Posts tagged buying a new condo
How to buy a condo for the first time

If you're a potential first-home buyer, then you know just how confusing the property market can be. This is especially true for condos, which offer a number of fantastic opportunities but also present a range of complex challenges. Whether it's understanding different types of condos, researching locations, or analyzing amenities and fee structures, you always need to do your homework before you make a purchase.  

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Steps to buying a condo

Are you thinking about buying a condo? Do you understand the steps involved? While purchasing a condominium doesn't have to be difficult, new buyers often feel overwhelmed by the choices they have available. From making a budget and saving for a deposit through to comparing buildings and mortgage providers, let's take a look at the individual steps you need to take to become a new condo owner.

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Disadvantages of buying a condo

Condos are often seen as a clever new choice in real estate. Not only are they more affordable and easier to access than conventional dwellings, they also provide numerous lifestyle benefits. For example, condo residents generally have access to amenities such as gyms and pools, along with shared outdoor spaces, parking, reliable utilities, and modern Internet infrastructure.

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Buying a condo as an investment

People buy condos for many reasons, with some people wanting to secure a home for their family, some wanting a way to generate regular rental income, and others looking for long-term capital investment. Whether you want to rent out your condo, sell it on for a profit, or both, buying a condo as an investment is very different from buying one as an owner-occupier.

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