Category: Condo

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Reasons on Getting a Condo

Condo

Nowadays people in the real industry market are looking for condos, compared to buying a house or renting an apartment for them to stay. But with condo prices that can cost you the same as buying a home, should you get a condo? Here we have listed several reasons on why you should get a condo, instead of buying a house or renting an apartment, make sure to read this article to find out more about getting a condominium.

No more annoying household chores

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If you’re a person, who hates mowing the lawn, re-painting the house, pulling weeds or even sweeping the dead leaves, then getting a condo is perfect for you. Condos are also made for those who want a simple and minimalistic lifestyle, as they are too practical for people who are to busy to take care of the house.

Amenities that you can use

Another benefit of getting a condo is that you’re getting more than just a place to stay, you’re getting the facilities that they’re offering, such as gaining access to a gym, pool and more. The best part of these amenities is that you don’t have to maintain them, as they already have someone else to take care of it.

Tip: if you own more than one vehicle, the condo can provide you a parking space with more fees to pay, so make sure you take note of this.

Condo is an investment

Some people might think that buying a condo is a hassle, as you only get a condo, but it’s the perfect investment. Renting an apartment is nothing but you helping your landlord buying another piece of property while getting a condo is ideal for those who don’t want to take care of a home like a house, while also still getting the facilities that an apartment can provide.

There’s a community in a condo

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Know one thing that when you buy a condo, that means you’re buying community, and in a community means a new group of friends. By meeting new people there’s a lot of new experience, and who knows if you can meet a new business client, partners or maybe your spouse? No one knows.

Here we have listed some reasons on why you should get a condo, although a condo is not for everyone, we hope that by reading this article you can take it into consideration before buying a new place for you to stay.

 

Reference:

http://the1yongecondos.com/

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Factors Considered When Purchasing a Condo in Canada

Condo

There is no doubt that the real estate market in Canada is booming. This is the main reason why more condominium towers are being built in different cities such as Toronto. The price of houses is rising every year. Owning a condo is one of the worthy investments that you can make. This article is going to discuss some of the important things that you need to know before purchasing a condo.

Its location

Picking the right location is very important. Knowing the neighbourhoods of the city can help you in choosing a suitable location. The area where the condo is located will always have a direct impact on the cost. Lifestyle implications should also be considered. Get to know how far is the place is from the markets, stores and transit options. Does the area have schools?condos

Knowing the residents

Once you have considered the surrounding neighbourhood, it is imperative to know your immediate neighbours. Of course, condos are known for being appealing to the young buyers who are venturing into the real estate or housing market. There is a large market for these structures throughout the city. Apart from the sense of comfort and ease, the potential resale value of a property is also influenced by the resident demographics.

 

Condo fees

Apart from the occupancy fees, condo owners are also expected to pay the monthly fees associated with condo buildings as well as its service and maintenance. It is important to know how these charges are calculated or determined. Also, get to know the operating costs and services that have been included.

Some of the maintenance costs incurred include the upkeep of facilities such as party-rooms, cleaning, garden, swimming pools, and fitness as well as concierge services. Some of these costs might end up increasing the cost of the condo in the coming years. It is also important to inquire whether the utility will be included in the fees.

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Insurance and repairs

In the modern days, people are getting concerned about the sustainability and quality of the condo towers which are mushrooming in the different cities in Canada. Some of them are mainly made of glass, and they have floor-to-ceiling windows. It is imperative to know whether the maintenance and repair of these units are supposed to be done by the condo corporation or by the buyer. Knowing about the standard insurance cover for the corporation is also important.

 

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