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Condominiums are a cost-effective alternative to buying a single-family house these days. With property prices in many Canadian regions continuing to rise, buying a lower-priced condo is an appealing option for people looking to buy their first home

However, just like owning a detached house, purchasing a condo comes with its own set of challenges. We are sure you have heard some of them — bidding wars, condo fees, closing charges, and maintenance fees — there’s simply a lot to take in.

But that does not mean you should do everything alone. Quite the opposite. When it comes to real estate, we place a high priority on knowledge and experience in order to get the best results. If you are well prepared and have insider knowledge, you will be a step ahead of the competition.

Get Help From a Real Estate Agent

Our real estate agents are well-versed in both the Toronto real estate market and the home-buying process. They can readily assist potential buyers in locating properties that fit their budget, submitting an offer, and navigating the closing process. For many people who have never brought a property before or are unaware of the regulations of buying a condo, this is critical information.

Pros of Buying a Condo

Lower price — Depending on the market, buying a condo might be a much more affordable option than buying a single-family house, making it suitable for first-time homeowners or those with limited down payments funds.

Lower maintenance costs — In most condo communities, the condo corporation is responsible for exterior maintenance. Condos can be a more affordable option to own property because they are smaller and require less maintenance than single-family homes. Property taxes are also generally lower.

Amenities — You could have access to great amenities such as an outdoor BBQ area, co-working spaces, swimming pool, park, underground parking, and more, based on the condo complex you purchase.The cost of utilizing these perks are divided among all owners.
Top Tips for Buying a Condo:

• Consider your style of living
• Consult a realtor who specializes in condominiums
• Make a list of the amenities you want
• Research the property management company
• Pay attention to the associated fees and rules

Work With Big City Realty

Despite the fact that Big City Realty is a boutique brokerage, we strive to give big results. You can rely on our carefully curated selection of knowledgeable real estate agents for anything from buying and selling to leasing properties. We cater to all of your real estate needs in Toronto, the Greater Toronto Area (GTA), and beyond. We will assist you in every step of the process until you are handed the keys. Hence, don’t waste any more time looking for your ideal condo alone. Simply browse our extensive selection of properties to discover the one that best suits your requirements.