The trend of buying a condo has come a long way. People these days prefer to live as you can get almost everything at foot distance. Plus, you get the joy of owning a home without worrying about several things that you have to deal with in single-family homes. There are numerous factors that make it better than other homes and apartment and the most noticeable of all is affordability.
The best instance of perfect condos is is ‘Sugar Wharf Condos’ which is a project by Menkes Developments Limited in Toronto. It is going to be completed in 2022 and the amenities they are offering is everything you might want. This luxury real estate development project is comprised of 1,078 one-bedroom units, 593 two-bedroom units and 191 more than two bedroom lodgings and 65 bachelor suites. The amenities include a four-level underground parking garage. This area will accommodate 416 parking spaces for the residents and 62 parking spaces for the visitors. Not to forget the bicycle parking slots that are 1971 in number.
This is actually a post-industrial waterfront property which is now going to turn into luxury condos in near future. That would be a multidimensional destination, where people can come to work, live, or play. You can find almost everything just a few steps away. It includes restaurants, shopping malls. Plus, you would have access to the places like Sugar Beach, Sherbourne Common, three marinas, wave decks, the Water’s Edge Walkway, and a lot more. Get registered now to call this luxurious area a home.
If you are buying condos somewhere else, there are some things you should know about what it would be like to be a resident in there. Read the article to get to know these:
One of the reasons folks love living in condos is the shared responsibility. This features attracts people that you would not be alone to deal with repairs and insurances. In most condo communities there are associations who bear the responsibility for managing repairs and upgrades of building’s windows, roofs, and sidings.
Many parts of the home’s structure are already covered by the condo association’s insurance policy. Therefore, condo’s owner can find a cheaper insurance than the owners of single-family homes of the same worth. It basically depends on the insurance policy condo association has purchased. You should always review the master policy to know how much discount you can catch on your insurance. Ask an independent agent for their opinion before you make a deal. He can guide you regarding the purchase of the best policy.
Condos can prove to be a right decision if you are looking for an affordable dwelling. This would cost you less than a single-family house. The price difference goas in thousands for the same size condo as a separate home. If you really want to become a house owner, but your pocket is not allowing a house with backyard and fencepost, condos can make your dreams come true without breaking the bank.
Condos are Subject to Association Rules:
As a resident of a condo, you will be required to comply with the association’s rules. Rules can be different in different associations but it is not unusual if they ask residents to turn down the music after a specific time. At some places, they may require you to leave pets outside. Do not forget to go through the rules of association before making a purchase. It may include things you don’t like or you cannot stand with.