ALL >> Real-Estate-and-Foreclosure >> View Article
Considerations When Buying An Etobicoke Condo - What Do I Really Own?
It seems as though condominiums are all the rage in terms of housing market sales these days, particularly in cities such as Etobicoke. Condos in Etobicoke are generally very competitively priced when compared to single family dwellings, and they also enjoy the convenience of location. There are some things to think about before you purchase that condo in Etobicoke, though; let's take a look.
Potential resale value. If you take a look at the current trends in condo advertising, you will see that a major point of appeal is the modern living style that the latest condo developments utilize and embrace. It's important to understand that this is unlikely to change in the next ten years, but your ability to market your own condo as modern certainly will. New developments are going up every year, so you might have a problem fetching an appreciated price for your purchase.
Narrow market. Not only will your condo possibly lack a good resale value due to competition, but your potential buyer market will also be narrow. Most condos in Etobicoke are designed for individuals or small (one child) families. Even so, most families ...
... will choose a yard over a recreation club, so you are limiting your market. For seniors this may not pose an issue at all, but for young singles it is something to think about.
No property! Owning a condo means that you own a space within a building, with no real claim over the building itself or on the land upon which the building has been erected. Again, that is fine for many people, but those who love to landscape may find themselves pining for some space in which to work.
Decisions en masse. It is also important to understand that owning a condo means you are not allowed to make individual decisions about your living space. Even renovations will have to be approved by the condo board as a whole, so your decisions are up to your neighbours. This extends right out to the building as a whole; if you are fine living with a group decision, then you will have no problem here.
In many cases, these potentially negative considerations of condominium ownership in Etobicoke are negated by the many benefits of the transaction. Convenient locations, an affordable price, and several amenities are always appealing to certain demographics, so if condo living is right for you, go ahead and own it!
If you're looking at Etobicoke real estate for sale, you can save time by first narrowing your selection to lofts, townhouses, single homes or condominiums.
Add Comment
Real Estate and Foreclosure Articles
1. How Do I Calculate The True Value Of A Land PropertyAuthor: Yash shah
2. Navigate Properties In Bhiwadi With Your Trusted Property Dealer
Author: Shankar Joshi
3. Why Choose A Realtor With Low Commission?
Author: Rick Lopez
4. Discover Your Dream Home: Homes For Sale In Heritage Pointe, Calgary
Author: Joe Badin
5. Explore Ninex Sriflex City In Sector 4 Sohna
Author: Madhav
6. Unveiling The Charms Of Stone Ridge Of Merton Subdivision And Stoneridge Subdivision
Author: Paul Smith
7. The Eyes Of Expertise: The Importance Of Professional Building Inspections
Author: adlercon way
8. What Is The Role Of Landlord And Tenant Paralegal Services Etobicoke?
Author: Emily Blunt
9. The Important Role Of Landlord Tenant Paralegal Services?
Author: Sherya Taylor
10. The Andheri East Project By Dynamix Is A Great Investment Due To Its Location, Amenities, And More
Author: Dynamix
11. Ready Mix Concrete Aggregate
Author: SREEGROUP
12. Luxury 3/4/5 Bhk Apartment For Sale In Ivory County Noida
Author: Ankita Singh
13. Why Are Gaming Computers So Popular
Author: Jack Williams
14. A Haven Of Luxury: M3m Mansion, Gurgaon Sector 113
Author: rishap yadav
15. Luxurious Living At Ninex Sriflex City Sector 4 Sohna
Author: rishap yadav