Condos Vs Appartment

Buying a Co-Op or Town House Condo

Condos are appreciating faster than single-family homes and single unit ownership properties, the market for condominiums have been on the rise and it will only grow now, if you are planning on buying a property then you have the option of buying a condo too, and there are number of reason why buying a new condo is a very smart decision right now, if you are new to the concept of condo and you don’t know anything about condo then you should know that a condo is a privately owned individual unit within a building which also has a number of different units, it has similarities with an apartment but there are some basic things which makes the ownership of an apartment different from the ownership of a condo, condo owners would jointly own shared spaces like pools, garages, hallways, elevators and other common areas.

The most basic reason why condo market are flourishing and more people than ever are willing to invest in condos is because that you only have to take care of the interior of unit you own, the rest is maintained by professional maintenance company, when owning a huge house or an apartment, the cost of maintenance might be reason enough for us to avoid it even though the initial cost of investment is affordable.

There are a number of pros and cons of buying a condo and there are a number of things that must be considered and one should be very diligent about these important things if the right property is to be bought, make sure you weigh the pros and cons of the property itself as well as the area too, Square One District Ontario Mississauga is one place to look for great condos in Ontario Mississauga.