You might be thinking that it’s time to get a real home after years of renting an apartment. The money that you have been saving up will be enough for a down payment and your folks have promised to give a fair share.
Starting your search through the internet for great Toronto real estate deals is a good starting point to compare prices. Anyway, a condominium is the most affordable way to have your first home. However, before you decide on some issues, there are a few things that you need to ponder on when hunting for your ideal home.
What does it mean to own a condominium?
While having your own title for the unit that you bought, you will still share the responsibility of the maintenance for the rest of the property. These are the areas that you communally use such as the parking areas, pool, garden, and the hallways. Although most condominium unit owners prefer to pass the obligation to the corporation, bear in mind that this will be shared by all those who own units.
Will I be bound by rules in my own property?
There will be some conveniences that you have to compromise if you want to own a condominium unit. For instance, you might not be allowed to use your barbeque grill since this will cause hazard in your place. In addition, some condominium units maintain a set of rules on pets or car washing.
Should I buy a new unit or the one on resale?
It depends on your preference. A resale unit is usually cheaper as compared to the new one. Just remember that if you are deciding on Mississauga condos for sale, you should inspect the units thoroughly to see whether they are well-maintained or not.
Starting your search through the internet for great Toronto real estate deals is a good starting point to compare prices. Anyway, a condominium is the most affordable way to have your first home. However, before you decide on some issues, there are a few things that you need to ponder on when hunting for your ideal home.
What does it mean to own a condominium?
While having your own title for the unit that you bought, you will still share the responsibility of the maintenance for the rest of the property. These are the areas that you communally use such as the parking areas, pool, garden, and the hallways. Although most condominium unit owners prefer to pass the obligation to the corporation, bear in mind that this will be shared by all those who own units.
Will I be bound by rules in my own property?
There will be some conveniences that you have to compromise if you want to own a condominium unit. For instance, you might not be allowed to use your barbeque grill since this will cause hazard in your place. In addition, some condominium units maintain a set of rules on pets or car washing.
Should I buy a new unit or the one on resale?
It depends on your preference. A resale unit is usually cheaper as compared to the new one. Just remember that if you are deciding on Mississauga condos for sale, you should inspect the units thoroughly to see whether they are well-maintained or not.
