December 5, 2018
Here are 6 key benefits of living in a condo vs house to help you decide on your Toronto home:
1. The Views
When you live in a city that offers stunning views of the lake, skyline, and parks, why wouldn’t you make the most of it? Very few houses in the city can offer anything close to what a condo can, especially when you work with the right real estate agent.
As your personal View Expert, I can make sure you get the best condo views in Toronto – start your search with the latest listings here.
2. The Amenities
Having convenient access to popular condo amenities that you otherwise couldn’t afford is one of the biggest draws to living in a condo vs house. Buying a house with a gym, pool, 24-7 security, underground parking, party room, guest suites, and rooftop patio isn’t in the budget for the majority of Toronto buyers, but when you purchase a condo, all of those features and more could be within reach.
3. The Lower Cost
When comparing the cost of a condo and condo fees vs house expenses, condos tend to come out on top. For example, the Toronto Real Estate Board recently reported that the average price for a detached house in the City of Toronto is $1,301,382, while the average price for a condo apartment is $595,678, making condo ownership a much more achievable goal for first-time buyers and investors.
4. The Minimal Maintenance
Never having to wake up early to shovel snow off the driveway is a huge bonus to living in a condo vs house. As a condo owner, you’ll have fewer maintenance and repair responsibilities than you would owning a house, so you never have to worry about mowing the lawn, fixing a pipe, or dealing with an electrical issue by yourself.
5. The Community
Living in a condo comes with a built-in community. A lot of buildings hold social events and activities for the residents, and as a condo owner, you’ll have a say in how the condo corporation runs and can be elected to the board of directors. Another advantage to having neighbours close by is that you’ll always have someone there to check on your place when you travel, which will help make your next vacation even more relaxing.
6. The Turn-Key Factor
Many buyers find themselves compromising on a less-than-ideal place that needs to be fully renovated or upgraded before they move in, simply because it’s in their budget. But when you buy a condo – especially a new- or pre-construction unit – you’re getting a modern move-in-ready home on day one. All you have to do is style and paint to match your tastes, and you’re home.
Head over to my Condo Living page to learn more about the benefits of living in a condo vs house. If you’re ready to start the search for your next home, let’s talk.
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