If you’re looking to make a move, it is important that you weigh the benefits and drawbacks of living in a condo. But since you’re here, you must already be aware of the condominium market. Condos are for sale here in Victoria, go ahead and purchase your favorite one!
When living in a condominium, you will meet different kinds of people: baby boomers looking to downsize their responsibilities and space, investors snapping up rental properties, and first-time buyers looking to get into the market.
In Victoria BC, condos may be low-rise buildings, multilevel buildings or mixed-use buildings, like storefronts or condos above offices. They can be resell, brand new or conversions, that is a building that used to be a factory or apartment turned into a condominium.
Condos are different from freehold houses. You are the owner of your unit, but you also share the ownership of common areas, buildings, and land. You share costs with fellow members of your condo association, and the property management or the board of directors makes the big decisions.
Benefits of buying a Condo in Victoria BC
1. The outside work is handled by someone else
2. Numerous major costs are shared
If you want to leverage the benefits outlined above, remember that condos are for sale in Victoria BC, and time is running away.