Buying a condo can be a great alternative to buying a single family home. Condos are cheaper for one thing, and they relieve you of the maintenance issues that you will have to deal with you buy a single family home. Read on to learn more about condos for sale Edmonton and why you should consider buying one.
If you are on a budget but you still want to buy a house, then you will want to consider a condo. Condos are much cheaper for the same amount of square footage so your money will go a lot further when you buy a condo. Buying a condo can also be a good idea if you hate all the maintenance that goes along with owning a single family home.
You won’t have to spend hours mowing the grass and dealing with painting and fixing wobbly fences when you live in a condo. The homeowners association takes care of all the maintenance which frees you up to do more of what you want to do. Condos also have other perks, like common areas that often contain gyms, pools, rec rooms or other amenities. You will have a place to park your car and you might even have a doorman.
The trade off with not having to do maintenance is that you are going to have to pay a homeowners association fee. Make sure that you do your homework and do some research on the different fees that the different condo complexes charge. The fees can get quite expensive, and this fee is on top of what you are paying for your mortgage, so you need to research it carefully. You will have to pay this fee even after you pay off the mortgage, so make sure you know what you are getting into.
Condos can also be harder to sell than single family homes and you aren’t going to have the same amount of privacy that you are going to have with a single family home. You will be sharing a wall with your neighbor and you can often hear what people are doing around you. If you are willing to trade privacy for a substantial savings, then condos for sale Edmonton are a good choice for your home. Condos are affordable and they are an investment that is going to continue to grow as time goes on.