If you’re house hunting, you might find yourself shopping for a condo or a home on the smaller side. In some Canadian cities, this strategy might be necessary to stay in your price range, or it might.
Buy a house, condo or town house as your first home? erica lamberg. April 11, 2018 in Real Estate. Carlina Teteris/Getty Images. Some first-time homebuyers struggle with whether to buy a single.
Step. Think about how long you’re going to stay in one place. Buying a condo is no different than buying a single-family home–you need to live there at least a couple of years to recoup closing costs, assuming the property will appreciate.
Each condo complex will have their own rules and restrictions. You should be well aware of those before you buy a condo and find you can’t live with their rules. What to Know About Buying a Condo. In addition to a condo’s rules, you should also be aware of the condo association’s budget.
Here’s how to buy a condo, how it’s different from buying a house, and a few insider tips to pave the way toward condominium ownership without a hitch.
When Marsh Williams and his wife, Carol, of Columbus, Ohio, wanted to buy a low-maintenance home in 2013, they knew a condominium would let them travel without fretting about forgoing necessary yard.
Canada’s Leading Developer of New Luxury Condos In the Greater Toronto Area. Looking to buy a new condo in Toronto? Find the latest news on new luxury condominium communities for sale, up to date prices & floorplans and useful articles for the new home buyer.Already own a tridel condo home? We offer information on our award-winning customer care, tips on home maintenance and useful articles.
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Buying a condo allows you to wade into homeownership without plunging into the responsibilities of a single-family home. Before you buy a condo, ask the right questions to avoid making a mistake.
If you are interested in owning your own home, but maintaining a yard is not part of your dream, a condo may be the perfect home for you. Condo construction has been on the rise in the past decade.