The condo is getting huge popularity and there are a lot of people who are getting attracted to this idea. Condos are great in many aspects. It is also better than a house. There are basically two types of condominiums. These are the freehold condo and the leasehold condo. Each of the condos has their own shares of positive and negative. So, we have decided to provide you with the reasons to choose a freehold condominium over another condominium.
Make changes as you like
In freehold The Tapestry condo, the land is fully yours. You are the one to control the land. You can make any changes which you feel like. You can also let the land for lease as well. You can build swimming pools, gym, community center and any extra circular resources that you feel like. You can change the entire structure depending upon your choice. Whereas in case of leasehold condo, these all would have not been possible.
No rules to follow
If you chose a leased condo, you are under the supervision of the owner. You will not get the freedom that you wish. These are all possible in freehold condominium. You are the one who makes the rules and you can modify the rules as per your choice. There is no one to control you. You are not answerable to anyone as it is your land and you could do anything with it.
You are independent
In a freehold condominium, you can put forward your ideas regarding your land. You are fully independent and you are no longer dependent on anyone. You can do the planning by yourself and you will also get your share of privacy. This is far better than another condominium like the leasehold condominium. Whereas in leasehold condominium, you are not free to put ahead of your plans. There are various factors which come into play.
There is no ownership failure in freehold condominium. Moreover, the deflation of land would also act as an asset in the future. If you are in need of money in the future, you can sell off your land for monetary assistance.