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Why Buy a Condo Instead of a House

To an older generation of people, the advice to buy a condo instead of buying a house might sound insane. The older generation has always pictured themselves, and everyone else, living life a certain way, which majorly included getting married, buying a house in the suburbs, and then having children. However, that is now not only a non viable option, it is also something a lot of people would not really want to aim towards.

The thing is that since the housing market crash back in 2008, the whole economy has changed and it has become extremely difficult to buy a house. However, buying a condo is still very much possible, and economical. On average a condo will cost from half to one third the price of a house that is the exact same size living space wise. So you would be getting the same amount of living space at a much lower cost. This makes it much easier to afford and pay off without having to acquire a debt that will live with you throughout life.

Other than that, you will also find that a lot of the newer condos, such as the Saint Condos in Toronto, are perfectly suited to a younger generation. Aside from not being as badly affected by a market crash, these condos are also smack in the middle of major cities. With the affinity younger people have for being in larger cities and not an hour or two away from the city, condos end up working perfectly. You are closer to your work place, the places you regularly like to hang out at, and basically closer to anything that you need to be close to such as the police department, the hospital, schools, stores, and such.

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Condos: The Perfect Hybrid

You do not really need anyone else to be telling you about how people are no longer buying houses, and how the number of vacant houses has grown exponentially over the years because chances are that you already know all of that. People no longer want to buy or live in houses because of various reasons, be it the actual cost of houses, the inconvenience caused by their location and so on. People are instead voluntarily living in rented apartments even when they can afford other options. However, investing in permanent property ownership is still important, so if you find yourself in a position where you are financially ready for permanent property ownership, then you should consider getting a condo.

Condos, like apartments, are shared units in a building, however, like houses you can buy them and acquire permanent property ownership. This ends up making condos the perfect hybrid because it contains the perks of both a house and a condo. So, if you happen to be interested, you can look into the Brightwater Condos Port Credit program and see if you find something that can work for you.

Condos are situated around and inside the city, so this means you are right at the center, and everything is in easy access to you. This means your office, malls, and shopping centers, different districts are all within your reach, and can easily be reached either by your own car or by walking or making use of public transport. This convenience factor is the best thing about living in a condo, plus, you own your own condo, so as long as you have met all of your payments, the unit is permanently yours, and this lulls you into a state of security that takes a huge worry off of your shoulders.

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Questions You Should Ask When Going For a Condo

In case you want to buy a new condo, there are so many options that you can easily go ahead and look into. However, the thing that there are some complications that can come in the way. This can lead to some unexpected results. So, the right thing to do is to make sure that you ask a few questions. These questions are something that most people have in mind so there is nothing wrong in asking them.

For anyone who just wants to have a good condo, simply get in touch with Linx Condos and they will sort you out. If you want to have some questions in mind, this article is going to help you get that done.

So, without further ado, let’s get to the important stuff.

What Are My Financing Options

You can, more often than not, get a condo financed, as well. I know this might sound really strange but most condo providers do give you that option. This is great for those who do not have the entire amount of the condo to pay upwards and right away. This way, you can get the financing and be on your way without any issues coming in your way.

What Are The Association Rules

When you are living in a condo, the rules are something that everyone has to follow. These are handed by the association. This is important because if you do not follow these rules, you might get into some trouble and that is not something that you want to go for because it can only get you in more trouble.

So, keeping that in mind, you need to make sure that you know the association rules so you can see if they are as per your needs or not.

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