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Owning Toronto Condo

April 19, 2013

The Pros and Cons of Owning Toronto Condos

A lot of people that are ready to make a change in their lifestyle are wondering what life would be like in a condo. Here are some of the pros and cons of making this change that you may want to consider.


The pros

Condos are fun and new and deliver exactly what is promised. They offer a carefree lifestyle inside a clean environment where there are fewer responsibilities on your plate for maintenance. You'll have freed up some of your time to do better things rather than repairing small problems in your home or mowing your lawn.


There can be a lot of social pros to living in a condo as well. You'll be surrounded by other people that also have freed up their time and there are usually events and activities that pull the building residents together. If you're the type of person that loves to socialize and be close to others, you're going to enjoy the condo experience immensely.


The cons

Before you move into your condo you're going to have to downsize your possessions to make sure that you can fit everything into the unit. This can be a difficult proposition for many especially older people that are moving from a large family home into a small condo. On the bright side though, many people do get used to the smaller amount of possessions. If a person really does have a difficult time getting rid of them, a storage unit can be rented either in the building or in an area close by.


In exchange for your freed-up time you're going to have to pay condo fees. These cover the costs of maintenance on the building in the common areas and any of the amenities that are part of the building. If the condominium property has a pool, for example, the condo fees will help to pay for the cleaning and maintenance of it. Whether you use the pool or not isn't an issue - you will still have to pay the condo fee like everyone else.


Are you interested in owning Toronto condos to experience some of the freedom that comes along with them? If so, we'd love to hear from you. We're also here to answer any questions you may have. A lot of real estate agents own a condo and can tell you firsthand what it's like to live in one.

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