If you\u2019re considering relocating from a rental unit or traditional house, you\u2019ll want to get a sense of what condo living is like. Here are some of the pros and cons of living in a condo unit.<\/span><\/p>\n <\/p>\n
Pros<\/b><\/b><\/p>\n
You Get to Live in a Prime Location<\/b><\/p>\n
Condos are typically located in the heart of a city\u2019s bustling downtown core, with close access to restaurants, shops, and entertainment, as well as public transportation. If you\u2019ve always dreamed of living in a vibrant urban environment, a condo may be a perfect fit for you.<\/span><\/b><\/p>\nYou\u2019ll Have Fewer Upkeep Responsibilities<\/b><\/p>\n
With a condo, you are only responsible for maintaining or repairing anything within the walls of your unit. Anything to do with the building\u2019s exterior or common areas is the responsibility of the property manager.<\/span><\/b><\/p>\nYou\u2019ll Have Access to Great Amenities<\/b><\/b><\/p>\n
Many condo buildings have a variety of amenities such as indoor or outdoor pools, rooftop gardens, event spaces, and gym facilities. You\u2019ll love the convenience of being able to exercise, socialize, or relax outdoors without even having to leave your building.<\/span><\/p>\nYou\u2019ll Feel More Secure<\/b><\/p>\n
Condo living can feel safer than living in a traditional home, as most buildings have security features such as access keys to get into the building and\/or to use the elevator, as well as cameras in hallways, lobbies, and common areas. If your building has a concierge, you can take comfort in knowing that someone is always monitoring who comes in and out of the building.<\/span><\/p>\nCondo Living is More Affordable<\/b><\/p>\n
You\u2019ll also have fewer ongoing expenses to worry about. Rates for condo insurance are typically much lower than for houses, as you only have to worry about insuring your belongings and the interior structure of your unit. Certain utilities \u2013 such as hydro, sewage, and garbage \u2013 will likely be covered by your fees as well.<\/span><\/p>\n <\/p>\n
Cons<\/b><\/p>\n
Expect Some Noise<\/b><\/p>\n
Depending on factors like the age and structure of your building, its layout, and how high above street level you are, you may have to deal with some unwanted noise from neighbouring units or street traffic.<\/span><\/b><\/p>\nYou May Need to Downsize<\/b><\/p>\n
If you\u2019re moving from a house to a condo, you\u2019ll have to decide which of your belongings to take to your new home and what to donate or sell, as your condo unit will likely have less space. <\/span><\/p>\nThere Will be Some Rules<\/b><\/p>\n
As a condo owner, you\u2019ll have to follow the building\u2019s rules and regulations. Some buildings are stricter than others, and restrictions can pertain to anything from pet ownership, to guests, smoking, noise and quiet hours, or what items are permitted to be on your balcony.<\/span><\/p>\nConnect with one of our local real estate experts<\/span><\/a> to find a condo that fits your lifestyle and budget.<\/span><\/p><\/blockquote>\n<\/p>","protected":false},"excerpt":{"rendered":"
If you\u2019re considering relocating from a rental unit or traditional house, you\u2019ll want to get a sense of what condo living is like. Here are some of the pros and…<\/p>\n","protected":false},"author":31,"featured_media":21816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[386],"tags":[1807,1849,371,399,760,904],"class_list":["post-21813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-tips","tag-canada-condo","tag-condo-living-pros","tag-sothebys-international-realty-canada","tag-canada-real-estate","tag-real-estate-market","tag-condo-living"],"yoast_head":"\n
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