Considering a Condo: What You Need to Know First

Most people do not willingly want to spend their entire lives living in an apartment because let’s face it, every time you pay your monthly rent, your payment is metaphorically going down the drain because with apartments you only have the unit to yourself as long as you pay your rent and ultimately, till the end of your lease. You then have the option to move out or renew it. Then again, not everyone wants a house in the suburbs either because it is going to take a lot of time and money to keep it maintained and running.

Chances are you are probably considering going for a condo, and that can be a great decision. Most condos are situated right in the middle of the city, like Zen King West Toronto, so you are able to be closer to the city and every other amenity you need and also save money that would have otherwise been spent on commuting. However, before you make the leap, it is important that you understand what comes with buying a condo unit.

First of all, you will not get complete privacy. There will be other condo units other than yours in your building. Speaking of privacy, you do not get a lot of power in terms of complete independence to do what you want. All condominiums have a set of rules and policies that need to be followed, this can include a pet policy, renting etc. You are not allowed to renovate or change the outside appearance of your condos and in case you want to do a full scale renovation for the interior, you need to get it approved first. You also have to pay an additional Homeowner’s association fee every month along with your rent, this money goes into outside maintenance and for the amenities offered regardless of whether or not you actually use them.

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Shifting to Condos

It was recently found out in the Canadian census that about one in every eight families live in a condo or a condominium, like the E Condos Phase 2 condominium projects, and it is expected that over time more and more people will start moving towards booking condos in condominiums.

There was also a higher concentration of people living in condos in bigger Canadian cities, like Toronto, which means that if you discount the suburban areas and the smaller town, the ratio of people who live in condos is a lot higher than one in eight families.

There are many reasons behind this sudden shift in the living preferences of the Canadian people. One major reason is the fact that the cost of housing has gone up greatly ever since the housing market crashed in the United States back in 2008. The crash of the housing market set off a chain reaction in the entire world which has left a lot of people unable to afford houses and with most countries facing a huge inflation problem in many different markets, housing included. Canada being so closely related to the United States’ market also felt a huge hit come their way. The pricing of housing went up so much that people just started looking for other alternatives.

This is where the idea of creating and buying condos and condominiums came about. Since condominiums are built on top of a single piece of land, and none of the people living in the condos own that land, the prices are much lower compared to houses. In fact you will find that all the different condos that have the same living space as a house can be around half or even one third of the price. With the affordable prices, people started shifting to condos.

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A Guide to a Stress Free Purchasing of a Property

We are here to tell our readers how to intelligently buy any kind of property. By the end of this article, you will be armed with information that will enable you to buy property without any hassle and headache. The key to buying any sort of property is to formulate a brilliant plan which focuses on key aspects of purchasing and deciding.It does not matter whether you are planning to buy an apartment in a high end condo like Church Charles Condos, if you just follow the steps that we have outlined below; you will be fine and would be able to purchase the apartment of your dreams.

Real Estate Agent

It is true that real estate agent costs a lot but if you want to buy the perfect apartment without any trouble then hiring a real estate agent is the answer to all your prayers.

List of Your Wants
The first thing that you need to do is list down whatever you want because it will serve as a guideline in narrowing down the options. If you have a real estate agent then show he/she the list and he/she will only show you the apartments which match the list.

Research Thoroughly
Armed with your list, go on a research rampage and do not leave any apartment that matches your list. It is very necessary that you visit each and every apartment that is suitable to your needs. It might get tiring but it will be rewarding because you might end up buying the right apartment for you and your family.

Solid Decision
It is a crucial point that you should make a solid decision which means that not to make a hasty decision but also not to make a delayed one because you might end up losing the one that you like.

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A Grand Multi Tower Project

One of the biggest reasons why Mississauga has such a grand feel to it is because of the many high rise buildings you can find there, the uptown area is home to many luxury condo towers that provide people with fine living spaces at superb locations. Condo towers in that are quite popular due to the fact that they provide people with prime locations to live in, allowing people to live in one of the best cities of Ontario. They’re also popular amongst investors because property is Mississauga holds a lot of value that is always on the rise.

Mississauga sees a constant flow of development, with all kinds of projects being constructed there, one of the most promising ones to be completed in the near future is Perla Tower, a condo tower project by Pinnacle International that is set to be completed by 2020. There are a lot of things that make this project noticeable, apart from having a pair of towers, the project promises luxurious living quarters and a plethora of amenities to keep its occupants happy and satisfied. You can expect to see Perla Towers become accessible by 2020, but its first tower is set to be completed by July 2017.

The project is currently in its pre-construction phase and bookings can be made, it’s planned to be located at Watergarden Drive Mississauga, ON L5R 1B2, making it conveniently close to a number of sites and activities that Mississauga has to offer. The tower’s prices start at the early $300, 000 and above. Whether you’re a buyer or an investor, Perla Towers is a project that holds a lot of promise and should definitely be given more attention, you can learn more about the project at its website or by getting in touch with Pinnacle International.

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The Benefits of Buying a Condo

It’s pretty standard thing to say but buying a condo is something that everyone has thought about doing once or twice in a life time. Believe it or not, the experience of living in a condo is a lot different than the experience you get from living in a house, however, if you are wondering, you won’t be losing the homely feeling if you turn the condo into a place where you would want to live.

With that said, if you are looking for a condo, you can definitely have a look at Avia floor plans for better understanding of what you’re getting yourself into, and once you’re done with that, you can go ahead and have a look at some of the benefits of buying a condo.

These benefits may or may not be available to you should you choose to go with a house instead of a condo.

Enhanced Security
The greatest benefit of living in a condo is the fact that you get a lot of security as compared to living in a house. Most condos are located inside compounds, and compounds are properly secured, guarded, and locked. Some even go to the extent of making sure that the entry is only permitted if the person entering has the security/entrance card to begin with.

They’re Affordable
Another great thing is that the standard condos are often more affordable than the similar sized houses that are built for people who are actually planning on living with their family. That is one of the biggest reasons why a lot of people prefer living in condos, it saves them money, and offers a relatively different, and more modern life style at the same time. Ultimately making condos a lot better place to live as well.

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