Why Live in a Condo?
That's a good question. Condos can be confusing, but they don't have to be! Condos can be great for anyone looking to downsize from their previous home, as condos provide you with enough space without any additional responsibilities that come with owning a house. If the condo corporation is well kept (which all of these are), you can expect snow removal, grass and other greenery being well-trimmed, garbage removal, and any maintenance needed to your suite or building being done by the larger condo corporation. There is a fee attached to this, of course, but it's not very high and includes everything mentioned above and all the amenities provided by your condo like pools, fitness centers, outside area, lounges, the list goes on. Overall, if your downsizing, a condo should be number one on your list. But they're not just for older couples with no more birds in the nest; young adults who are looking to jump into the market should be looking to condos as well. On average, condos tend to be much cheaper than most single-family homes in the same area and have twice the amenities. That alone should put condos on your list because with the current housing market being what it is, it can be difficult for a young professional to start a family or find a decent home at a good price. And if you are launching your career, you won't have time to worry about new shingles, windows, mowing the lawn, fixing leaky pipes, etc. With a condo, you don't have to! The Condo corporation does all maintenance to the property; all you have to worry about is enjoying your new home and climbing the ladder to success. Overall, condos come with the freedom of owning property that is yours, all the joys that come with that, without most of the responsibilities that go with it. Now, of course, owning a condo isn't exactly like owning a house. Condos do come with rules and regulations that govern the building(s). Those can include rules on pets, paint colours, renovations/repairs and even what colour blinds you are allowed to have. Most aren't that strict, and doing your research on the specific rules is a good idea to make sure they're a good fit for you. So if you prefer to have absolute complete autonomy over your home, perhaps a condo isn't for you, but if you are willing to sacrifice a few small things to get the more considerable benefits of a condo, consider any of the 20 we have listed below.