Whether you are looking for a first house, buying a second home or simply looking to invest in property, there are a plethora of options out there. For one, the type of dwelling you invest in makes all the more difference regarding the type of people you will be surrounded by or the kind of renters you will get if you are planning to rent it out. With more people looking to downsize or own property, guelph condos offer the security of an apartment with many additional features that you will find in individual houses. Condos have been steadily gaining popularity according to www.zillow.com.
The word con can refer to a variety of multi-use buildings including townhouses, houses built over shop fronts and duplexes. Freehold houses are different from condos in that you share the ownership of the building, the land and other common spaces with the other residents in the building. However, everything within your flat is yours to do as you will, including painting the walls and changing up the interior decoration, something that cannot be done in a rental. The cost of maintaining and managing the amenities of the condo are split between the residents.
For example, the cost of pool and garden maintenance, service of gym equipment, replacing exterior elements like roof tiles and security details are set by a board of directors who help with the upkeep and making executive decisions on behalf of the residents. While the upside of this is less for you to worry about, even amenities you do not use are charged to your monthly bill if someone else utilizes them or it is actively available for the residents to use. Many people tend to overlook this fact if they do not wish to invest the time or effort in keeping nonessential things running smoothly. It also helps remember that most insurance only covers the common areas and you will need to apply for a house insurance to cover your specific flat from fire and water damage.
The upside is the number of amenities available to residents. Most come equipped with a gym, a swimming pool and a kids’ playground. Many high-end condos have theatres, a mini mart an even a doctor on call. Many high-end condos also hire a security guard to make sure guests always feel safe. When you think about it, setting up a pool or a home theatre in a freehold house will always be more costly than he monthly maintenance bill of a condo.
Condos come in many sizes, depending on their location. While some may be simple single-floor two bedroom affairs, others can have multiple stories within each flat itself and still be several stories high. Condos are great for people who travel as they offer excellent security and can be bought at a more nominal price than a freehold house in major locations. For many people, condos provide the structural freedom of a house without the worries that come with it. Deciding whether a condo life is a smart choice depends on what you consider its advantages are.