What should I expect?  

 

As a condo owner, you can expect many of the following perks:

  • Fewer maintenance and repair responsibilities (condo corporations typically take care of things like mowing the lawn, trimming the bushes, removing snow, and similar tasks)
  • Access to on-site amenities and common areas, where available, along with activities geared towards specific lifestyles/demographics
  • Enhanced security features in some units
  • Fire safety precautions and a system for dealing with floods and other natural calamites
  • Desirable location
  • A Home Owner’s Association (HOA) to help establish rules and mediate conflict when it arises  

Some aspects of condo life are less predictable, including:

  • The timeline for completing maintenance and repairs (timelines are usually established by the condo corporation but are not under the control of the individual condo owners)
  • Special assessment charges for unexpected repairs
  • Personalities and preferences of condo owners living in close proximity
  • Possible restrictions on things like parking, smoking, pet ownership, noise levels, doors, and window coverings

Overall, you can expect condominium living to be an appealing housing option. It’s typically more affordable than single-dwelling living (especially in urban areas with a high cost of living) and someone else handles much of the maintenance and repairs.

 

What should I expect?  

 

As a condo owner, you can expect many of the following perks:

  • Fewer maintenance and repair responsibilities (condo corporations typically take care of things like mowing the lawn, trimming the bushes, removing snow, and similar tasks)
  • Access to on-site amenities and common areas, where available, along with activities geared towards specific lifestyles/demographics
  • Enhanced security features in some units
  • Fire safety precautions and a system for dealing with floods and other natural calamites
  • Desirable location
  • A Home Owner’s Association (HOA) to help establish rules and mediate conflict when it arises  

Some aspects of condo life are less predictable, including:

  • The timeline for completing maintenance and repairs (timelines are usually established by the condo corporation but are not under the control of the individual condo owners)
  • Special assessment charges for unexpected repairs
  • Personalities and preferences of condo owners living in close proximity
  • Possible restrictions on things like parking, smoking, pet ownership, noise levels, doors, and window coverings

Overall, you can expect condominium living to be an appealing housing option. It’s typically more affordable than single-dwelling living (especially in urban areas with a high cost of living) and someone else handles much of the maintenance and repairs.

 

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