Buying a Home or Condo
Finding your perfect home can be a long process. I will help you identify the right type of home for you and continually research new homes or condos in neighbourhoods which meet your needs.
What Type of Home Do You Prefer?
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- Single-family detached homes stand alone
on their own lot. - Single-family semi-detached homes are
joined on one side to another home. - Duplexes contain two single-family
homes, one above the other. - Townhomes (Row Houses) are several
single-family units, located next to one
another and joined by common walls. - Other types of homes include stacked
townhouses, link or carriage homes,
condominiums and co-op apartments.
- Single-family detached homes stand alone
Where Do You Want to Live?
- House or Condo Apartment?
- Urban, Suburban or Country?
- Will you Need to Commute? Access to Public Transit?
- Are there Schools Nearby?
What Are The Types of Ownership?
FREEHOLD
You own the land and house and are responsible for everything inside and outside of the home.
CONDOMINIUM OWNERSHIP
You own your unit and share ownership of common spaces. The condominium association is responsible for upkeep of the building and common interior elements, such as halls, elevators, parking garages and the grounds. You pay a monthly fee to the condominium association to cover maintenance costs. The fee varies but can often include utilities, TV services and taxes. You may also have to buy or rent your parking space.
Condos often have strict rules regarding noise, use of common areas and renovations to units. Be aware of your condo’s rules before putting in an offer.
CO-OPERATIVES
Similar to condos but instead of owning your unit, you own shares in the entire building or complex with the other residents. Co-op residents pay for maintenance and repairs through monthly fees and are subject to the rules and regulations of the co-op board.
Be aware that if you decide to sell or rent your shares, the co-op board has the right to reject your prospective buyer or tenant. Read the co-op’s rules before making an offer.
If you’re thinking about buying a home or condo, or would like more information please complete the form below. Thank you.