Author: Walter8iJ0XY2u8

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Why You Should Live in A Condo

Nowadays housing options are limited to buying a house or a condo, you might be thinking to rent, but in the long run, it is much better to buy a house or a condo. Buying a home has its benefits but so do a condo, and if you’re thinking to buy a condo, then you’ve come to the right article. In this post, we’re going to list some reasons on why you should live in a condo, make sure to check this article to find out more about it.

Convenient location

Most of the time condo has a strategic address, hence why they’re usually more expensive. Although the address might affect the prices, condos are placed in the center of the town, thus the easy access to hospitals, schools, supermarket and many more. If you want a strategic location, look no further than getting a condo. Some condos are also placed near to many offices, which is perfect in case you don’t want to commute for a long time.

bucketLittle maintenance

If you hate taking care of household chores, such as cleaning, gardening, painting and many more, then it is a good reason to get a condo compared to getting a house. Condo requires the least maintenance compared to a house, as they are small in space and not to mention you don’t have to clean a pool if you have one that is.
The only drawback of having a condo is paying a maintenance fee every month, but it’s worth on the amenities that you’re getting.

Amenities

If you’re an active person and you want to get a gym membership, then a condo might be the best option as you’re getting a place to stay while having a permanent gym membership. Besides gym, Condo also offers other amenities as well, such as a parking spot (limited to one or two vehicles) And a co-working space that you can use for work or social events. They’re listed into your maintenance fee which will spare you the hassle of paying it one by one.

guardSecurity

We can have fences in our houses, but that doesn’t spare a burglar to barge into your house during the night. Getting a condo is one of the best options for your security as nowadays a condo might require one to have more than just a key, such as a passcode or a special card to get into the building itself, and not to mention a security guard is always around in the condo itself.

Condominiums

Canada Condominium Living: An Ultimate Guide for Starters

Canada is one of the countries in the world that has embraced the use of condominiums as a sustainable housing solution in towns like Toronto. Undoubtedly, this plan is working well to ease the housing tension as more people move to urban areas.

Further, it is a way to provide less costly housing solutions to young people who want to buy their first house. The condos provide an all-new way of living where most of the amenities are shared among all people living there. You can read more about this project here for more information. So, if you are a starter in this kind of living, here is a guide for you.

Amenities differ

condosDifferent condos have amenities depending on what developers decided to offer. However, it is common to find units with air conditioners, large kitchen cabinets, modern showers, a shared swimming pool or and many others. While picking your first condo whether to purchase or lease, do take time to compare and select one with amenities that suit your needs. You will be surprised that more options are numerous.

Condos have policies

Just like most housing plans like gated communities and estate living, condos have policies that all owners of the units need to follow. Again, these differ from one condo to another. While some will allow you to bring your pet, others may restrict or have strict guidelines on how to keep one.

Before committing to buy, you need to understand such policies, especially those that touch on security, garbage collection and use of common amenities. While looking for a condo in Canada, you will be surprised that most have friendly housing policies.

Common amenities are accessible by all

As long as you have bought a condo unit in Canada or leased one, you are free to use the provided common amenities. Most condos will have a swimming pool, a health center, shopping areas and kids playing facilities.

Such areas have guidelines to ensure free and fair use by all people living in the condo. It is essential that you make use of them since you have a right. Some like the health club may charge subsidized rates for services offered, especially if there is an instructor.

Most Condos have a service charge

Probably, you chose a certain condo because it is well maintained, clean and organized. Most of such condos do have companies that provide services and charge the management. To maintain such standards, the owners are asked to pay service charge either on a monthly basis or annually. Be sure to check what your new condo is charging and adhere. Such a contribution goes a long way to see that you live in a clean and organized condo.

Some condos offer furnished apartments

Are you looking for a condo to lease for a short while? Probably, you are in Canada for a temporary job or business. The country has numerous furnished condos, and all you need to bring is personal belongings. They offer cleaning and other services, but you have to request the frequency of such services through the management. Now you know how most condos operate.

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Reasons Why People Rent and Not Buy Condos

When it comes to ownership of condos, it might be through buying or renting. However, when we look at the buying of condos and the renting of condos, each option has advantages and disadvantages. Some of the disadvantages of renting condos include less control over the paint color choices, less control over the fixture, strict policies affecting the pets, and rent hikes. Renting the condos also has various advantages like greater flexibility hence an individual can manage better his finances. The article looks at various reasons why people rent and not buy condos.

Yard work

yardwork When you rent an apartment, you do not have to worry about the yard work because the property is usually maintained by the landlord. The overgrown grass, thick bushes, and the hanging branches are usually maintained by the caretaker who is typically employed by the landlord. You can also take advantage of the yard and plant vegetables that you like the kales in the potted garden.

Walkable area

Purchasing a house in an urban area is never easy because of the high costs that are associated with obtaining one. However, renting is the better choice as compared to buying since many people can afford the rent. Also, by renting an apartment, you will live next to neighbors from different cultures which could help you appreciate and learn the other cultures.

Paid for home improvement

Landlords are typically strict when it comes to home improvements. Usually, before you alter any design or space in a rented house, you ought to inform the landlord. However, we have landlords who are open to improvements that are done to their premises by the landlords. You could be repaid by the landlord or have a substantial amount reduced from your rent when you refinish the floors and install new faucets or fixtures. You are likely to customize it to the way you deem best at low rates,

More free time

free time

Owning a house require frequent inspection and maintenance. By renting a house, it means you will have freed yourself from the inspection of the property on a regular basis and repairing the broken fixtures. This will be the role of the landlord which means that you will have free time to be involved in other issues. Watch the video below which explains why condos are good investments.

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Reasons Why People Buy Houses

Shelter is one of the fundamental human needs, Every human being needs a place where they can rest, sleep, and eat. People who do not have shelters are usually referred to as homeless. In Canada, many people are coming forth to buy houses. This leads us to our main question: why do people purchase houses. This article looks at the various reasons as to why people purchase houses.

Provide shelter for their families

shelterAs we had earlier stated; shelter is one of the fundamental needs of human being. Parents are required to provide for their children. Some of the expectations that parents are expected to give include love, care, food, shelter, and medical assistance whenever a member of the family is sick.

Many people buy houses so that they can provide shelter for their families. In fact, in most cases, the family house is passed from one generation to another.

Cost-effective

Another reason that makes people buy houses is that it is cost-effective in the long run. As compared to living in a leased or rental house, buying a house is far much cost-effective than paying rent.

Many people pay rent for many years only to end up without a house by the time they are retiring. However, buying your house will help you save substantially and in the long run, you can either lease it or leave it to your next of kin.

Investment purposes

We also have people who buy houses for investment purposes. There are specific scenarios whereby some houses are usually put up for sale on the cheap. These might be houses that have been reposed by the banks as a result of not paying the loan arrears. We have investors who have always seized the opportunity and decided to buy such homes and later resale at a higher price or rent them out.

Business purposes

businessLastly, people buy houses for business purposes. Toronto receives millions of local and foreign tourists every year. Whenever the tourists visit a place, especially the foreign ones, they will need a place to stay during their vacation.

There are people who buy houses and convert them m to villas for such tourists. The video below oulines various reasons why you should buy a home: