The name rings a bell, but what really is a condo? A condo, short for condominium, is an individual’s privately owned unit that comes at a fairly reasonable price to boot. The condo owners within a locality jointly own the shared regions of the property — such as outdoor hallways, pools, gyms, and garages, to name a few. Best of all is that it relieves you from the anxiety of having to maintain a yard, garden, or house, for that matter. Your new condo development only requires you to look after the interiors while the management handles the exterior.
Why Vancouver Needs New Construction Condos?
None of us is a stranger to the economic crisis we encountered as a curse for the global coronavirus pandemic. A prominent reason to buy a pre-build condo or invest in pre-construction condos is the price tag. Fortunately, the trend of condos selling out at affordable rates continues to this day. Moreover, because the space is smaller, it automatically translates to smaller bills which makes a condo cheaper in terms of property taxes as well. So why wouldn’t you sign up for owning a condo in Vancouver?
A Specialty to Novesta: Condo Construction and Condo Conversion In Edmonton
At Novesta, we are a team of expert condo builders, offering you the chance to own a condo with our new construction condos scheme in Edmonton. We specialize in condominium construction and conversion for low-maintenance living with an added sense of security and safety. Depending on your investment, you may also have access to top-notch amenities, which enhances your social opportunities. This is the most affordable method of owning a property since you reap the benefits of building equity and ownership while steering clear of maintenance and upkeep of a detached home. For this reason, a condo is referred to as a common interest development.
As for condo conversion, the owner of a building with two or more properties or units elects to process a map and record the declaration of restriction that divides a property into condos. Novesta helps you weigh the costs of condo conversion by understanding the (hidden) costs, so you maximize the profits. We also assist in obtaining a building permit and avoiding any illegal tasks. Contact Novesta for services on condo conversion and condo construction.