| The answer always lies in terms of what are | | | | people had more funds they would generally |
| you needs and resources. There is nothing in | | | | purchase a home for equity. Why throw money |
| essence new about Condos or Condo projects. | | | | out the window they would say. True with vast |
| People around the world for eons have owned | | | | increases in housing prices due to low |
| property in a large building and shared costs | | | | mortgage interest rates the rules of |
| such as maintenance, taxes and security | | | | apartments being the main option for |
| services., | | | | temporary living for many may well change. |
| | | | |
| Two factors have driven the popularity of | | | | It can be said that generally one or two |
| Condos in America and Canada in the last | | | | people inhabit an apartment. An apartment |
| several years. They are lifestyle and cost. | | | | again is meant for temporary living. People |
| | | | go to work, come home and watch TV. That's |
| Lifestyle is a factor in Condo choice. People | | | | about it. There is generally not the living |
| have equity in house. A house requires | | | | space or storage space that you find in a |
| maintenance - yard work, cutting grass in the | | | | condo. Walls are generally thinner so that |
| summer and if you life in a colder climate - | | | | the sounds of your neighbors may drift in. In |
| such as Minnesota, North Dakota or Manitoba | | | | hotels or condos a higher standard of |
| Canada clearing snow in the winter off your | | | | construction is generally planned for than in |
| walkway and driveway. True you can hire | | | | rental apartment blocks. |
| workers to do this work - but it requires | | | | |
| coordination and the workers may not be | | | | In one case a bright young son - a manager |
| reliable and responsible. If you wish to | | | | yet , convince his father that with a "Gee |
| travel as a snowbird in the winter Condo | | | | Dad do you realize that if you sold your |
| living may be ideal for you. Someone else | | | | house and moved into an apartment that you |
| takes care of those headaches for you. In | | | | could basically live for free on the |
| addition there is a measure of security both | | | | interest. Sounded good to the financially |
| with other neighbors and often a security | | | | inexperienced parent who had never tried |
| service. | | | | apartment living. The older couple quickly |
| | | | found out two areas of concern. First there |
| Similarly if you wish to travel a vacation | | | | really was no family area for the |
| condo may be a good choice for you. The | | | | grandchildren to play in, secondly the wife |
| services are taken care of - whether it yard | | | | was a very proud and experience cook and was |
| work, overall maintenance site security. | | | | now restricted to a small galley kitchen. |
| | | | .This experiment in condo living collapsed in |
| Even if you had bought a house rather than a | | | | short order with a threat by the wife of |
| condo the practical logistics of finding | | | | marriage separation. The now smarter home |
| workers and arrangements are exceptionally | | | | owner had to basically replace his previous |
| difficult in a practical sense to arrange | | | | home. This was done at a fair cost which |
| long distance both in finding workers and | | | | seems to escalate daily in his mind. To add |
| coordinating arrangements and payment as well | | | | to the humor, his new house is across the |
| as checking on completion and quality of any | | | | street from the older home. To add salt to |
| work done. True phone call costs may be small | | | | the wound previous home recently had a new |
| compared to what they used to be - but | | | | owner who has taken to complaining to the |
| overall the costs of any project from start | | | | original owner. In this case if the home |
| to finish may be much higher than they | | | | owner wanted a simpler lifestyle wished to |
| normally will be. As well take into account | | | | downsize or had less maintenance concerns |
| the time and aggravation factors. A vacation | | | | when traveling a condo with a layout and size |
| condo purchased by yourself or shared with a | | | | relating to the families needs might have |
| group whether it be friends or family may be | | | | been a much more intelligent choice. |
| the answer. | | | | |
| | | | Most of the answers in life are actually |
| What about renting an apartment? An apartment | | | | quite simple and revolve around basics. What |
| is not a condo. Simple as that. Apartments, | | | | are your needs and financial resources? Is |
| in our society, are meant for temporary | | | | condo living a wise choice for you and your |
| living. Up until recently if a person was | | | | family at this point in your lives and |
| starting or need temporary accommodation and | | | | careers? |
| apartment was generally the answer. If those | | | | |