With the condo market continuing to boast a strong track record in Calgary, we thought we’d explore the great reasons to purchase a condo. There are many advantages to consider when purchasing a condo for the first time, or simply buying your next one.
“One of the great advantages to owning a condominium is that in most cases, it is owner-occupied and owner run. Owners ensure their investment is maintained and regard improvements as an investment which increases the value of their individual unit,” says RE/MAX Canada on their website.
Here are some great pros to purchasing a condo:
- protection from rent increases
- monthly cost of owning is often less than renting
- availability of amenities such as: swimming pool, tennis courts, hot tubs, saunas, whirlpools, exercise facilities, health spas, sun decks, community rooms, etc
- freedom to make interior changes and enhancements to your unit
- enhanced security availability and peace of mind when leaving unit unattended
- maintenance and upkeep is kept down or eliminated
- security of tenure and permanent occupancy
- very marketable
- participation of owners in operation of development including budgeting, decision making, determination of rules and by-laws.
Do you have a question about purchasing a condo, or the condo market in Calgary? We’re happy to answer your questions any time, simply contact us!
