Buying A Condo

Thinking about purchasing a new place to call home but not sure what you're looking for? Buying a condo may be the right decision for you. 



Read below to find out why!

Maintenance

Buying a house is an expensive feat in itself, not to mention the maintenance and upkeep that you are solely responsible for, and not only are we talking about the financial maintenance, mowing lawns, trimming the garden and maintaining the leaves can all take up lots of time. When you buy into a condo, these tedious tasks are often outsourced and handled by a strata board. The monthly strata fees build a reserve which is great for when unexpected fees arise such as needing a new roof.

Cost

When looking at the price of a condo vs a townhouse or detached house, the price per square foot is often much less, making buying a condo a great idea for those who are still seeking space but don’t want the inflated price tag. Buying a condo is also a great idea for those who are wishing to downsize from their detached homes, leaving you with lots of extra cash for your retirement fund. 

Community

Moving into a new neighbourhood can be an overwhelming experience, and many new homeowners have a hard time getting to know their neighbours and community. This is not an issue in apartment complexes. Being close to neighbours offers an instant sense of community and safety. 

Investment

If you are thinking of ways to invest, the North Vancouver real estate market is a great space to get into. The population of Vancouver continues to soar, and as such rental suites are a safe investment. 

If buying a condo feels like it may be the right decision for you, get in contact with me! Currently, there is a large variety of condos on the market in the Greater Vancouver area. Whatever you are looking for, right now is your best chance to find it. 

Information for this blog was sourced from For Sale Guides.