By: Louis & Carmela Kapeleris

Advantages and Disadvantages to Buying a Condo

Tags: Advantages, Disadvantages, condo buying


As Single Family Home Prices have risen, many Consumers are looking to Condominiums as an Alternative.

First time buyers like the lower prices, which makes entry into the real estate market easier.

Seniors like the low maintenance aspect and the ability to be in a community catering to their lifestyle.

Others like the security advantages that the building provides, especially for those who travel frequently.

When you purchase a condominium, you purchase and have title to your own individual unit in a multi-unit property, and share in the ownership of the land and other common property with all the other unit owners. Some Condo projects are more successful than others in terms of Capital Appreciation and length of time to sell. One of the Advantages to Condo Ownership is Monthly cost of owning is often less than renting and there are no rent increases.

Another advantage is Owners often ensure their investment is well maintained with improvements which increases the value of their own individual unit.

You can leave your mind at ease, without the worry of a driveway to clear in the Winter or in the grass to cut in the Summer.

You have availability of amenities such as swimming pool, tennis courts, saunas, whirlpools, exercise facilities, health spas & party rooms ( to which the cost may not have otherwise been affordable)

Due to a larger concentration of people you may experience problems with the "5 p's”, pets, parties, parking, personality and people.

But most importantly, You have pride of ownership, freedom to make interior changes and enhancements to your unit while investing in your own home and building Equity!

For more information or to receive your Condo Buying Guide, email us at Rogers TV or info@kapeleris.com