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Articles about condo

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Home & Garden
by Caledor
5 years ago
The Pros and Cons of The Micro Condo Lifestyle

My relative lives in a 1500 square feet condo.  Nowadays, people do not build condos this big anymore.  Her condo was built more than thirty years ago and that was a time when land was still relatively cheap.  Her condo is a two bedroom corner unit overlooking a nice...

Home & Garden
by Caledor
5 years ago
The Micro Condo Revolution

If you ever in the market to buy a brand new condo, you will perhaps notice that the condo sizes are becoming increasingly smaller. If you live in Hong Kong or Tokyo, the small apartment sizes are really the norm, but if you live in North America or even Europe, the small spaces are just beginning to catch on Welcome to the micro condo revolution. Perhaps it is not a revolution yet but trends do point to ever decreasing condo spaces in newer condo or apartment builds. A micro condo is a unit that is about 200 - 300 square feet in size. The micro condo certainly has its appeal. For the single professional who does not have a family and wants to live near the urban centre, a micro condo has a lot of advantages. It is definitely cheaper to upkeep and it maximizes smaller spaces. For example, murphy beds can be folded to create room for desk space: This is the result of a crazy condo boom where developers are trying to fit more and more units into one condo development. A broker friend had sent me floor plans of a recent development (occupancy in 2018) and none of the suites had square footage above 1000. Like it or not, this is the new norm for condos in downtown Toronto.

Home & Garden
by Caledor
5 years ago
Condo vs House Challenge: Maintenance Fees

Home ownership is one of the biggest milestones in life. It is a sanctuary and a place to call to your own. Home ownership isn't cheap however, there are maintenance and random fixes to be mindful of. If you live in a condo, everything is very straight forward. A monthly maintenance cost is paid which includes the day to day costs to run the building, insurance, and even factors in future costs to replace the boiler/ elevator/ HVAC etc. As for the house on the other hand, it is up to the homeowner to create a maintenance schedule. The roofs have a lifespan of about 20 years and putting up new ones are in the thousands. If you have a basement, be mindful of the foundation because during the rainy and snowy seasons, the basement could flood. A lot of these minor inconveniences to keep track of.

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