4 Myths about Condos You Must Know

There are many myths surrounding condominium living, and some of them can be harmful to your decision. This article will debunk some of these and other common misconceptions. You will be well-equipped to make a more informed decision. Read on to learn about some of the most common misconceptions about condos. By the time you’ve finished reading this article, you’ll have a better understanding of the process and the potential benefits of living in a condominium.

Myth#1 

One of the most common myths about condos is that they are only for singles. This is not true. While a single person may find a condo appealing, a young couple or a family might want to consider a condo. Also, a condo must be in an area with easy access to schools, malls, supermarkets, and hospitals. This misconception is common among those who are not familiar with condo living.

Myth# 2

Lastly, many potential condo buyers think condos do not allow pets, which is not true. While many new condo developments in Toronto ban pets, others allow them. It’s important to inquire about the pet policy before buying a condo if you plan on keeping your dog. You’ll also need to know the facilities that come with your condo so you can be certain that your pet will be welcome in it. However, condominium living should not be feared because it’s not boring or limited in any way.

Myth# 3

The next myth about a condo is that it won’t last. Most condos are designed for a few decades. At this time, the majority of condos don’t last that long. You can even find them in older buildings already a few years old. Whether in your twenties or your forties, you must know more about living in a condo’s lifestyle and investment benefits.

Myth# 4

In addition to the price, another common misconception about condos is the size. Generally, condominiums are built to smaller sizes than a typical home. For example, a DMCI Homes condo is typically 60 square meters. This is a common misconception about condos. Most developers maximize space. Some condos are even larger than that. Whether you choose to live in a pre-construction unit or a finished one, make sure that you know the facts about the property.

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