Buying a condo can provide the ideal housing opportunity for certain families while others simply cannot imagine investing anything other than a single-dwelling home. However, condo ownership can—and does—have its privileges. And as with all things good, there are a few aspects of the condominium lifestyle that won't appeal to all buyers. For potential Canadian home buyers still weighing the pros and cons of condos, here are a few top considerations.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Enjoy a Low Maintenance Lifestyle… But at a Cost
The fact that most of the exterior and common area maintenance is handled by a Homeowner's Association
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A home inspector can find potential safety hazards in a home, such as black mold in a bathroom or frayed electrical wiring in the wall. However, inspectors may still miss important elements due to the restrictions of the inspection. For a home buyer to really understand the report the inspector fills out, buyers should keep in mind the following tips when hiring a local professional to look at the home they plan to buy.