Is Condo Living Right for You?
Are you considering buying a condo? Turns out, you're not alone. According to the Calgary Real Estate Board, there has been a significant shift by first time buyers into the condo market. Calgary is a youthful city that is full of opportunities for young professionals, so it's no surprise that there is a growing demand for trendy, convenient and affordable housing options. Rising real estate prices have delayed many people from buying their first home, but condos are offering the perfect solution for those that want to get into the housing market without the price tag and obligations that go along with owning a traditional home. As a result, condo sales are up nearly 30% over last year.
Apartment condos are the perfect option for downtown living. Buyers like the idea of purchasing a turn-key property. Many of the buildings feature enjoyable common elements such as a gym or party room. This creates a sense of community for the condo owner and offers an added bonus when purchasing the property. It turns out that Calgarians are more likely than the average Canadian to purchase a home while they are single. Single buyers don't mind the smaller floor plans and the added security features of living in a building are ideal for people living alone.
Of course condo living isn't just limited to the downtown area. Condo townhouse complexes and low-rise buildings are springing up all over the city. The town homes offer larger floor plans and many of the same elements of a traditional home. These properties are great for buyers who like having more than one level. Being attached on one or both sides helps to offset utility costs and reduces the amount of maintenance required on the exterior of the home.
It's important to ask the right questions when purchasing a condo. Keep in mind that each building or townhouse complex will offer different amenities and the condo fees will cover different things. Although some buildings have higher fees, they may cover most of the utilities. It's always important to find out exactly what you will be getting for your money. There are so many great places to choose around Calgary and condo living is a great option if you are looking for an affordable and easy to maintain home.
Are you buying or selling a home in Calgary? Do you want an agent who has the enthusiasm and energy to get things done, with your best interests in mind at all times? Contact me at 403-617-8758, firstname.lastname@example.org or www.kellymacdonald.ca and let's make good things happen!
About Kelly Macdonald
Kelly Macdonald is a Realtor® with The Real Estate Company in Calgary, where she has been living (and loving it!) since she was 10. Kelly offers her clients a unique mix of youthful vigor, creativity and technical and design savvy on one hand, and professionalism and transactional expertise from her business degree and strong administrative background on the other. Kelly is also a devoted wife and mother of two, with whom she finds time from her busy schedule to play scrabble and walk by the beautiful lake of their home in Southeast Calgary.
THIS ENTRY WAS POSTED ON June 15th, 2014 BY Kelly L. Macdonald | POSTED IN General