The first step to a good condo experience is buying a condo.
The condo rental industry is in a state of flux, but there are several key things you should know before you make the move.1.
How much can you afford?
The average price of a condondo in Calgary is about $1.2 million, but that is only for single-family homes.
You can pay a little more for a condomeur, but the average cost is closer to $3 million.2.
What are the amenities?
The main draw for a condo owner is the convenience of living in a large, spacious building.
Most condos also offer fitness facilities, a pool, and private balconies.3.
What do you get for your money?
You get a variety of amenities including: a heated, air-conditioned living area, a gym, and an outdoor deck with a view.4.
What if you want to sell?
You can make a lot of money selling a condo, but it’s also important to understand the potential losses you will be putting on your home.
Most buyers can afford to pay about $5 million for a new home, but if you don’t have much money in the bank, you may be better off buying a new condominium instead.5.
Is there a guarantee that you will make money?
Condominiums are a great way to make a down payment on a new place to live, but they are not guaranteed to make money.
If the price of your condominium goes up, you can lose your home in a hurry, so be sure to research the pros and cons before you commit.