Homeowners are continuing to trade space for convenience and moving to downtown condos, and we already know why condos are a great choice. But, a recent survey of millennials found that 86 per cent feel it’s important for their city to offer opportunities to live and work without owning a car. Perhaps that’s the reason why the car-less East Village condo development was approved earlier this month, because of this growing trend.
The condo market in Calgary is consistently strong, and currently breaking records, so 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.
Advantages to condo living:
- 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 bylaws.
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.” – RE/MAX Canada
Do you have questions about the condo market and buying or selling a condo? Feel free to contact us anytime. Alternatively, you can always reach us on Twitter.
