Condos are usually located in well established, proven neighborhoods. Giving you the opportunity to see where everything is before you decide to buy.

Condominium living offers  investment appreciation with lifestyle enhancing amenities and benefits many of us would not be able to afford as an individual. Where else could you afford a swimming pool, billiards lounge, media theatre, underground parking and more, without the worry and hassles of day-to-day maintenance and repairs? A 24-hour concierge and state-of-the-art building security also play a major role in your daily peace of mind. Leaving for a weekend or an extended holiday? Just lock your door and leave, secure in the knowledge that everything's taken care of for you.

These are some of the advantages to buying a new condominium:

• Better Choices
  • Ability to choose where in the building you would like to be located - based on availability
  • Choice of layout and suite type
  • Ability to personalize your space with the features and finishes that reflect your taste
• Better Home Design
  • Built with state of the art technology using low maintenance and durable building materials
  • Less maintenance, less repairs, and in the long run, less expense
  • Energy-saving devices
  • Latest styles & trends
• Better Value
  • The earlier you purchase in the construction process, the better the price - likely, your investment has already appreciated when you are ready to move in
• Energy Efficiency
  • Green buildings perform better. This can translate directly into cost savings, as the better equipment, lighting, windows and insulation reduce energy consumption.

YOU HAVE TO KNOW THAT:

You need an inspection completed before buying a condominium. Do not forget that when you buy a condo, you are also buying into the entire building in which your condo is located. As a co-owner of the building, you will be assessed your proportional share of the cost for corrective work required in common areas, such as the roof, heating system, or foundation.

Condominiums will increase your buying power. Condos usually sell for 20 to 30 percent less than similar detached homes. You will have all the luxury of owing your own home, but will be able to share the cost of upkeep on the building, roof, and foundation. For most buyers the choice is to buy a condo that meets their living needs or continue to rent.

What are maintenance fees and who decides how much is paid?

A monthly maintenance fee is paid by all owners in your condominium to cover costs incurred in operating and maintaining the common areas and mechanical components of your building. Fees are established by estimating the operating costs of your building for the projected year and then divided into 12 months.

After reading this article completely you should have a general idea of why buying a condominium maybe what you are looking for....if not please call me, Alla Tchouiko, and I can show you few condo and houses and will give you detailed maintenance cost condo vs. freehold and you and only you will decide what to buy!

Looking forward to hear from you!

Best wishes in your everyday endeavor!

Alla