Purchasing a condo is much like buying a single family residence, but with some advantages. In a condo, the homeowners association is in charge of mowing the lawn, trimming the shrubs and trees and generally other regular but bothersome tasks that cannot be ignored. In a single family house, on the other hand, you do all the work, which doesn’t sound like fun.
Even during foreclosure and falling house sales, buying a condo is usually a great option. That’s because the cost is generally 20 to 30 percent less than a conventional single family house. This is especially ideal for singles, young couples or retired seniors. Another benefit of purchasing a condo is that you do not have to worry about repairs, maintenance, and other dreadful chores. Even when it snows, you don’t have to buy a motorized lawn mower to clear the driveway.
People who wish to enjoy comfortable living follow the condos for sale Edmonton trail in safe and well-established neighborhoods. Some may go for a condo loft near the center of Edmonton where there’s all the action while others may opt for condos in a region far from the noise of the town. It all comes down to preference. Safety is ideally an advantage if you buy a condo in a building with numerous units. When leaving for a trip, you don’t have to worry as you neighbors will keep an eye out for thieves and burglars.
Okay, enough on the- why condos are excellent choices- topic. What are the questions you should ask before buying a condo in Edmonton?
Is there any pending litigation or lawsuit against the condo association? It is imperative to be aware of such matters before signing any contract. Pay attention to old condos as they are usually the most susceptible.
Does the homeowners association have enough reserves for improvements and repairs in case something serious happens?
Before you sign any paperwork, you will need an inspection. Since you become the co-owner of the building, inspections can occur and so, it is important to ensure that everything is in place.
Buying a condo can increase your buying power. They usually call for less in terms of maintenance costs compared to single family houses, and they have amenities that you may not otherwise afford.
Condos are perfect for people who want to live an easy and comfortable life without extra maintenance work. Fortunately, there are numerous condos for sale Edmonton has to offer.