3 popular reasons why you should invest in Condos

Understandably, there is a time in everyone’s life when they wish to have someplace they can call home, here in Ottawa and Gatineau. Investing in real estate is the best measure to take, however, in the midst of a volatile housing market, there is one area of housing that is generally overlooked by most. That is the condominium market. The largest reason for this is the misconception that this market strictly targets a specific populous.

Reason Number One to look at a Condo First

Generally speaking, the comparative price of a condo in Gatineau is considerably lower than that of a single family home. Pair this with the reduced maintenance costs stemming out of the shared responsibilities of the community and you have a good argument to begin to look at this form of living. Additionally, you may want to consider also, the amenities that accompany a condo community, such as, shopping, restaurants, spas or gyms, which are either part of the building or close enough to walk to thus extending membership privileges.

A Second Reason Is

Regardless of the market atmosphere Condominiums remain a great investment. Even when considering a fixer upper, checking out a condo can present a minimum amount of work in a renovation when compared to a single family home. Typically, what is needed is an upgrade of the appliances, maybe some new flooring or carpet, and drapes along with a new coat of paint and you have a new home. Renovating a house can leave you roofless and having to move into a hotel during the work.

The Final Thing To Consider

The location. Where most condo communities exist are around downtown areas, for some this means being closer to work, others are near public recreation or private golf clubs. This of course leaves you believe that some communities are a bit more affluent than others may appear. However, most are home to a mixture of single professionals, retired people and young professionals. In this light, through speaking with an experienced real estate broker you can find a community that fits the lifestyle you wish to pursue.