Thinking of buying a condo?
Condominiums are great places to call home, for the right person. Condos eliminate all the maintenance that comes with owning a home through the payment of condo fees. Rather than having to worry about mowing a lawn, shoveling snow or getting trash out to the curb, you simply get to go about your day and let someone else take care of it. On top of this, condos for salw are often in very convenient locations, and available at a much lower price than single-family homes.
Is there a downside?
That depends on your definition. Most condos are run by management companies and governed by Condo Boards. These boards enforce a list of bylaws that dictate everything from what you can and can’t have on your balcony, to whether or not you can have a pet in the building. While many feels these boards can be overly restrictive, the truth is when you share ventilation systems, walls and hallways with your neighbours, you have to respect the close quarters. Looking at condos for sale in your area can present a great opportunity for first-time buyers, and those looking to invest.
Condos are also great for those looking to downsize. Empty nesters often enjoy the low-maintenance lifestyle, and the smaller living space to take care of. One of the benefits of condos for sale is that they are available in a wide range of floor plans. You can still have a three bedroom condo, giving you space for an office and a guest room, or a home gym or even a craft room. The point is, you can down scale your responsibilities, without giving up space or your lifestyle.
Whatever your reasons for looking at condos for sale, they are often a smart buy. Even if you decide that condo-life isn’t for you, they make great rental properties and real estate assets.

Posted by Gurpreet Ghatehora on


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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on May 27th, 2022 at 12:28am CDT.