The Overlooked Option of Luxury Condominiums

In the world of home ownership or renting, one well overlooked possibility is purchasing a condominium in Ottawa instead of a home or renting an apartment. The advantages bring to mind thoughts of a luxury lifestyle because of the amenities that accompany living in a condominium. The typical add-ons, as it were, or a swimming pool, sauna, on-site gym, secured parking, and tennis courts.

Understandably, the higher priced condominiums are built with high-end materials such as marble tile, bathroom fixtures coated with rare metals and luxurious carpeting. In addition, the views may be overlooking the ocean, a lake, or the downtown area of a city. Not to mention coming with kitchen counter tops made of granite and updated appliances throughout.

The main attraction to a condominium lifestyle in Ottawa is the amenities and the owner association. The association expenses cover the maintenance fees for the grounds and any repairs any of the units made need as they present themselves. Consequently, your homeowners insurance, which is an added expense, will cover what is inside your condo. The regular insurance for the dwelling, included in the monthly payments, covers the building.

Most Ottawa condo communities are a tight group of people who enjoy living the lifestyle provided through owning a condominium. While shopping around you can talk to the residence to get a feel of the social atmosphere to see if it fits within your vision. It is understandable that living a condominium lifestyle is not for some however, if this is your cup of tea, it is nice to enjoy not having yard work to worry about. This is what the maintenance staff does.

When you are looking into this option here in Ottawa, as a homeowner, make sure to ask what portion of the community is rented, if any. This is because it has a direct effect on the resale value and the purchase price of any of the units in that community. Additionally, learn what you are allowed to upgrade per the bylaws of the association. It helps if you have an attorney read the contractual stipulations before you commit to signing.

Once you become a resident, plan to attend the homeowners meetings this is where you can get to know your neighbors and become part of the community. Living the condominium lifestyle is a rewarding experience.