Buyers Resources
The biggest advantage to anyone buying a condo is that you can lock the door, take the key and maintain peace of mind. It’s a lifestyle choice that offers many worry-free advantages. If you love to travel, no worries, your home is secure.
Another huge advantage to owning a condo is that your condo fees pay for maintenance and repairs. No more exterior maintenance, shoveling snow or doing roof repairs; they’re all taken care of.
Often a condo is less expensive than purchasing a single family home, so for first-time buyers or for those at the other end of the spectrum, who are downsizing, it becomes an attractive option.
Location is another positive feature. For example, in the Ottawa area, many newer condo developments are in sought after areas, such as the Glebe, Old Ottawa South, Wellington Village, Ottawa East Canal, the Quad, Westboro or right downtown in Sandy Hill or the Byward market area. Here’s another advantage, central locations make for less commuting. Also, if you like to be where the action is or close to the many amenities that make your life easier, condo living might be just the thing for you. Ask John about current properties for sale and a myriad of condos that are now under construction in the Ottawa area.
Legal issues and buying a condo
John offers his Double Advantage before you sign on the dotted line regarding your condominium purchase.
John is knowledgeable about the legal ins and outs of condo ownership, the legal framework of how a Condominium Corporation works, its Declaration, Description, Rules, Regulations and Bylaws. He helps his clients understand what monthly condo fees do and don’t cover and other issues related to building insurance, owners deductibles, the necessity of obtaining owners “Improvements and Betterments” insurance coverage and his client’s rights as a voting owner of the Condominium Corporation.
John will assist you, along with your lawyer, in reviewing your Condominium Status Certificate, including the results of any recent Reserve Fund Study before finalizing a purchase.