![]() by Lynn Tribbling. Sales Representative ![]() |
A-
AFFORDABILITY
B-
BOARD OF DIRECTORS Unlike
apartment living or single family housing neighbourhoods, management of
condominiums is participatory and democratic in spirit. So if you do not
like certain things about your living environment, you can petition the
Board of Directors, even run for election in order to have you opinions
respected. You are an owner. Owners decide how things are managed, and
what the rules should be. You are the boss (most of the time). C-
CAREFREE LIFESTYLE Perhaps
the most appealing feature of condominium living is the delightful prospect
of not having to worry about day-to-day maintenance drudgery associated
with a house. Yes, you pay a fee, but someone else worries about:
grass-cutting, snow-removal, garbage-disposal, roof repairs, broken windows,
major plumbing, electrical, and heating problems, deliveries, visitors,
security etc. Just imagine, some buildings have private shuttle buses,
in-house aesthetic services, dry-cleaning pick up, valet parking, dog-walking
services, personal trainers. Some even mail your mail for you, and have
handsome 24 hour concierges who act as resident psychotherapists.You are
free to travel or stay at home and surrender to lethargy. What sybaritic
bliss! D-
DOWNTOWN LOCATION Many
condominium developments are situated in destination locations
, in close proximity to business, entertainment, recreation and cultural
centres which are the magnets of the dynamic urban lifestyle. Whereas new
homes are typically located further away from the city core where land
prices are cheaper. The convenience of not having to commute to everything
that is important in your life is an obvious plus for condo owners. Some
do not even feel they need a car, and gleefully trade gridlock and road-rage
for the happy-hour and dinners on time. E-
EXCELLENT SECURITY In
a recent survey the number one priority of property owners was security.
Condominium corporations address this important safety concern with an
arsenal of high-tech wizardry the cost of which would be out-of-reach for
individual home owners. Most luxury buildings have front-desk security,
underground video surveillance, perimeter cameras, and computer monitored
entry pass cards. Some have sophisticated ensuite motion detectors, medical
panic buttons, intrusion alarm panels, intercom, public address speakers.
Also, it is mandatory that condos have up-to-date fire safety equipment
which is inspected regulary. It is true, a man's home is his castle. But
his condominium is his fortress. Instead of ramparts and sentinels we have
state-of-the-art, wired lobbies and vigilant 24-hour concierges. Condos
are not only care-free, they are worry-free.
F- FACILITIES What
more could you possibly want? Condominiums offer everything: swimming pools,
hot tubs, saunas, steam rooms, gyms, exercise equipment, tennis, basketball,
golf putting-greens, squash courts, running tracks, sun decks, BBQ areas,
roof patios, observation lounges, libraries, tuck shops, business centres,
meeting rooms, party rooms, media rooms, card rooms, hobby rooms, parcel
rooms, billiard rooms, wine cellars, guest suites, private restaurants,
piano bars, shuttle buses, landscaped arderns, catering kitchens, and one
even offers you a temperature-controlled cigar locker! Holy smoke! Fitness,
fraternity, fun. Perfect for the Lifestyle of the Rich and Famished.
G- GOOD INVESTMENT
POTENTIAL Real
estate has had its ups and downs, but over the long term generally proves
to be a solid investment. Over the past 5 years, returns have been especially
impressive for real estate investors, upwards of 10% -15% per year. You
make money two ways, not only from capital appreciation, but also from
cash flow generated from rents. Condominiums are excellent income-producing
investments since rents are typically higher than than other revenue properties.
A small downtown condo, purchased for say $150,000, can rent for $1500,
even more if it is furnished, so that your potential return is significanly
greater than bank interest Real estate comes with risks and nuisance factors
inherent in being a landlord and is not for everyone. However, my own experience
has been quite positive and rewarding. As my Mother always says: "You have
to speculate to accumulate." Sound
irresistible? Totally tantalized by the shimmering prospects of the high-life
in a high-rise. Call me today, for more seductive details of condominium
living. I may have the perfect condo for you. Act fast. Perfection soon
vanishes! Lynn
Tribbling,
Sales Representative (416) 391-3232. Sales Rep. Right at Home Realty Inc. Brokerage. |