Condos are becoming exceedingly popular nowadays because more and more people are realizing the benefits of owning one. For one thing, a condo is more practical than a house, especially if you live in a global city like Toronto.
Houses are usually found in the suburbs which are several minutes away from all the conveniences the city has to offer, whereas condos are usually located right in the thick of it all, which means that shops, bars, restaurants, etc., are only just a few steps away from your front door.
If you’re not yet convinced, here are four more reasons why you should buy a condo:
Most, if not all, condos these days offer a number of amenities that condo owners can enjoy. These include swimming pools, fitness gyms, tennis courts, spa facilities, playgrounds, dog runs, clubhouses, security services--the list is positively endless. These kinds of amenities are not something a typical homeowner can afford to have--except, of course, if you’re a multi-millionaire.
For the rest of us who don’t have extra cash lying around to spend on our personal tennis court at home, a condo offers a great way to savor these facilities without making us feel the need to rob a bank anytime soon.
House owners would know that the upkeep needed to maintain a house for years can be prohibitively expensive, not to mention exhausting and time-consuming. With condos, however, the management takes care of all your maintenance needs with monthly pest control services, regular testing of safety equipment, gardening services, cleaning of common areas, etc.
All you need to do is pay your monthly association dues then you can sit back and let the management do the rest for you.
Living with a lot of people in close proximity with you can make for lasting bonds and great friendships--if you are open to it. If you’re a social person, you’ll get the chance to interact with your neighbors whether you’re walking in the hallway, waiting in the elevator, or just lounging around in the common areas.
Unlike a house, condos don’t have lawns and gates to separate you from your neighbors, which can be a good recipe for building a community.
Condos are typically more affordable than a house, even if you factor in the rise of condo prices in Toronto in recent years. This is because condos are usually smaller in size and thus, have smaller monthly fees as well. Maintenance fees are also lower because you get to share them with all the other owners in your building, whereas maintenance fees for a house you own will be shouldered by nobody else but you.
These are just some of the reasons why we think buying a condo makes more sense than buying a house.
Whether you’re a bachelor or a bachelorette reveling in your singlehood, or someone with kids, dogs, and the whole package that constitutes a family, getting a condo is a decision that you will be glad you have made the moment you step inside your brand new home.