The Condo Market in Penticton and What to Know Before Buying
What is a Condo?
A condo is a single dwelling that is part of a multiple dwelling strata complex which shares land. A condominium can be in the form of an apartment, townhome or even a single family home. In Penticton a condo is generally considered an apartment style dwelling in a high rise building.
Why Buy a Condo in Penticton?
A Condo offers more flexibility, affordable prices and a significantly reduces the time required to maintain your unit. There are many condos centrally located to services or amenities such as the beaches or golf courses.
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The Advantages of Living in a Condo
Owning a condo offers fantastic advantages. You can enjoy great amenities such as a pool and gym, without paying a fortune. The security is high and the maintenance costs are low since being shared by the community of owners. There are some monthly fees to be paid, but the shared maintenance costs (and, sometimes, part of the insurance costs) are being taken care of by the strata council.
Great Amenities
Security
Low Maintenance
Which One is the Best for You?
This is one question you should really think about before making a decision. Is being independent very important to you? Then maybe a condo isn’t the best option. If low maintenance costs and other benefits such as nice amenities and living in a community sounds good, then you can consider it.
Also, remember that your future decisions will be based on some rules. If you want to get yourself a pet, you have to see if the strata allow owners to have them. Thinking about maybe renting the place sometimes in the future? There may be some restrictions about that as well so ask our real estate agents about it.
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