There are so many good things that can come from Executive condominiums. There are also so many facilities that can be enjoyed and this is one of the reasons as to why they are considered to be luxurious establishments. Choosing an Executive condominium comes with its own prestige and class and with so many of them being set up, housing has been taken to a whole new level.
One of the facilities that unit owners at Executive condominiums can enjoy is the car park. Car parks can be built in different ways. They can be underground or multi-storey. An underground car park is a much better choice. This is because you will be able to park in an area that is near to your block and you will also have shelter until you get to your housing unit. It is also a faster choice as you will not need to go round in circles as is the case with the multi-storey parks if you are ever late to come home.
When staying at an Executive condominium, you will have lots of facilities at your disposal. Even though most of the facilities are communal, it is still a great thing to have them whenever you need them. One of the most common features of an Executive condominium is that it comes with a swimming pool. In many cases, the pool is a large area that has sun loungers where people can interact and enjoy some sun.
For the sake of physical wellness, most developers include a gym in their establishments. This usually comes fully equipped so as to make it easier for the residents of such establishments to take advantage of the gym and actually work out at their own pleasure.
BBQ pits are also common facilities and they aid a great deal with interactions with your neighbors. A personal parking slot is also made available for all the residents, which means that there will be no scrambling for few parking slots. This makes it so convenient for the Executive condominium residents.
The other amazing facility is security. There is always a security team working around the clock so as to protect the residents from any unwelcome persons. What you will note is that most of the Executive condominiums will impose a monthly fee for maintenance. It is usually charged on a monthly basis. When you think of it, it is totally worth your while.
An option is the contract that gives you, the owner, a right, not an obligation, to sell or buy an underlying asset. This gives one the option to purchase the Executive condominium in question. This is set at a small percentage of the unit sale price. This right is never transferable. There is no way one can sell an option to anyone else in the open market. The agreement is sent to you through mail and in a period of 3 weeks, you can decide whether you exercise the option or not.