What are the pros and cons of living in a high rise?

Asked by Trulia Atlanta, Atlanta, GA Fri Dec 7, 2012

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5
William Pola…, Mortgage Broker Or Lender, Suwanee, GA
Sat Dec 8, 2012
The Pros: You poop on the bird, not the other way around. People down below look like little ants making you feel superior to them. You don't have to be medicated to feel like the building is swaying, because the building is swaying. Typically, condo's are in a great location and land is scarce. You'll always have a parking space. It's easier to meet people. You get to brag that you live in a condo. You don't have to mow the grass or paint the exterior walls. You don't have to clean the pool (most of the time).

Cons: Every time your dog wants to go outside, you have to go down stairs and outside hoping he/she can hold it that long. Every time you come home, you have to go up upteen flights to get to your unit. This is especially aggravating when you get to the car and realize you don't have the car key. If you drink too much, you may get lost because they all look the same. You can never reach that one stain on the window unless you're crazy enough to hang out the balcony and try. During violent storms, you'll wish you bought a house. Seriously though, the worst the thing about condo's is that if the association is running low on funds, the association can assess you for thousands of dollars to cover the requirement funds. If your neighbors start foreclosing, you'll have to pay their association dues because you share the cost of maintenance with them. You can be assured that in about 20 years, the value will come back. If Johnny forgets to turn off the oven, you'll find out the hard way (put important papers in a safety deposit box, not in your condo). You have no privacy especially if your packages are delivered to the concierge. You have to share the pool with other people.
1 vote
HRG Property…, Other Pro, Acworth, GA
Tue Dec 18, 2012
I definitely agree with most of what has been written here. I think you know if it will work for you or not.
0 votes
Joel Madden, Agent, ATLANTA, GA
Tue Dec 11, 2012
Pros - great views, usually decent amenities and an added sense of security.

Cons - taking 15 minutes to get from your car into your front door. Especially fun when you are carrying in groceries or trying to get a dog outside :)
0 votes
Lee Taylor, Agent, Decatur, GA
Sat Dec 8, 2012
This question is too subjective.

Generally speaking, the pros are all about a convenience and exclusivity thing.

Generally speaking, the cons are unique to each building.

However, if you consider life at the Metropolitan or the Landmark, versus the Ritz Carlton Residences or the W Residences, versus something like 1280 West or something all by itself like Somerset Heights in Decatur, then you have very different considerations, don't you?

Generally speaking, it's about lifestyle choice.
0 votes
Solomon Gree…, Agent, Duluth, GA
Sat Dec 8, 2012
Answers to this question can go in so many different directions. If you're discussing owning and occupying a unit of a high rise, there are a number of pros...

â—˜ Exterior and common area care is the HOA's responsibility
â—˜ Live where the action is (high quality of life), often with great city views
â—˜ Short commute time

Here a just a few cons...

â—˜ The owners must pay their HOA dues in order for the HOA to provide services (by the way, selling will be a challenge if the HOA dues delinquency rate exceed 15%)
â—˜ There's always the risk that nearby units will be purchased by investors who will rent to inconsiderate or otherwise undesirable tenants (by the way, selling will be a challenge if the owner-to-investor ratio exceeds a certain percentage)
â—˜ Lack of privacy may also be an issue as neighbors can determine when you're home (car in open garage or neighbors see when you come/leave).

Hope that helps

Solomon Greene
Associate Broker, Duluth Home REALTOR®, CDPE, Georgia-certified Affordable Housing Counselor
Keller Williams Realty Atlanta Partners
(678) 775-2677
0 votes
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