BUY A CONDO OR A HOUSE? THAT IS THE QUESTION

In recent years, condos have been gaining popularity in everywhere. Old apartments in neighborhoods undergoing revitalization are being renovated and sold as condominiums. New buildings are springing up everywhere, ranging from buildings with only a few units to towers housing several hundred condos.

Their urban context, accessibility to services, their price and the low level of responsibility they offer are undoubtedly factors that contribute to the popularity of condos. But living in a condo has many other implications, which make it a particular way of life and very different from that of living in a house. Some people feel like fish in water, while many others have a hard time adjusting to it.

If you’re thinking of becoming a homeowner for the first time and wondering what type of home is right for you, whether you’re thinking of swapping your house for a condo or simply reinventing your life by changing homes, take the time to read carefully. Below to learn more about Calgary condo sales what makes condo living in a different from living in a house? You’ll learn a lot about the different implications of each of these living arrangements, and be able to make a more conscious choice that you won’t regret.

Condos Sold at a Loss Lately, an Opportunity for you

You may have heard that one in three condos sold in the last year were sold at a loss of 1. This fact can make you fear buying a condo. Personally, being able to buy a condo at the same price or even cheaper than a few years ago. I see it more as an opportunity.

Besides, I have a friend who just bought a fully furnished condo at a ridiculously low price. Obviously, the fact that sellers are currently unable to resell their condos has greatly helped to lower the purchase price.

At the same time, if the trend continues, it can be dangerous. You don’t want to buy a condo today and have to sell it for the same price or even less in 5 years. I prefer not to comment on what will happen to the divided co-ownership market in 5 years. However, I have the impression that currently there are good deals to be made!

Cost

Obviously, there is a major difference between the price of a house and the price of a condo. The house is much more expensive. The budget you will have to set aside for your home will therefore have a major impact on your decision to live in a condominium or a house. However, there are many other factors to consider!

Home more Maintenance

This is, in my opinion, the major advantage of the condo. There is very little maintenance to do. No grass to cut, no leaves to rake, no patio to varnish every summer… You only take care of your condo. So you have more time to go about your business and have fun.

There is certainly maintenance to be done in a condominium too, but much less than in the case of a house.

What are your Security Needs?

Condo buildings, especially those with several dozen units, are generally very safe. There are secure entrances, cameras, good lighting in the indoor parking lot, etc. Some skyscrapers even have a security guard on-site or offer a patrol service. There are very few burglaries there. If you are naturally worried, living in a condo can be soothing for you. Otherwise, a good home security system remains an option.