Why Condominium is Superior to Other Types of Property

Why Condominium is Superior to Other Types of Property

When we decide to buy a property, we often get confused with its various types. And, we do not know what to consider when thinking of whether to live in a condominium, an apartment, or a townhouse.

The legal ownership

KeyIf you have ever wondered what makes property agencies differentiate a condo from an apartment, then you are in the right place by reading this right now. An apartment is usually a room with a kitchen and a bathroom in it, which is rented for tenants by the owner. And apartment’s owner is mostly a company.

Depending on the luxury grade and the price, an apartment complex can have shared facilities and amenities, such as gym, swimming pool, and garden. And the tenants are not responsible for their maintenance. But again, that leniency is mainly due to the status of the ownership.

LendA condo, on the contrary, is very much like an apartment but can be legally be owned by an individual. You can make a condo as a bank’s collateral so that it will be a very useful investment, unlike an apartment. In terms of legality, having a condo is like having a house under the same building.

The ownership of a house is divided into two categories: individual and joint ownership. The legal status of house ownership is stronger than owning an apartment, even if what you own is a duplex house.

The facilities and amenities

swimCondominiums have a wide range of luxury selection. In Canada, for example, Cresford Developments are famous for their grandiose and extravagant architectures, which are somehow blending in with the local neighborhood.

For the utmost luxury, condos can go very far with affording ludicrous amenities. Zaha Hadid Architects’ One Thousand Museum in Miami has a helipad on their condos’ rooftop. Armani/Casa Residences in Sunny Isles, Florida, employs personal lifestylists, one for each resident. The lifestylist’s job is to be the fashion and style consultant of the resident.

Condos’ democracy

Because the condos are owned by multiple individuals, the cost of the facilities and amenities is also shared. But because you contribute to the maintenance, you have a voice. In a condo, the residents can elect a board of overseers for the facilities.

You will not experience a sudden change of facility, like if you live in an apartment. And the burden is much lighter than owning a house. If you own a house, all the maintenance costs are your monthly bill. But in a condo, it is someone else’s jobs.

Besides, having a large garden, swimming pool, and gym facility is exclusive to condos. Otherwise, if you force yourself to have them at your house, it is going to be an extravagant expense.…

Important Factors to Consider When Choosing A Condo

Important Factors to Consider When Choosing A Condo

When it comes to condominium, there are so many choices that are available. Therefore, one can get overwhelmed when making his or her decision concerning condos. Also, since there is rapid urbanization, a lot of prestige condos are sprouting like mushrooms to meet the various housing needs of many people. Regardless of the individual styles, budgets, and needs, you are likely to get the best condominium that will suit your requirements.

If you have never lived in a condominium, you have a good chance of living in one because many classic condos in Toronto will suit your housing requirements. A good example is the One Yonge Street Condo. These are the new condos in Toronto, and they are the essence of the modern urban living. This is because they revolve around a vibrant community life, public services, entertainment, and convenient shopping. Therefore, when choosing a condo, the following are some of the factors you are supposed to consider.

Good location

oliuytrdfcvbnmYou need to consider the location when choosing a condominium. This is because it can affect both the current and the future price range of the units. For instance, Toronto is one of the best places you can consider when looking for a condominium. It has the best areas, and the Yonge Prestige Condos are near some of the major roads, markets, hospitals, and schools. These are just some of the amenities that you are recommended to remember when choosing your condominium.


This is another significant component you should never forget to include on your list. This means that you should look at the house first and approximate the amount of money you are likely to spend on your condo. If you need a new condo in Toronto, ensure that you have enough cash because most of the condos there are a bit expensive.

Population density

kljuytrdfcvbnmWhen you are selecting a condo, this is another factor you should consider. This is because too many units per floor are likely to cause unpleasant situations like congested stairwells or elevators. Therefore, when you are choosing one, make sure that you consider one that is designed to ensure less foot traffic. That is why it is advisable to consider selecting The Prestige condos at One Yonge because they have high-speed elevators that will reduce congestion. These are just some of the factors you need to remember when choosing a condo.…