No matter what major city you might be in throughout the world, it's likely that you don't need to go far before finding a condominium complex in construction. In Toronto for example, you can find new downtown condos for sale along the waterfront or on Bay Street and can find high-rises in cities like Dubai that are breaking world records. They are changing the face of modern architecture and are now in the running for the preferred living choice for those living the downtown life. And you might still be wondering why they are so popular. Here are some of the reasons why you might want to consider a Virginia or Toronto condo for your next home.
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You get some of the benefits of renting without paying into someone else's mortgage. When you're renting an apartment downtown you don't need to worry about things like finding someone to fix the roof when it leaks or mowing the lawn on your relaxing Sunday afternoon. Most of the Boston or Toronto condos that you will find will come with some sort of management team or condo association that handles repairs and the chores for the common spaces. And while you're sharing some areas, you are still the sole owner of your unit, making that your personal equity.
Whether you're looking at Vancouver lofts or for a home in downtown Los Angeles, you have to admit that you are paying a lot more for square footage in central areas than you would in the suburbs. Condos were created as a more cost efficient way to still live at the centre of it all even if you're not making a six figure salary. The units might be a little smaller than a single-family home but most of them will make excellent use of every square foot that you do have.
You can't beat a few amenities close to home. Many of us have many places that we need to go in a day and you don't want to spend lots of time driving around just getting from point A to B. Many condo complexes now come with gyms, stores, and even dry cleaners right in the building. As well, there are some with entertaining spaces that you and your friends and family can make use of whenever you like. This is one of the reasons that many people embrace the condo community life.