Home ownership remains a goal for most adults. Traditionally this meant the purchase of an entire house and the property it was situated on. While this is still the norm, increasing there are other options in home ownership. For individuals, working couples, retirees and growing families, living in a condominium is often their best choice.
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“Condo Living” provides a myriad of features that are not just economic in nature. Condominium owners do not have to deal with maintenance issues, including many repairs and snow removal. Because each condo is part of a condominium community, there are sports, entertainment and social functions available to residents.
As an added bonus, condo communities are likely to have a higher level of security than developments of single-family style houses. This means security personnel on the grounds, as well as closed-circuit cameras where necessary. In a world where home burglary is an unfortunate reality, these security measures offer reassurance.
A Condominium Primer
Before purchasing a condominium, potential buyers need to be aware of all of the facts. Buying a condo does allow owners many of the perks normally associated with single family houses, like the ability to sell one's home for a profit. However, there are a host of issues to consider that are unique to the condo experience. It is always wise to take these into consideration before, and not after a purchase is completed.
Types of Condominiums
Edmonton Condos come in a diverse range of sizes and price ranges. As with single family houses, the real estate marketplace has something for everyone. There are condominiums that are designated as strictly residential. Increasingly, there are condominiums located in “mixed use” buildings. These structures are built with both residential condos and commercial space.