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Why Condos?

whycondos
Buying your new construction Edmonton townhome in a professionally managed ALTIUS condominium community is a financially smart decision. Here are the top 5 reasons why Edmonton's ALTIUS townhomes are built as condos.
 
#1 SAVINGS
Reduced monthly expenses for the insurance and taxes on your home.

#2 INVESTMENT SECURITY
Community bylaws are in place so that your saavy new investment is protected, leaving you to relax and enjoy your newly built Edmonton townhome!

#3 REST
Kick back - life is busy enough as it is.  You don’t need to be shoveling snow during a frigid Edmonton winter and cutting grass when you could be enjoying a short but spectacular summer! Leave that to the professionals and spend your time on what matters most to you.

#4 RESALE VALUE
A reserve fund and professional management ensure the timely completion of future maintenance.  This reassurance, not to mention the curb appeal that comes along with it, secures the resale value of your home. 

#5 PRIDE OF OWNERSHIP
No green thumb?  No worries.  Nothing looks better than a properly and consistently managed condo community in one of Edmonton's most sought after developing communities. 


There are several cons to investing in a non-condo new townhome or duplex.  While there are townhomes and duplex homes available in Edmonton's new communities without condo fees, be sure to consider these 5 things before buying one for yourself...

#1 INCONSISTENCY
Without bylaws the charm, character and consistency of your neighbourhood isn’t guaranteed.  If one “nightmare neighbour” does a poor job maintaining their property, the whole street will suffer the consequences. 

#2 HELPLESSNESS
Everything is up to you, from mowing the lawn and shoveling snow to scheduling (and paying) contractors for exterior repairs.  Keep your friends close but your neighbours closer– you’ll need to cash in a favour with someone to shovel whenever you go on vacation.

#3 PRECARIOUS RESALE VALUE
How much are you going to have to discount your home to convince a buyer to inherit your “nightmare neighbour”?  A $10k discount is equivalent to over 50 months of condo fees.

#4 YOUR TIME
Life is hectic enough without factoring in the time, money and energy it takes to maintain the exterior of your home. 

#5 BUDGET
Future repairs and ongoing exterior maintenance can be extremely expensive.  In a condo this is taken care of by a reserve fund; without one, you’ll be dipping into your savings.