Holmby Hills is an affluent neighborhood in Los Angeles, California, home of some of the most famous celebrities like ex. Michael Jackson and Aaron Spelling with beautiful luxury houses and condos offering stunning views and plenty of exciting things to do. If you are looking for a luxurious lifestyle, owning a house in this area is your best bet. However, along with that, you still have another important decision to make – should you buy a house or condo in Holmby Hills?
Both house or condo homeownership in Holmby Hills zip code comes with advantages and disadvantages. Let’s have a look at what both ownerships have to offer:
Buying a Condo
Holmby Hills has plenty of luxury condos, which come with a range of amenities and facilities, depending on the cost. However, condos provide their owners with certain perks that they can’t enjoy through house ownership:
#1 Maintenance and Repairs
One of the major advantages of condo ownership is that you are not responsible for the repair and maintenance of the exterior. You won’t have to deal with the tedious task of mowing lawns, shoveling snow, or painting the walls when living in a condo. While you will have to pay a certain amount of maintenance fee, the condo association takes care of all these tasks.
#2 Closer to Commercial Areas
Typically, condo buildings are located near a commercial area, meaning you will have easy access to markets, grocery stores, malls, transportation, and entertainment activities. You can simply walk to a nearby shop for a quick grocery shopping trip.
#3 Plenty of Amenities
Luxury condo buildings in Holmby Hills offer numerous shared amenities and facilities for the residents. Typically, these buildings include swimming pools, fitness centers, parks and jogging trails. Some even offer more luxuries like a spa center, mini golf course and more. You can enjoy all of that without leaving your building!
You even get a chance to interact and befriend more people when living in a condo.
Buying a House in Holmby Hills CA
Owning a Holmby Hills mansion also offers a variety of perks:
#1 Bigger Space
A house is usually bigger than a condo, with a back or front yard, or even both. All this space gives you more freedom to utilize that land in whatever way you want. You can either extend your house; add a swing set for the kids, or more.
It has sufficient space for a growing family. You also have one or two rooms to accommodate guests comfortably.
#2 More Privacy and Freedom
Living in a condo means you don’t have sufficient privacy since there are other people living on the same floor as you. A house gives you more privacy and freedom to do whatever you want with the extra space. You can easily interact with your neighbors while also having adequate privacy.
#3 Easier to Sell
Houses are much easier and quicker to sell as compared to condos. A house with distinctive features, unlike the uniform appearance of condos, makes it more attractive to potential buyers. If you plan to make some renovations in the house, then you can easily sell it for a good profit when you decide to move in the future.
House or Condo: Which one is best for you?
Deciding between a house or condo ownership can be a difficult decision to make. However, the right decision depends on your lifestyle and future plans. If you want to move to a different area for a better job or are not planning to start a family in the near future, then a condo might be a better choice.
However, if you already have a great job and have a family or planning to start one, then settling in a luxury house would be the way to go. Moreover, your budget will also help you to determine what you can afford. Luxury houses are generally more expensive than luxury condos.
Therefore, highlight your priorities and then you will know which option is the best one for you.
Getting help from an expert on in Holmby Hills luxury real estate can further ease your confusion and help you decide. If you are looking for a luxury condo or a house to buy, then get in touch with Pezzini Luxury Homes. We can help you determine which option is good for you and find the right house or condo as per your needs and requirements. Dial 1-310-275-2076, and contact us today!