For many people purchasing a home means purchasing a house. However, the allure of condo living is beginning to grow on people looking for a more carefree lifestyle. Here are some of the main benefits of condo living:
Low Maintenance
Let’s face it, Canadian winters are brutal. You spend more time shoveling snow than you do warming by the fire. And let’s not forget the summer. You will be mowing, weeding and trimming in an endless cycle. There are also maintenance issues such as peeling paint, leaky roofs and poor insulation. Condo living takes care of all of these property related issues for you so you can spend more down time relaxing.
Less Monthly Fees
Although there are rumours there might be some changes to what maintenance fees cover, in general they actually do work to lessen your monthly bills. In most cases, your utilities are covered which includes water, heat, gas and electricity. Most maintenance fees make it easier come bill time as it is like paying one low monthly fee. When you own a house you are faced with a pile of bills that really add up each month.
Gorgeous Layouts
Condos have been designed with comfortable living in mind. In newer units you will find high end finishes, top notch appliances and well thought our layouts. They also have hardwood floors, excellent insulation and sound proofing. Many people are under the impression they cannot decorate and make changes to their condos. However, you can customize your unit in the same way you customize a house. If you buy a new condo you can also arrange for upgrades while the condo is under construction.
Amenities
Condo living provides you amenities similar to a hotel. You will have access to a pool without having to worry about the cost of heating it or cleaning it. Many condos also have a full gym which means no more gym membership fees. You can pop down whenever you want which is perfect in the cold of winter. Many condos also have lovely rooftop patios, common lounges for parties and even yoga rooms.
Lifestyle
Condo living is all about ease. You never have the worries associated with owning a house. The property is completely cared for by property management. You are living in a home with all the amenities of a hotel with a luxurious private suite that you decorate to suit your personal taste.
Security
Condos usually have some form of security. Many have a concierge/security guard on duty at the front desk in the lobby. Parking and common areas are well lit with special security access.
Excellent Downsizing Option
Many empty nesters and even smaller families are looking for a downsizing option. Condos are the perfect way to live in a smaller home with less worry and financial burdens. Condo living is ideal for almost everyone as it suits singles, small families, young couples and retirees. They are also ideal for people with mobility issues because there aren’t any stairs.
Balconies
Many condos also offer an outside space. Some have full size patios whereas others have charming balconies. You will have a little outdoor space that requires zero maintenance. You can add seating and planters and create an oasis without the chores of mowing a lawn and weeding. If you don’t have a private balcony many condos have a common area such as a rooftop patio or garden area off the main floor.
Condo living offers the financial benefits of property ownership, without any of the headaches of owning a house.
