5 Reasons Why You Should Buy a Condo
If you’re looking for a new home, you may have only thought of the typical single-family home. But have you thought about becoming a condo owner? Condominiums, or ‘condos’ for short, are becoming a popular choice for homebuyers, and for good reason!
Here are 5 reasons why you should consider buying a condo on the Lakeshore.
1) Convenience & Amenities
One of the biggest advantages of living in a condo is the convenience and amenities that come with it. Most condos come with a range of shared facilities, such as a gym, swimming pool, and recreational areas. This means you don’t have to worry about maintaining these amenities yourself and can enjoy them whenever you want.
In addition, condos are often located in convenient areas, such as Downtown, where you are located close to shops, restaurants, and public transportation, making it easy to get around and access everything you need.
2) Lower Maintenance & Upkeep
When you own a condo, you typically only need to maintain and upkeep the interior of your unit, rather than the exterior and surrounding land. This can save you time and money, as you won’t need to worry about landscaping, snow removal, or other outdoor maintenance tasks.
3) Security and Safety
Condos are often equipped with security features, such as gated entrances, security cameras, and on-site security personnel. This can provide peace of mind and a sense of security, especially for those who live alone or in a high-crime area.
4) Affordability
Compared to single-family homes, condos are often more affordable, making them a great option for first-time homebuyers or those on a tight budget. In addition, condos are typically smaller than houses, which means lower utility bills and other expenses.
5) Investment Potential !!!
Finally, buying a condo can be a smart investment. If the value of the property increases over time, you can potentially sell it for a profit. Alternatively, you can rent it out and generate a passive income stream.
Ready to start your search for a condo? Fill out the form below to get connected with an agent!
Take a look at our buyer’s guide to get an idea of what to expect.