Real estate is one of the most lucrative investments today and will be tomorrow as well. While a lot of things have to be considered before you decide what property to invest in, a Calgary condo is one of the most popular and lucrative real estate purchases you can make today. This makes condos one of the best real estate investments on the market in almost any city or town across the country.
Here are some of the advantages of buying a condo as a real estate investment.
Calgary condos are generally priced lower than other types of houses, although there are some exceptions to this rule when it comes to luxury condos. This price advantage makes condos a good buy for first time investors because it translates to a lower mortgage and easier access to financing.
Variety of condos
Condos come in many different varieties, styles, shapes and colors. Some condos are lavishly designed and modern while others feel very homey with a traditional look. You’ll have the choice of selecting a condo that fits your personal style.
Most of the landscaped areas of a condo property are shared or common areas. A condo owner is not required to take care of this area. Most condos have homeowners’ associations that take care of common areas and management of the property. If you do not enjoy gardening and mowing lawns, a condo will work well for you.
Interaction with other owners
With a condo property, it is much easier for different homeowners to interact and socialize. Children often have common playgrounds and swimming pools where they can play. The homeowners’ association is also a good place to network with other condo owners. You do have the choice, however, to get involved in social activities with others or keep to yourself. If you enjoy socializing or you want your children to have playmates and friends, consider buying a condo. Interactions can tend to be much more limited in stand-alone homes.
These are some of the major advantages of buying a Calgary condo as a future investment. If the lifestyle of a condo seems attractive to you, the odds are good that this will be a great investment for you to make.