|Price/sqft||$1,000-$1,400 per sqft|
|Studio Price/sqft||$400K – $500K|
|1-Bedroom Price||$600K – $750K|
|1-Bedroom + Den Price||$650K – $825K|
|2-Bedroom Price||$850K – $950K|
|3-Bedroom Price||$900K – $1.5 Million|
|1-Bedroom + Den Rent||$2,400-$2,850/month|
Are you planning to invest your hard-earned money in real estate? Are you afraid that you do not have a budget for an apartment or bungalow? If your answer is yes, then you have landed on the right page. This is because today, we will discuss that one can also invest in condos. One can invest in buying a new condo in Ajax, Toronto, Oakville, etc.
What is a condo?
Before we jump straight to the question that buying a condo is a good investment or not, let us first help our readers have a basic idea about the same. In simple words, a condominium (also known as a condo) is a type of building which is usually divided into many different small units. It is these unite which then sold to different people. One should note that every separate unit/condo has its own title and deed. These days, some of the most affordable and spacious new condos are available in Ajax, Ontario.
Now coming to the other common areas of the building such as living room, parking, roofing, or any other external walls, all of these belong to all the owners living in the same building. This also means that each and every person living in these condos has to contribute to the maintenance of such common areas.
If you are wondering that condo is a type of place which is at the same time owned by different people being under the same roof, and then who is actually responsible for making major and small decisions concerning the common areas, then the answer is condominium association. All the owners of the different units/condos have to pay a certain amount of fee to the association who is responsible to regulate all the rules.
Last but definitely not the least, another major thing which distinguishes condos from the usual bungalows or apartments is that in condos, all the owners of the separate units have to co-own the land rather than just owning the land only to themselves.
Why are condos a good investment?
Now coming back to our original question, that why it always is better to invest in condos, then here is our answer to it. The first reason which makes buying condos a good investment is that one can own a place to live while at the same time not struggle to invest more money in the same. The second reasons are that when a person is investing in a condominium, then the maintenance cost is also divided, and one does not have to take all the pressure.
If you are a person who is looking for investing in a condo, then get in touch with our team today and know why new condos in Ajax are the best for you. If our readers have any query related to the same, they can also browse through our website or simply connect to our professional and fix an appointment today.