Six Great Advantages of Investing in a Condo

Is the condo lifestyle right for you? Are you wondering if investing in a condo is the right move? Can you afford the budget? If you are pondering over these questions, read on. Yes, investing in your own condo can come with some great rewards. Condominiums are an attractive housing choice because they can often be more affordable than buying a home and afford you a low-maintenance lifestyle as well. Here are some of the other rewards of owning a condominium:

  1. Less upkeep. More freedom
    For many home owners, the upkeep in your house each month can feel like a burden. By contrast, condo living provides the luxury of significantly less maintenance. Homeowners will no longer have to spend their weekends shoveling the snow, mowing the lawn or pressure washing the driveway. You can definitely save time when you have fewer things and fewer rooms and use it to enrich your life instead. Thus, one of the biggest advantages for condominium owners is the freedom from maintaining your property.
  2. Flexible living at affordable rates
    Not only are condo prices much lesser than detached homes in the same city, condominiums can be an affordable alternative in the long run too. For anyone looking to downsize or first time homebuyers, the responsibilities and costs of amenities, common areas and the building upkeep, are shared with all other unit owners. Maintenance fees at condominiums are fixed for each month, so you can be assured knowing monthly and annual costs. Not only can you save time and money of time, when you own a condo, you only pay insurance for the inside of your home. So automatically, your condo insurance costs will always be less than the insurance needed for a house.
  3. Perfect location
    Most condominiums are located in central locations, which means they are in close proximity to grocery stores, shopping, restaurants and entertainment centres. When you invest in a condo, you are just steps away from boutiques, bistros, pubs and cafes, weekly farmers markets and a vibrant city life with year-round activities. Features like a central location, and proximity to major entertainment and business hubs makes condos an excellent choice for students, single professionals, families and retirees too.
  4. Appliances included
    First-time home buyers know that when they purchase a home, they often have to buy appliances like ovens, refrigerators, washers and dryers. In many cases, these appliances can be included in the sale, but the homeowner will have to update them in the future when they decide to sell the house. By contrast, most condos come pre-furnished with these and other appliances. In some Condos, the repair costs of appliances are also covered by the building maintenance, which can be a major advantage.
  5. Enhanced security
    The property’s security is a priority with condominiums and many include convenient well-lit underground garages. You can also be assured that Condominiums provide additional security to keep you safe including intercom and camera systems at vantage points. These days, each condominium is equipped with key-fob access at entry points of the building. The 24/7 security gives you peace of mind knowing that you and your family are safe and secure.
  6. Family-friendly living, an assured sense of community
    Living in close quarters with other people harbours a sense of community that is different than what you’d find in a typical neighbourhood. What’s more, you can also access a host of amenities like a gym, pool, community rooms and more. Most condominiums also have playgrounds, or basketball courts for children to play, included in their amenities.

As you can see, condominium living is more than just stepping into an address; it’s an opportunity to enjoy life at your own pace in the heart of the city. If you decide to move to your own condo, you will discover other advantages too.

If you’re looking for a convenient, comfortable, and residence you can call home, condominiums are a great choice. To learn more about various Condominium options across the GTA, and preferred rates and 1st access to may premium properties, get in touch with us today.