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The Pros and Cons of Condo Living in Athens

Condo living definitely has undeniable advantages. That’s why condos are so popular now, especially among aging Baby Boomers. On the flip side, though, there are some drawbacks to condo living. So you have to carefully consider your needs and your lifestyle before making a decision. With that in mind, here are some pros and cons of condo living in Athens.

Pros of Condo Living in Athens


One of the most popular pros of condo living is the fact that you don’t have to take care of the maintenance – it’s all done for you. If you live in a condo, you won’t have to mow or fix the roof or paint the exterior. This is an advantage for people who are in poor health, are getting up in years, or simply don’t want to be bothered with all that.


Another pro of condo living in Athens is the security and safety it affords. In most cases, condo communities have gated or locked entries and sometimes even doorkeepers and resident security professionals. In addition, the simple fact of living in close proximity to other people increases the security factor.


Condo living also means plenty of amenities to make that life both fun and interesting. Condo communities typically offer pools, game nights and other social activities, gyms, and more.


Although condos have historically not appreciated at the rate of single-family homes, that is now changing. Today, condos are a better investment when it comes to appreciation. Between 2012 and 2017, condo values rose 38.4% while the value increase for single-family homes was 27.9%.

Cons of Condo Living in Athens


Perhaps the most important con of condo living in Athens for most people is the homeowners association (HOA) fees they will have to pay. All the amenities and the maintenance and upkeep you don’t have to do yourself have to be paid for somehow. HOA fees vary according to location and what they cover, but on average these fees run about $300+ per month.


A related issue concerning condo living is that there exists a potential for mismanagement of funds, especially those HOA fees. Typically, HOAs have two kinds of accounts: an operating account for regular maintenance and a reserve account for long-term or major projects such as parking lot resurfacing. The problem, though, is that these funds may not be used by those in charge of them to do the jobs they are intended for.


Another con of condo living is the inherent lack of privacy because it is so much like apartment living, with lots of people living close by or separated from you only by a wall. This means that you often hear everything your neighbors are doing, and they can hear everything going on inside your home.


If you ever decide to sell your condo, you may find it fairly difficult, more difficult than selling a single family home. The factors that make a condo difficult to sell include:

  • Most people with children don’t want a condo.
  • The HOA fees can scare people away.
  • Lenders may not approve a mortgage if the association isn’t financially healthy.


Condo living also means that you will be restricted and constrained by the many association rules. You probably can’t install a solar panel on the roof, and you may not be able to have pets.

Ask Your Agent

So is condo living in Athens right for you? The answer depends, of course, on what you want and what you won’t put up with. Your local agent can be a wealth of information in trying to make this decision.

To find out how we can help you learn more about condo living, contact us today! 706-426-1082

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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