5 Reasons to Buy a Condo
You’re ready to buy but don’t know if a home or a condo is right for you. Ask yourself this: Do I want someone to shovel snow for me? Do I want someone else to pay for and handle the repair of my roof? Do I want a hot tub that I don’t have to maintain? If you said yes to these questions, then the condo lifestyle is right for you. Condo communities come with many benefits, and we’re sharing our top 5 reasons you should go to a condo here!
1. Live Maintenance Free
We’ll start with the one we already know. The condo association typically takes care of the maintenance and repairs of shared spaces. That means the clubhouse you can rent, the front lawn, fresh paint on your exterior, and trash removal. Your condo will have bylaws that layout who pays for what.
2. Enjoy A Lower Cost of Living
Since the HOA takes care of maintenance, you don’t have to worry about dropping unexpected money on something like the broken grill, leaky pool, or fallen patio fence. On top of that, the overall cost of this is shared amongst the community, so you’re not left paying for a brand new pool by yourself. You’ve already paid it!
3. Build A Sense of Community
Condo owners tend to share common spaces, and many rave about the community they’ve built with their neighbours. Many condos even host small community events to encourage a neighbourly feel. Hit the grill for a BBQ, relax in the hot tub with drinks, or join in on the fun of a potluck.
4. On-Site Security
Most condo communities include security. A gated entry with a passcode, a security door to shared buildings, cameras placed around the lot. You’re far less likely to have a break-in in a condo community than a home or apartment building.
5. Overall Affordability
Condos are usually more affordable than purchasing a home. You can start building your equity with a lower down payment and mortgage and still work towards owning it!
What You Need to Know
You might ask yourself if the HOA fees are worth the luxury, and that’ll depend on how much you despise lawn work. The condo life isn’t for everyone, but we think it’s the perfect fit for many. Between the lower cost, covered maintenance, and benefits of building equity, the condo life is certainly calling our name. Talk with the Green Mortgage Team today to learn what to expect from joining the condo club.
-Kyle Green
If you have any questions or would like to learn more,
please fill in the form below!