Advantages of owning a condo

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Advantages of owning a condo

  1. 1. Advantages of Owning aCondo
  2. 2. If youve decided it is time to venture out of your parents home or progressfrom renting to owning you have the choice of traditional residential homesor condominiums. Many men and women today are choosing to own acondo rather than a traditional home and we know why. Although no optionsage hill calgary is particularly better than the other, it really depends onwhat youre looking for out of your new home. If you are interested in theadvantages of owning a condo versus a residential home, continue reading!
  3. 3. First and foremost is the investment factor. There is a great deal of investmentpotential within the condominium market. This is because there are so manyprospective buyers in the market and because owners have the ability toupgrade and renovate their space as they see fit. As an owner this allowsyou the amazing potential to flip the condo if you so choose or simply whenthe time comes to move on you have the potential to sell your first condo ata much higher price than you bought it. You may be thinking that residentialhomes offer this opportunity as well, which is true, but the growth in thecondo market is what makes this investment a bit better than the traditionalreal estate investment.
  4. 4. The obvious benefits of living in a condo are the lack of chores you have. Whenyou live in a residential home you are responsible for roof repairs, plumbing,electrical, mowing the lawn, shoveling the sidewalk and so on. Of course itsimportant to mention here that you do pay what is known as a "condo fee" tohave all this general maintenance done but many people find the feereasonable and worth the lack of effort they have to put into care of thecomplex.
  5. 5. Condominium living offers a very unique form of relaxation that simply cant be found inresidential living. You have a pool at your disposal, exercise rooms, restaurants insome cases, spas and common rooms to name a few of the amenities. With no yardwork to consider or worry about and all these amenities at your fingertips relaxationbecomes a way of life instead of something you dream of achieving.As a condo owner, you no longer have to worry about lease agreements or landlord andtenants relationships. You own the unit and you are free to stay for as long as you likeand you can have people move in with you without question and you really have noone to answer to which is the major difference between owning and renting. This alsolends itself to your neighbors. Knowing they too own their units means you have theability to make long term friends. When you are only renting people come and go sofast sometimes it is hard to even remember them all!
  6. 6. Condominium living offers a very unique form of relaxation that simply cant be found inresidential living. You have a pool at your disposal, exercise rooms, restaurants insome cases, spas and common rooms to name a few of the amenities. With no yardwork to consider or worry about and all these amenities at your fingertips relaxationbecomes a way of life instead of something you dream of achieving.As a condo owner, you no longer have to worry about lease agreements or landlord andtenants relationships. You own the unit and you are free to stay for as long as you likeand you can have people move in with you without question and you really have noone to answer to which is the major difference between owning and renting. This alsolends itself to your neighbors. Knowing they too own their units means you have theability to make long term friends. When you are only renting people come and go sofast sometimes it is hard to even remember them all!

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