During these uncertain times, while all our plans seem to be put on hold, condo investment should be top of mind. Now is the precise time to make a move and take advantage of the market.
There is enough stress and anxiety circulating our current environment, so choosing the right condo may be the smartest approach to alleviating the burden of uncertainty. Below are listed the top reasons to invest in a condo today, and why Grimsby Ontario may just be the ideal change of scenery you’ve been longing for. The world is altering its way of life, so why shouldn’t you?
Low Maintenance Living
Because you’ll typically be buying new builds, condos come with far fewer repairs than any other home option. And on top of this exceptional perk, condo owners are neither responsible for the upkeep or maintenance of their building and property.
The determined condo fees will cover the over-all management of your home, taking away added levels of stress that comes with being a homeowner. Any concerns you may have will be listened to and handled by the designated condo board, addressing daily administration and care. How’s that for being looked after?
But perhaps the greatest benefit would be the exceptional amenities available. Many condos include a pool, gym spa, party room, outdoor patio space and more! Not only do you evade the need of purchasing these luxuries, but you may also enjoy them without the tedious work needed to manage, clean and maintain such spaces.
Financial Advantages to Condo Investment
Besides the incredible perks listed above, condo investment provides you with both long- and short-term financial benefits. Getting started, it’s easy to fall into fear over upfront costs and down payments, but you’ll be surprised by how much easier and cheaper it can be when done right. Unlike other home purchases, new development condos don’t require an immediate 20 per cent down, offering a generous deposit structure suitable for most buyers.
An even greater advantage is that the barrier to entry will typically be lower as condos are commonly cheaper than single-family homes (Condo vs. House Ownership – RBCRoyalBank). And as easily as you may enter, so can you leave. Investors are more than likely given a great exit strategy as the resale demand for condos is high and rising. Reselling should be the least of your worries.
Having been released of the burdens regarding home management and unforeseen costs, you’ll be allowed more time and freedom to engage in the community. Condo living promotes residential relationships as many of your neighbors will be long-time dwellers. But beyond this, the opportunity for community involvement is high as many condos for sale in Ontario are situated in small cities and close-knit neighborhoods.
The Town of Grimsby offers various community programs that encourage group relationship and healthy living. You’ll find numerous activities to fill your time and interest, such as art galleries and classes, museums and tours, sports and swimming, and many clubs and events targeted towards seniors. The local libraries and historical churches serve as optimal grounds for those new to town. And special gatherings and occasions are sure to fill the calendar. Stay informed and keep an eye on the community schedule for all the local happenings and daily services offered in town.
Grimsby waterfront condos are situated along the entrances to both Lake Ontario and Niagra escarpment. You’ll enjoy a vast variety of beautiful parks, trails, forests and beaches, along with the best Southern-Ontario weather has to offer. This historical town, lavished in natural beauty, was founded in 1790 and known for its successful fishing industry. Although that particular business is no more, you can bet that fishing still plays a significant role as a popular past time among the locals.
If you were to make the smart decision to purchase a Grimsby condo, you’ll not only luck out on pristine beauty and landscape as well as friendly and engaging community, but you may also save big and earn in your investment.
Don’t let fear of the unknown hold you back when it comes to purchasing real estate. Take a perfect chance on the condos for sale in Ontario, it may be the best investment you’ll ever make!