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Benefits of Condo Ownership

Blog by Matthew & Robert Johnston | February 16th, 2018

Benefits of Condo Ownership

When thinking about purchasing a place to live, it can be very hard to decide if you want to buy a home or buy a condo. If you are thinking about purchasing a condo, we have put together the top benefits of being a condo owner. These are some of the top benefits our clients see from buying a condo: 

  1. Insurance Costs - When compared to buying a home, a condo can have much lower insurance costs. Buying a home means you are responsible for both the inside and outside of the home, so insurance costs can be higher. With Condo ownership, most of your insurance will be covered in your condo fees, so you generally will need insurance just for the interior of your place.

  1. Low Maintenance Living - One of the biggest benefits of condo ownership is that you don’t have to worry about constantly shoveling snow or mowing the lawn! As a condo owner, you will pay condo fees (which vary between condo buildings) and this will generally cover the costs of any maintenance work that needs to be done. However, you should beware that condo fees may not cover everything, such as unexpected repairs!

  1. Location, Location, Location! -  With condo ownership, you get to live in some of the best locations in the city! In Barrie for example, there are tons of great condos that are close to transportation, downtown, shops, grocery stores, restaurants and even waterfront! You get to experience prime neighbourhoods that can be very expensive to purchase a home in.

  1. Savoring The Amenities - Purchasing a condo means you get access to a wide range of some awesome amenities! In Barrie for example, condo buildings feature amenities such as; hot tubs, games room, fitness rooms, rooftop patio, sauna, and even an entire forested park for owners to enjoy!

If you are thinking that condo ownership would be ideal for you, contact our team today! We specialize in buying, selling and renting condos in Barrie. Our team will professionally navigate you through every aspect of buying, selling or renting your condo. Call us today at 705-739-3432 to learn more about how we can help you!