For those seeking an affordable way to achieve home ownership, condos and lofts are a good option to consider. They offer affordable pricing and are low-maintenance. This allows for more free time away from home projects and gardening. If one wishes to live in the heart of the city this could be an attractive option.
Often used interchangeably, condos and lofts are single units that are in a building with many other units. Lofts are often open spaces the owner customizes to fit their needs as far as room division is concerned. They also can be converted from old warehouse spaces and can boast such architectural features as brick wills, factory windows and exposed duct work.
There are many advantage to this style of living, mostly the cost of purchase. Compared to a single-family residence they can offer more for the money and are a great option for first-time buyers or people who are looking for a more affordable loan option. It is a great option for those who a looking for something smaller after their children have left for college. It is also a smart move for those ready to retire who want to live off of the equity of their home.
A condo or loft is a good option for those who are not handy around the house. The interior can be improved with such things as minor remodeling or new paint but the exterior is taken care of by the home owners association and monthly dues are paid to cover this. This allows one to not have the worry of a new roof, gardening or any exterior work that needs to be done.
Another thing to consider is those who like to travel a great deal will be perfect candidates for this type of living. People that are in professions such as sales or for those in the airline industry will not have to worry about upkeep on their property. Instead of spending time doing yard work or cleaning gutters one can relax and enjoy activities such as swimming and playing tennis. This style of living allows busy professionals to enjoy their time off.
One of things a person would have to get used to is living closely to neighbors, but that can have an advantage. Neighbors tend to watch out for other neighbors properties when they are away. This way of living allows one to find a place in the city and enjoy all it has to offer in the way of entertainment and restaurants. Compare properties and HOA fees to find the best fit for your situation.
Graffiti and burglaries are more prevalent in properties that are detached and private rather than in a complex. It is harder to tell if someone is away and therefore there is an added element of security. When people are out of town for extended amounts of time is when burglaries happen.
The advantages of purchasing Toronto condos for sale are great for those seeking an affordable style of housing with low-maintenance. The cost per square foot is quite often a better deal than that of a detached property and the payments will be less than a comparable apartment. One will not have a lease to be concerned about or a raise in the monthly rent. Often these properties will have community rec rooms, swimming pools and exercise rooms that can be enjoyed by all owners.
Finding good condos for sale can be tough. Our experience real estate agents can help you find the best condos for sale. Find you’re the perfect Toronto Condo for Sale today! RE/MAX Condos Plus Corporation 679 King Street West, Toronto, ON M5V 1M9, Canada (416) 251-8875