Condo Buyers Guide
Are you thinking about buying a home, but aren’t sure what specific type of housing you should look at? RE/MAX Crest Realty Richmond suggests that you consider one of the many affordable and luxurious condos that Vancouver has to offer. We present you this condo buyer’s guide to help you start your search for a home that meets your needs and budget and help you make an informed decision.
Condo Concept: A Background
Contrary to popular belief, a condominium refers to a specific type of property ownership, as opposed to a type of property. Buying a condo means buying the title to a unit in a multi-unit property. Along with the other tenants and owners in the building, you will share ownership of the land, and other communal properties. High rise buildings or townhouses – which are the usual settings for condos in Vancouver – have elevators, parking places, heating and cooling systems, as well as recreation and landscaped areas.
Advantages of Owning a Condo
Whether you’re a first-time buyer or a seasoned hunter of a residential property, you can look forward to:
Lower Prices – Condos have a lower capital outlay than other types of real estate options. As such, people who are looking to invest in their first ever property will have an easier time with their finances.
Security and Comfort – As gated properties, condo units offer protection and convenience to their residents. You can go to bed safe with the knowledge that not just anyone can enter your home. You will also have the added benefit of finding activities and amenities that are good for the entire family.
Independent Management – Condos are, in some cases, owner-run and owner-operated. You don’t need to worry about adhering to a set of rules from any property management team. What you intend to do with your unit is entirely up to you.
Buy Your First Condo Now
If you’re interested in purchasing a condo, RE/MAX Crest Realty Richmond is committed to helping you get the best one for your investment. An established name in the real estate industry in Vancouver and the surrounding areas, our company has an experienced team of associates that can guide you toward finding the perfect condo.
Call RE/MAX at 604-612-1000 to learn about the many condos in Vancouver we have to offer. For more information on our service areas in Vancouver, Burnaby and Richmond, Canada, and the province of British Columbia-Greater Vancouver Area- click here.