condo may not be your best bet.

Following Community Rules

The second disadvantage of living in a condo is that you must abide by all the community rules. Usually, residents have to answer to a community board that decides on specific regulations that residents must follow, for example, allowing pets and visitors in the building. Because the resources are shared between residents, there usually needs more freedom to negotiate these rules.

Additional Cost for Maintenance

Another con of owning a condo is paying a maintenance fee at the end of every month. This fee is directed toward the repair and upkeep of the communal areas in the condo. Additional costs would also be for larger renovation projects or upgrades to the condo. This makes repairing an existing space quite expensive in the long run.

No Parking

If you own a car, you might have to rethink whether owning a condo is the best option. Usually, condos are in buildings that do not have parking spaces or storage for items you don’t necessarily want inside your apartment. Although some structures facilitate parking, one condo is not assigned more than one parking space. This could be a problem if you own more than one car and live with your family.

Conclusion

Despite these disadvantages, condos still come out on top as the better option for residence. Additional benefits of living in a condo include security provided by the community and other residents in your building. Aside from security, buying a condo is still more affordable than renting an apartment or a house. This is why homeowners are looking for condos instead of apartments and homes. A San Ramon condo would offer a dense suburban feel, close to highly-rated local restaurants, bars, cafes, coffee shops, shopping centers, and parks. It provides unlimited opportunities for entertainment which is an essential factor for many residents. San Ramon also has various options for condos, including Canyon Creek Apartments, County Brook Rental Condominiums, and Athena At Gale Ranch.

Speak to San Ramon Realtor

If you want to buy a condo in the San Ramon area, contact Rama Mehra and her talented team to help you pick the best place.