Four Popular Myths about Condo Living

Condos the perfect blend of luxurious lifestyle, convenience and communal living is an extremely popular choice of cities dwellers. However, like every there things around us, we ought to hear a lot of opinions related to condos living. So whenever you evaluate the advantage and disadvantage of condos you come across various myth and misconception of condominium ownership. This often keeps potential buyers away from considering condos. To help them out, Here we have uncovered some of the most common myths about buying a new condo development by tribute communities. 

Condos Are Not Affordable: This is the most popular misconception that surrounds the condo investment. Many people favor a single house or apartment over condos emphasizing that single buyers or a couple cannot afford them. However, it is far from true, buying condos such as Y& S condo in Toronto in various cases are a more affordable and desirable choice.

The Occupancy Date Will Be Delayed: there is a strong belief in the market that when you buy a new condo development by tribute communities at the initials stage of development you have to wait long to step into the unit. Though one cannot deny that sometimes development or some legal issue can delay the occupancy date to some month but it is not always the case. By proper researching and choosing the reputed company you can avoid this issue to some extent.

You Don’t Have Privacy In The Condo: Privacy and security are the priority of condos so they In addition to allowing you to live and socialize with the other people living with you, keeps your privacy at upgraded. Today, many condos like Y & S condo in Toronto present you with an amazing feature that maintains your privacy while you live in proximity with others in a community.

Condos Units Are Tiny and Less Spacious: People also believe that the Condos are less spacious and cramped thus they are not a suitable option for a large family. However, when you look around there are various new development condos in Toronto that offers the same space as single-family homes.

Have more questions about investing in condos? Then your wait is over, we at Y& S condos Toronto are here to assist you with everything related on condo buying and investing process on our website.

          

Why Condo is A Good Investment?

For the people living in metro or big cities, condo living is the best option which is at high rise these days.  Selling at an affordable price and offering access to all the luxurious amenities, luxury condos for sale in Toronto are the popular choice for people looking for a high-quality of living. However, from an investor’s point of view, condos are somewhere similar to owing a house or an apartment. Meanwhile buying them is just like other real estate property investment. Now the question arises that, “is condos a good investment”?

The answers to question differ from the different viewpoint and remain debatable all over the industry. Some real estate investors will favor them and wanted to try hands on this investment while others like to keep distance with them. Thus, to delve deep into the subject that matters, we need to understand all the aspects of the investment.

Freedom From Maintenance And Repairs: When you buy a new condo like cru 11 Yorkville condo in Toronto, you are typically buying a property which will not require repairing in the initial years. Another benefit of the condo is freedom from maintenance. Condos generally have a homeowners association (HOA) that looks after everything related to maintenance of the building and amenities in return of condo fee.

Source Of Rental Income: One of the major benefits of investing in condos, as a real estate investors is that, you can rent it out for a certain period time, renting out your condo, when you are not living into it and also when looking for the good time to sell it out allow you to generate extra source of income.


More Affordable Than Apartments And Single House:  When you buy a small-sized condo at a prime location, they are in many ways more affordable and offer a good value for your money in comparison to buying a single-family home in the downtown. The condo property will offer its owners to various exciting amenities and features that you don’t get in the detached home of the same price range. This makes condos the best place to invest money in recent time.


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All About The Condo Fees And What It Covers

With affordability and the excellent style of living, condos have become popular than ever. Condominium living is the most pleasant option that upgrades the quality of living with the number of luxurious features involved. Compared to a single home, Cru 11 Yorkville condo in Toronto offers the benefits to live with more amenities and the best locations at a very affordable cost. These costs include the cost of buying and monthly maintenance fee.

However, unlike the single home, paying condos fees will give you ownership to the interior of the unit while exterior amenities are shared among all the members living in the building.

Condo Fees: Condos are well known for their feature and amenities however all these features come with a responsibility. The condo owner in return of these shared amenities in the building had to share the responsibility to look after them through a provision of paying the expenses of building maintenance and repair with insurance. These common areas include shared space such as swimming pools, sports clubs, hallways and lawn or garden.

What The Condo Fees Cover: Prior to buying new development condos in Toronto, it is important to understand its complete monthly fee structure and what all it includes. One must note that condo fees cover every expense of staff wages, amenities, contingencies and utilities and this is shared among all owners. This makes it more feasible than managing all these expenses by own. In addition to the building amenities, the condo fees also cover expenses of other common areas like gym and clubs.

Average Condo Fees: Condo fees considerably vary from location to location, the design aspect of the building, with renowned brand and developer team involved, floor size of the apartment, size of the building, luxurious amenities in the building etc.

Conclusion:Consider the above factors related to condo while finalizing new development condos in Toronto for your personal living or investment purpose. This will help you become a smart buyer and let you choose the desirable lifestyle at the best price. 

Reasons Why Living In Condos Is The Right Choice For You

The number of people moving to urban areas has pushed the extinction of living spaces. This is where condo such as cru 11 Yorkville condos comes up as a smart solution. Though purchasing anything single-family house, a rented apartment or a condo is a crucial task that needs to be considered carefully. All of these have their pros and cons, but we consider condos living to be a more affordable option. Hence to help you out in making the right choice, we bring to you all the important benefits of living in condos.

Offers The Number Of Amenities:Condos come with the number of amenities. At cru 11 Yorkville condos, we offer you a sports club with a pool, a basketball court, baseball court, a garden, theatre room, gym etc. We also encourage the community to live together and socialize while sharing all these amenities.

Shared Cost: When you buy a pre-constructed condo in Toronto, a part of the fees goes to the reserve fund. This reserve fund is used to manage major repairs and maintenance of condos. In a case when reserve amount gets short, the entire member in the community will share the cost of maintenance.

Ownership Benefit: If you want to invest in property or to buy a new house, condos are the best choice. Condos allow you to own your place without paying rent. They also allow you to upgrade the place as per your preference and access to various amenities to socialize with one another.

Freedom from maintenance: The biggest advantage of buying pre constructed condos in Toronto is freedom from maintenance. You need not consider periodic maintenance, inputting your money, time and your comfort. Your single monthly condo fees allow the access to all these services.

Conclusion: At cru 11 Yorkville condos, we offer our member with all the world-class amenities, luxurious features and security. Hence, rather than taking the risk of wrong investment, it is wise to invest at right place. Pick an option that can perfectly meet your family’s living requirements.