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The Benefits of a Condo Lifestyle

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By : Terry Paranych    99 or more times read
As housing prices rise the condo market is flourishing and it's easy to see why: vibrant downtown cores and the urban lifestyle appeals to many young couples and professionals, especially those who are also first-time buyers. Living in a condominium perfectly blends the advantages of owning your own home with the convenience and sense of community that come with renting an apartment.

Benefits of the Condo Lifestyle

Affordability: A condo can be the perfect entry point into an expensive real estate market for buyers on a tight budget. Mortgage payments on lower range condos are often comparable to rental prices, making them extremely attractive to first-time buyers and singles. Imagine having all the perks and the pride of owning a great home at a more affordable cost! And, in a few years if your lifestyle needs change, you'll have equity built up to make buying the house you want even easier.

Location: For the eco-friendly or urban-loving buyer, nothing beats a downtown condo. You'll be close to every necessity and hotspot, from shopping and groceries to bars and restaurants. If you work in an urban area or downtown core and hate commuting, condo living could be the perfect fit, providing you with easy access to public transit. Or, better yet, the right downtown condo could even put you within walking distance of your office! By being close to everything you need, you'll be effortlessly living a more active and eco-friendly lifestyle.

Low Maintenance: The maintenance-free aspect of condo living is one of its greatest advantages. The condo lifestyle means someone else takes care of all the yard work, plumbing and snow shovelling, leaving you free to spend more of your time the way you want to. By choosing a condominium you'll be living a simpler life, free from many of the strenuous maintenance tasks that are covered by your condo fees.

Community and Security: Condominiums offer a unique community dynamic since most of the building is shared space. Because you're surrounded by neighbours there are lots of extra eyes keeping watch over things, giving you better peace of mind. Additionally, most condos have extra security features such as guards, secure parking and locked exterior doors that must be buzzed open.

Amenities: Many condos offer amenities and luxuries typical single-family homes don't. There is a wide range of potential perks you could find in the condo market, from swimming pools and hot tubs to gyms and tennis courts. Some buildings even have common recreational spaces, meeting rooms or party facilities you can book and share with your neighbours. In some cities there are even condo/hotel hybrids that offer concierge and housekeeping services!
For the best Edmonton real estate experience, you want a top Edmonton Realtor by your side. Find out what Terry Paranych and his team can do for you.

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