When we think about buying our first home, our second home, or even our forever home, we’ll usually have the image of a traditional house in our head. Most people think condos are expensive, and what about privacy? Here we’re going to discuss the benefits of buying a condo and how you can tell if they’re the right thing for you.
A condo in Oakville means getting luxury and beauty with a lower price tag. Condos appreciate at a lower rate than single family homes, and you'll be able to bank that investment for the future. There are many different types of condos as well; a condo doesn't always have to be a sky rise apartment! There are town houses, duplexes and even semi-detached homes that qualify as condos. Always remember that a condo is an ownership agreement, not a type of building.
It can be hard dealing with all the maintenance of a home, but why should you? You can get everything you need in Oakville real estate with a great condo. Sign up with a co-op that offers a myriad of personal services so you don't have to worry about maintenance and cleaning your home. Depending on what you're looking for will depend on the kind of condo you're should by, so think about what you really need. Do you need less maintenance, do you want great views, or do you need a place to unwind at the end of the day? Depending on which you settle on, you'll have different services. Let these play a large part in your decision.
Aren't Condos Pricey?
Since condos appreciate at a lower rate than a traditional home, they're actually often more affordable! You'll be able to have your choice of neighbourhoods and unit type. One thing I always tell home hunters is to look at many different condos before you buy. Consider buying a condo that is already built instead of having a custom one built for you. While it might seem great to have a fully custom home, you need to consider resale value down the road and how much customization will kill the deal.
While it's true that condo owners do enjoy a little less privacy than detached homes, they also enjoy more perks! How many places do you know with a swimming pool, bar, fitness center? Not many! If you want something that puts your home over the edge and gives you a touch of opulence, you should consider buying a condo. You'll be able to get more for your money, put less maintenance into your home and all the amenities that make life worth living.
If you're considering buying a home in Oakville, let one of our experienced team help you! We'll help you explore your options in condos and help you find out if they're the right option for you. Oakville real estate is an excellent investment; never forget your home is your greatest asset!