Condos: Why They Are Better Than Houses

Our idea of a successful adult is someone with a full-time job, a stable family and a house in the suburbs. This image is usually what comes to our mind when we mention being financially successful. However, after the housing crisis, a lot of people have become hesitant when it comes to buying houses, and the fact that the price of houses has increased exponentially also does not help this case. So, the number of houses that are being bought annually has been decreasing over the past decade.

At the same time, we also understand that permanent property ownership is necessary since it adds to a sense of security. This is where condos come in, because they are another means of permanent property investment, and they offer a lot of other advantages over houses as well. If you are interested in finding a condominium, you can check out the Victoria Sur Le Parc Condo project.

  • One advantage that condos have over houses is that they are a lot more affordable, even in the long run. Their overall price is lesser than a house’s, and even if you consider the additional monthly Home Owner’s Association fee, it is affordable since that money goes into maintaining the outside of the property and other general costs that you would have to pay when maintaining a house anyways.
  • Condos are also located within the city, so there is the added convenience of having everything like stores, shopping centers and offices being nearer to you, saving you time and money on travelling from place to place.
  • Lastly, condos offer additional amenities to all of its unit owners like security and surveillance, parking, a concierge, fitness centers and so on. So, you know that you are getting your money’s worth when paying and living in a condo.