If you plan on buying a home, then you should know that there are plenty of options available. Variety is one aspect the real estate market is definitely not lacking in. One of the options you have is buying a condo. This is a great alternative if you want your own place, but can’t quite afford or simply aren’t interested in buying a house.
So, what exactly is a condo?
A condominium is usually defined as a large property complex divided and sold in individual units. What this mean is that you’ll own some parts privately (your residence), but also share ownership with all of the condo‘s residents when it comes to certain common areas
There are plenty of reason why buying a condo might be a better fit compared to renting an apartment or buying a house, and money is definitely one of them.
Condo prices tend to appreciate at a slower rate than single-family accommodations. This means a condo is a great, affordable alternative on markets where prices are constantly going up.
Owning a condo means you’ll have access to certain desirable amenities that you couldn’t afford otherwise. I’m talking about swimming pools, fitness facilities and even golf courses. That doesn’t sound too bad, does it?
3) Great location at a price you can afford
How would you like to own a riverview condo and wake up every morning to an amazing view? Well, it’s definitely a dream that can come true for you. And the most important part is that you don’t have to empty your savings account to achieve it.
If you’re a sociable, open-minded person always looking to make new friends, then buying a condo could be the best choice for you.
By sharing certain living spaces and amenities with other residents, you’ll be more likely to build strong, lasting friendships with your neighbours.
Living in a condo tends to provide extra security. Besides the usual security features most condos have such as locked front entrances, your neighbours will turn out to be the most efficient alert system. So if anybody suspicious is sniffing around, you can be sure that someone will notice.
6) Shared Maintenance Costs
One of the perks of shared ownership is the fact that you’ll be splitting the maintenance bill with the other owners.
Also, you’ll be happy to know you won’t be directly responsible for performing maintenance in the building, common areas or grounds. This gives you more free time to enjoy that amazing lake view I mentioned before.
Bonus Reason 7 for 2021
Our housing market in Winnipeg is super-heated right now, as a result of a severe lack of listings, and strong buyer demand. Losing bidding wars but still want to get into home ownership? Condos make a great alternative.
Are you concerned about the condo fees? Here is a different way to look at condo fees vs. house expenses
Thinking about Buying a Condo in Winnipeg?
Now you know what the most important benefits of condo ownership are. So if you’re looking for a place of your own, condos should definitely be on your radar.
If you’re interested in owning a condo in Winnipeg, but need more information, you might want to check out this article I wrote on the subject. Or better yet, we can set up an appointment so we can talk more! Zoom meeting is now also available.Our Latest Web-Stories Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube
Thanks for sharing such a amazing content
I’ve been living in a condo for a year and it is the bomb. I get to enjoy the swimming pool and the gym anytime without any hassle.
Thanks for the advice! I am thinking of buying a condo that’s closer to the office. I think it’s gonna be a great investment.
I used to dream of having my own condo so that I can live independently. If I were you I will choose a condo compare to buying a house or an apartment. If I have the money I’ll buy my own condo definitely.
This article have a point. Condominiums are cheaper compare to buying a whole house. And the best part of it is that you can have free amenities like swimming pool.
This article is so true! Sometimes condo units offers more advantages and benefits compared to the traditional or other type of houses that no one could resists.
The best part about having a condo is their amenities. You can swim anytime you want, if you get bored you can hit the gym or play basketball. You can also be assured that you’re in a safe community. However, if you’re the type of person who loves gardening or even grilling steaks and burgers then this might not be a good option for you.
While I agree that a condo unit is not a bad idea. Still only high end people can afford it for people like us in a third world state a condo is the least of our concerns. Food comes first.
One of the perks of having a condo is you do not have to wait. As long as you have money you can move in instantly without worrying about furniture or equipment since most units are already furnished.
A free 45 minute consultation is very gracious of you. I should be able to get all of my questions answered then. My husband and I have been contemplating of buying a home in Winnipeg or quite some time now. Will be contacting you soon!