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1. For those seeking an affordable way to achieve home
ownership, condos and lofts are a good option to consider.
They offer affordable pricing and are low-maintenance.
This allows for more free time away from home projects
and gardening. If one wishes to live in the heart of the city
this could be an attractive option.

2. The terms are often used interchangeably, they are both
single units inside of a complex that contains multiple
properties. A loft tends to have a more open floor plan
and some are so open that the owner can section off
rooms as they desire. Lofts can be warehouses that are
turned into residential spaces and can be very beautiful.
They often have many architectural features such as open
duct work, brick walls and factory windows.

3. Owning a condo or loft has many advantages, the main
one being the purchase price. They will cost less than a
detached residential home and are a great option for first
time buyers or people who are seeking lower loan
payments. They are also a great option for whose who
wish to down-size after their children have grown and
moved away. Many are selling their large homes and
opting to buy a smaller residence and are using the
proceeds to fund their retirement.

4. Not everyone is handy with home improvement
projects, the condo or loft option is good for this type of
person. If painting and minor improvements are more
your style, this is something to look into. Homeowners
associations handle all exterior repairs and maintenance
allowing the condo or loft owner to spend their free time
relaxing.

5. This style of living is great for people who travel a lot due
to their line of work or just because they like to travel.
Salespeople and those working for the airlines will find
this to be a worry-free style of living as they will not need
to worry about upkeep on their property. One can enjoy
their free time swimming and relaxing instead of mowing
the lawn or cleaning out gutters on the weekends. For
busy professionals this is an ideal way to live.

6. One thing to take into consideration is that one will live in
close proximity to their neighbors. But they also will have
the option of living close to the city and this is often very
desirable. Finding the right location with the right HOA
fees should be considered when looking for this type of
property.

7. If one is gone for long periods of time this could be a great
security solution. It is not as obvious when one is gone for
weeks and months when living in a condo or loft.
Neighbors tend to keep an eye on units that are close-by.

8. When in the market to purchase a home, the advantages
of Toronto condos for sale are excellent for those who are
looking for an affordable solution. The price per square
foot is often less than that of a detached home and the
monthly payment will be less than rent on an apartment
of similar quality and size. There is no lease to worry
about, it belongs to the owner. There are no cleaning costs
associated with pool usage and there are often such
amenities as racquetball courts, gas grills and exercise
rooms. There are social advantages as well because the
residents are all owners and one will have long term
neighbors. There is a significant advantage in property tax
and it is a good investment.

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