How To Invest Accurately For Condo Ownership

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How To Invest Accurately For Condo Ownership

• By - HOMULA REAL ESTATE

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Introduction

• Toronto real estate markets have seen more
  condos available in recent years than ever
  before. This poses an interesting question to
  many buyers looking to own their property is it
  better to buy a condo or a house? It used to be
  that a detached house, with a huge yard and big
  garage was the signifier of success, but those
  days have long since passed.

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Is Having A Lot Of Outdoor Space Important?

• Some families, especially those with young
  children, will want to have a ton of outdoor
  space easily available. Other homeowners with
  pets will want a fenced in yard, to limit the
  amount of time spent walking the dog. If these
  things are important to you, a house is probably
  the better choice.

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How Much Room Do You Have In Your Budget?

• Aside from the initial purchase price, the
  costs of owning a house can be huge. Ongoing
  expenses such as property taxes and insurance are
  significantly higher when it comes to detached
  houses than those associated with condos. This
  helps you to budget on an ongoing basis, and for
  your initial purchase, in a much easier way

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Are You Looking To Make Significant Improvements?

• One of the perks of purchasing a detached
  house is the ease with which new buyers can
  renovate and make huge improvements to both the
  interior and exterior of the property. Condo
  owners are not afforded this luxury, and in some
  cases may be prohibited from renovating
  altogether, depending on the content of the condo
  agreement.

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Are Amenities Important?

• Having a luxury lifestyle, including a gym
  membership, access to pools, and the ability to
  participate in certain sports is a very important
  thing to many people. While the costs associated
  with a membership to a facility or facilities
  that provide each of those things can be costly,
  it can often be easy to find a condo that offers
  these perks as part of condo ownership.

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Is Location A Key Factor?

• In certain desirable areas, owning a house is
  simply beyond the means of most people. In
  addition to low availability, the costs of
  insurance and municipal taxes can make living in
  detached homes in many popular neighbourhoods
  prohibitively expensive. Owing a condo in one of
  those locations can be an affordable alternative,
  allowing the owner access to the neighbourhood
  and amenities desired, without the massive price
  tag associated with purchasing and maintaining a
  house.

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Contact Us

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• Website- http//realestate.homula.com
• Source - How To Invest Accurately For Condo
  Ownership
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