Toronto Condos Make A Smart Investment
Once you make the decision to invest in real estate, you have to figure out the type of property you want to focus on. There is something to be said for condos. Unlike apartments, however, you own your private condo unit. Membership of a condo is obtained by buying the shares on the open market, most often through a real estate agent. It was soon learned that freehold flats were an unsatisfactory form of ownership because it was not possible to impose essential maintenance requirements.
You pay a monthly homeowners association (HOA) fee each month, on top of your mortgage, which goes toward the upkeep of the property, as well as future investments such as parking lot resurfacing or the addition of a dog park. Living in a condominium apartment is all about choosing a different lifestyle.
Condos and homes have both benefits and drawbacks for people about to retire. …