There are three primary housing situations available: purchasing a condo, buying a house, or renting an apartment. Each has its benefits and drawbacks. Take a look at the advantages of each—which are also usually the disadvantages of the others.
Advantages of a Condo to a House
Condos are less expensive than Houses
- The average condo price is less than the average GTA house price
- A lower price means a lower down payment and a lower monthly payment.
No repairs and maintenance on the exterior
- While homeowners are busy mowing their lawns, painting the house, trimming hedges, cleaning gutters, raking leaves, and shoveling snow, condo owners are busy hanging out at the pool, taking weekend trips, or…