6 Reasons to Buy a Condo

Suppose you want to purchase a property in a specific area or otherwise. A new house might be out of your price range, but a condo could be a perfect alternative. They are generally more affordable than a house and would allow you to live in your ideal location.

1. Price

There are many reasons why purchasing a condo is better than renting—and it’s no secret that condos are often priced lower than detached homes. 

Condos are slower to appreciate than houses, but gaining equity will help your credit score, and it would be possible to use the equity to upgrade to a home in a few years.

2. Amenities

Condo life has a lot of opportunities to be closer to your favourite shopping, gym or eateries that you usually couldn’t afford to live near in a house.

3. Ideal Location

Not only will you be closer to your favourite amenities, but it’s also easier to find a better location in a condo. Choosing a higher floor in an apartment condo might have great views and incredible early sunrises. Not having to drain your bank account while having the things you want most is very appealing.

4. Community

If you love meeting new people and networking, being in a condo will allow you to meet people you usually would never meet. Existing in shared living spaces is a great way to connect with other individuals and build friendships with your neighbours.

5. Security

One of the perks of living in a condo is the added security layer; most condo buildings have security desks or door systems in place to protect their residents. Neighbours can also be mindful of the happenings around the condo, and you can be sure someone lurking around won’t go unnoticed.

6. Shared Maintenance Costs

The biggest bonus of purchasing a condo is sharing maintenance fees. There are few worries about removing snow, mowing or even the cleanliness of hallways and common areas. All those worries are left to a team of people, allowing you to enjoy more of your free time. 

Bonus Tip

Our housing market in Saskatoon is still booming. There are few listings so it is a strong buyer’s market.  A condo might be a good choice if you are losing bidding wars but still looking to purchase a property. Condo fees are always a scary commitment, but they can prove to be still cheaper than detached home ownership.

Are you thinking about buying a condo in Saskatoon?

Now that you have an excellent overview of why buying a condo could benefit you, consider buying one today. Get the best location, close to the amenities you want, without the high cost of home ownership.

Your local REALTOR® can help you decide if an apartment condo or townhouse is right for you!