There are many things to consider if you are thinking of purchasing a condominium.
Everything from your lifestyle, age, hobbies, income, all can play a part in your decision. If you are 35 years old, are a spouse and the parent of two young children, own a dog, two cars, and a Recreational Vehicle, then a condominium may be out of the question for obvious reasons.
However, if you are busy single person or a couple with no children in your immediate future, and want a simple lifestyle, then a condominium may be right for you.
Seniors also may find a condominium to be a great choice, especially if they have tired of the upkeep of a house and grounds.
If you travel often and for long periods, a condominium can be very appealing as you can walk away from your home with little worry of maintenance or security issues.
Lifestyle definitely plays a large part in whether or not a condominium is right for you.
Some people buy into a condominium only to find it is not for them. The more investigation you do into condominiums, the better prepared you will be.
Carol Burke is President of the NL Chapter of the Canadian Condominium Institute
(709)757-3721 or (709) 682-1118
Watch for the next in our Series of Blogs on “All Things Condominium”