Craving for Korean food?
If you live in a condo or apartment, sometimes you crave for Korean food but you can’t get what you want. Some Korean restaurants are very far away from where you live. Fret not, if you live in Marc Residences or Verve Suites, you’ll be able to visit Bulgogi Bros almost anytime you want!
If you are always thinking about what to order from Korean restaurants, here is a cute video from a Korean girl about Korean restaurant menus:
There are many reasons someone might buy a condo over the typical single-family residence. To explain the difference, a private residence is privately owned, whereas, with a condo, or condominium, common areas are jointly owned by the other condominium residents. In markets that are more expensive, such as downtown areas, condos tend to be a popular choice, as they are often cheaper than buying a single-family residence. In this way, condos offer many buyers an opportunity to enter and live in a location they might not otherwise be able to afford. It’s a viable alternative to renting an apartment, especially considering that as a condo owner, you can build equity and often take advantage of tax deductions on the mortgage interest.
Condos tend to be popular for first-time homebuyers for their affordability, and among the retired, as a condo community will often provide services specifically catered to them. Because condos share a common area that is owned by all residents in the building, there is a governing board that oversees how the condominium community operates. These associations manage the complex and handle any rules or guidelines for the community.
You’ll meet all kinds of people at condominium open houses: first-time buyers looking to get into the market, investors snapping up rental properties and, of course, baby boomers wanting to downsize their space and responsibilities.
Condos can be low-rise buildings, townhouses, freestanding houses, duplexes, triplexes or “mixed-use” buildings, such as condos above offices or storefronts. They can be brand new, re-sell or conversions — that is, buildings that used to be apartments or factories turned into condos.
What makes condos different from freehold houses is that you own your unit but you also share ownership of the land, building and common areas. You share costs with fellow members of your condo association, and the board of directors or a property management company makes the big decisions.
There’s a lot of buzz about condos in the market right now, but are they a smart choice? We weigh the pros and cons.
Some condos offer benefits you won’t see in the average home or apartment building — like a theatre room, gym, swimming pool and party room. Even if you rent or buy marc residence klcc property for sale, you get to enjoy all the amenities in the condo.
Unlike renting, you’re free to paint the walls, put up pictures and renovate.
Depending on where you live, some condos are more affordable than owning a freehold home — and a mortgage plus condo fees may be equivalent to rent.
If you’re craving a prime spot in a major city — like downtown Toronto — condos may be the only practical option. What you lose in space and higher condo fees, you gain easy access to work, dining, activities, public transportation and other amenities.
Marketers say condos offer greater security than a freehold home or renting. For one thing, people are more likely to take better care of the property they own, and some buildings offer a secure entrance or a doorman. You might feel safer with neighbours on either side or worry less if you frequently travel.
Condos and co-ops relieve owners of the responsibility of maintenance and repairs on the community proper. People with busy schedules enjoy freedom from mowing and caring for a lawn, shovelling snow or cleaning the exterior of the property. There’s no need to buy and maintain a lawnmower, snow blower or other expensive gear, which also reduces storage needs. The homeowners association or management board manages all these tasks on behalf of the owners. This maintenance comes at a cost, however, in the form of monthly, quarterly or annual fees.
A mid-sized condo is perfect for buyers who want to downsize from a larger home or who don’t want to spend a ton of time maintaining a house. A smaller space provides more freedom for residents who want to spend time travelling or enjoying their city instead of constantly working on home improvement.
More Affordable Than Single-Family Houses
In larger cities or beachfront locations, a condo can be much more affordable than comparable houses, making it a less intimidating buy for first-time homeowners. In some cities, owning a condo is also often cheaper than renting an apartment or buying a townhouse. Want to own a condominium unit? Want to know if they are vacant? You can buy property verve suites. You can go to Verve Suites KL for more information. However, if you want something different, then you can buy property marc residence kl.
If you can’t afford to buy a condo, you can always look for a marc residence studio for rent.