Whether you are looking to downsize your home, desire a beautiful vacation property, or simply want to move, a condo may be worth your consideration. However, condo living is much different than other types of housing. Let’s discuss the many pros and cons of purchasing a condo in Markham to help you determine if it’s the right move for you.
Low Maintenance: If you hate worrying about the maintenance and repairs that are included with homeownership, condo living should be at the top of your list. When living in these buildings, professionals are hired to take care of all the issues you may have with your home. You don’t have to worry about a thing.
Purchase Price: You can purchase a condo for considerably less than a single-family home. This makes condo living an excellent option if you are not in a financial position to purchase a large home but want to build equity.
Additional Amenities: Depending on the condo community in Markham you choose to live in, you may have access to a clubhouse, pool, fitness center, and other amenities that you would not enjoy when living in a single-family home.
Maintenance Fees: While you don’t have to worry about lawn care, fixing the broken railings, or maintaining your exterior paint, these services and repairs do come with a cost. You will likely pay monthly fees to maintain your condo’s community. This is an additional charge on top of your monthly mortgage payments.
Close Neighbors: Condo living is similar to living in an apartment building. You will have neighbors sharing walls with you and individuals who live above or beneath you. With the close proximity to your neighbors, you will need to keep your own family members quiet and hope that your neighbors do the same.
You are More Limited in Upgrades and Home Improvement Projects: While you own the condo, you may still need to seek permission to conduct certain tasks and upgrades to your home such as installing certain window treatments or placing a clothesline across your patio. Each condo community will have their own set of guidelines you will need to adhere to and be familiar with.
If you are ready to find the perfect Markham condo or want to discuss other housing options in the area, contact real estate agent Martin MacFarlane today. He can help you find a house that meets your lifestyle and will make you happy.