Back in 2016, Statistics Canada noted that there were up to 1.9 million people living in condos across the country. It’s been five years since, and there are no questions about it: the number has grown substantially. In this blog, you will know the benefits of condo living.
So, why are the people, both young and upcoming and retirees, looking towards condos as their ideal place to live? Barring the fact that condos are affordable and available than homes, there is more to it than that. Let’s take a look at the several benefits of living in a condo.
Seven Benefits of Living in a Condo
The Financial Aspect
We mentioned it above, and now we’re going to explain it a little more. Owning a condo means less of a financial burden than owning a home. Firstly, the size of the property means you’ll be paying less of a mortgage, saving you thousands of dollars. Sure, you’ll be paying condo fees, but that’s for the maintenance of your building, which you would pay just as much, if not more, for maintaining your home. There’s also the fact that you’ll spend less on insurance, meaning more money in your back pocket. Overall, condos are more affordable than people expect.
Coverage for Maintenance & Amenities
Those few hundred dollars you’re paying a month towards fees actually offer you a world of benefits. You won’t have to worry about the hassles that come with yard work, maintaining the building, home repairs, snow shovelling or looking after the amenities. The maintenance staff will take care of everything, ensuring it’s in proper working order. The only thing you have to worry about is your own living space – and all the free time you’re going to enjoy!
More Free Time
Less time spent on maintaining your home means more time spent on yourself. Condos offer that beautiful luxury, as everything is taken care of for you. You only have to worry about your living space, and in some cases, you might even get coverage for that too, depending on your condo bylaws and fee. Spend more time living and less time worrying about the home with a condo.
Top-Notch Amenities & Appliances
Most condos offer a wealth of amenities that make your life a little easier. Think of things like outdoor terraces (either rooftop or patio, or both!), pools, fitness centers, natural walkways and paths. You’ll get access to all this because, guess what, you’re paying for it through your condo fees. There’s also the added benefit that you’ll have appliances like refrigerators, ovens, and washers and dryers in your condo already as part of the deal.
Proximity to Downtown or Residential Areas
People think that condos are strictly a downtown living arrangement, but that’s the furthest thing from the truth. You can find condos on the edge of the city limits, offering access to natural elements and neighbourhoods, providing owners with more peace and quiet (https://www.theviewscalgary.com/). In a way, you really have many options: you can live downtown, close to popular and trendy areas. Or live out of the city limits where you can find peace and quiet. It’s really down to what you want!
Greater Sense of Community
Living in a condo complex means being part of a community. With the likes of shared spaces, such as kitchens, patios and centres, people have the opportunity to make new friendships with fellow residents. That creates a greater sense of community within the condo building, providing you with comfort that help is just around the corner if you ever need it.
High-Level Security
From cameras to keypads and everything in between, condos now offer residents a higher level of security than ever before. That provides residents with a sense of comfort and peace of mind as they know that any criminal activities won’t occur in their building or complex. Whether you live on your own, are retired or just want some peace, condos provide you with the security you deserve.
As you can see, there are several great benefits of condo living – which is why millions of Canadians are looking towards living in one. Whether you’re looking to retire, downsizing or trying to buy your first home, condos offer a very valuable opportunity. Start your search today!
