Benefits of Living in a Condo

1. Benefits of Living in a Condo When people are searching for a new place to live, they often come across a variety of listings for apartments, houses and condos in downtown Edmonton. There are a few differences in the different types of housing, and there are quite a few benefits of living in downtown condos in Edmonton over apartments or houses. Shared repair costs When a person chooses this style of housing, they are choosing to be part owner of a building. This means that instead of paying the full cost if the building needs a new roof, they will only pay a percentage of it, or this will come out of their ownership fees so that they do not have to worry about it. It’s a nice mixture between an apartment, where tenants do not pay at all, and a house, where owners pay the full cost of repairs. No more outside work This is one of the biggest advantages that those living in condos in downtown Edmonton enjoy. Owners usually pay a small monthly fee that covers the cost of hiring people to maintain the yard, keep the bushes trimmed and shovel snow in the winter time. Owners do not even need to own a lawn mower or snow shovel most of the time. In addition to that, those fees often cover costs to other outside repairs, such as broken lawn ornaments or other things that keep the property looking great. It can be a huge relief for those that are not able to do this work due to health problems.

2. Gates and locks Most condos in downtown Edmonton offer the added security of gates or locks with pass codes so that only certain people can enter the property. Many owners enjoy this additional security because it means that less people can break into the property, and it means that they do not have to deal with too many people, or things like loud parties, on the property. It also creates a sense of community among the people that live in the gated community. It brings together those that live in the area so that they feel more like a family. Financial advantages Among the other benefits, there are some financial advantages to purchasing condos in downtown Edmonton. Often, the mortgage for these is the equivalent of paying the rent on an apartment or cheaper. This means that once that mortgage is payed off, owners can enjoy only paying their monthly fees versus renting an apartment and not really gaining anything. The ownership is more than just another piece of property, too. It is an investment. Over time, the housing market tends to fluctuate, meaning that prices rise and fall. If owners want to sell when the market is good, they can make quite a bit of money if they choose to sell. Overall, this option has a few distinct advantages when it comes to ownership that people simply do not get when they own a house or rent an apartment. On the other hand, this decision isn’t right for everyone. It’s important that potential buyers conduct their own research to determine what is right for them. About Us: Bentley Luxury Condos bring the elegance of European design to the beautiful area of downtown Edmonton. The exterior of the latest condo is comprised of brick and steel for additional durability and a luxurious look. The interior of this high rise will surpass the highest expectations. Gleaming hardwood floors and carpeted bedroom floors provide the perfect amount of both comfort and style. They pay attention to the smallest detail to guarantee perfection in every condo. Residents can select from various finishes and floor plans, guaranteeing that their new condo matches their personal style. Check out their website for more details here: http://bentleyluxurycondos.ca/features/