Naturally, new condos are more affordable upfront compared to negotiating for resale units where such benefits are not available. Additionally, new launches offer progressive payment schemes, which assist buyers in managing their cash flow more effectively while the project is still under construction.
One of the main advantages of owning a new condo is the reduced maintenance needs. Unlike a traditional house or apartment, a condo offers a low-maintenance lifestyle. This is because most of the exterior and communal areas of the building are maintained by the condo association. This includes tasks such as landscaping, snow removal, and building repairs, which are all covered by the monthly condo fees. As a result, owners do not have to worry about shoveling snow or mowing the lawn, allowing them to spend their time and energy on more important things.
In any case, investors can expect a steady stream of rental income from …
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