Buying a Condominium
By Bo Kauffmann
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About this ebook
Buying a condominium can be a challenge. There are so many this to know and questions to ask! This ebook will guide you along the way and make the process much easier!
Get answers to legal questions, questions about the different types of condominiums, and so much more.
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Buying a Condominium - Bo Kauffmann
Buying a Condominium
Published by Bo Kauffmann
Smashwords Edition
Copyright 2013 Bo Kauffmann
Condominiums
Section I: Condominium Information
4 different styles of condominiums in Winnipeg
Condominiums have been steadily gaining in popularity in the past few years in Winnipeg. At least part of this is due to the fact that while buyers have a tough time finding a nice house under $150,000, condominiums are still available in this price range. Check here for7 reasons to think about condominiums.
Whether you are a first-time home buyer, or an ‘empty-nester’, there are condominiums which will fit your needs. Here is an overview of available choices and the differences between them:
Apartment-style:
These are usually 3 stories tall or more, and are defined by having one general entrance way leading to a lobby or hallways, from where the individual suites branch off. Taller condominiums are most often built with concrete floors, which aids in the noise-reduction.
Ideally, you would want a balcony so you can sit outside and have some fresh air. Most have window a/c units, but the nicer, more expensive ones have central air. Another thing to keep in mind is that not all of them have in-suite laundry, which is a nice option to have. They usually come with a parking spot, with underground spots commanding a higher price. These types of condos can sometimes still be found around the $100,000 mark for a 1-bedroom, and $125,000 and up for a 2 BR, depending on the options. Luxury condominiums of 1400 sq ft and more can run significantly more, depending on location.
Townhouse-style:
These are usually one and 2 story buildings, with each unit having its own entrance. Most of these are wooden-frame construction, the downside being that you could hear your neighbor’s stereo (or amorous escapades). These condominiums normally have an outdoor parking stall, window a/c and usually have in-suite laundry. An average 2 BR of about 900 sq feet will run you around $130,000, again depending on location.
Side-by-side Condominiums:
Most of these are of newer construction, and can range in price and size. Being newer buildings (usually built within the past