Calgary Condos have played an important roll in Calgary's growing Metropolitan. It has provided an affordable atlternative for 1st time home buyers. It has also catered to those looking for a lifestyle change. Whether it's for downsizing, low maintenance or the convienience of amenities, Calgary condos have come to play a big part of Calgary real estate. Whatever the reason for you at consider a condo lifestyle, it is important to consider and understand what is involved in condo ownership.
Advantages and Disadvantages of Condo Living
Some of the Advantages include: Low maintenance, Easy access to amenities such as excercise rooms and party rooms
(depending on the condo)
Understanding Condo Rules, Restrictions and Fees
Condos provide a unique living arrangement where you are provided with your own living space accompanied by a common use area. It is important to understand every condo building has a set of Rules and Restrictions with the intention of providing a better living condition for everyone in the building. However Rules and Restrictions are so unique between between different buildings make sure to research if it suits your lifestyle. For eg some condos allow for pets while others dont. Some condos may not allow certain renovations such as hardwood. Condo fees are an additional expense associated with almost all condos. Condo fees are calculated based on unit factors (based on size of your unit). However all condos fees are variable based on the expenses of your condo building. Condos fees are typically used to: insure the building, provide adequate maintenance in common areas, be deposited as reserserve fund. Some cover heat and electric while other dont cover any. Again condos fees cover different things based on the building so be sure to check.