Simplicity. Freedom. Security. Peace of mind.
Those are just some of the words that describe condo living and the many benefits it provides. Condos are a great option for people in any stage of life. From a first time homeowner starting out on their own to a retiring couple wanting to simplify.
Here are 5 great points to consider when looking at buying a condo.
1. Maintenance and convenience:
Imagine not having to mow the lawn in +40˚ or shovel the snow in -40˚ weather! It sounds like a dream to most Calgarians. Many condos hire outside companies to do yard and building maintenance year round. Condos charge a monthly fee to cover these expenses as well as setting some aside for a reserve fund to take care of future repairs or upgrades on the units or whole building.
2. Luxury amenities:
Condos are typically priced much lower than a single family home. With the savings on the purchase price, you can splurge a little more on the interior upgrades. As well, many units offer shared facilities like gym/workout spaces, swimming pools, and event rooms for gatherings.
Larger condo units will provide security, underground parking and other security measures. Many units will have a buzzer service to let guests into the building, giving you that extra peace of mind of feeling safe in your own home.
4. Lower property taxes and utilities:
Living in a smaller space will cost less! The property taxes will be lower than a single family home and in some cases, some utilities are paid out of your monthly condo fees. This gives more available income and boost your financial situation.
Condos are a more affordable option for those wanting to live closer to the inner city and other premium spots. Single family homes in these same areas will be vastly more expensive and unattainable for most people. Owning a condo in the heart of the city gives you access to a wealth of great restaurants, shopping, parks, public transit and work.