Are The Perks Of Condo Living Worth The Fees?

Condo Benefits

Before you move into a condo, decide whether its in-house bells and whistles are perks you’ll use often enough to warrant the fees you’ll be paying for them each month.
In other words, think about your lifestyle, future costs to repair some of these amenities and their future selling potential. And, is it advantageous to have these ‘extras’ in the building or are the neighbourhood offerings enough?

If some amenities don’t tickle your fancy right now, they may make selling your condo more appealing to the next buyer.

For example, does it make sense to turn in your gym membership at a private club and take advantage of the facilities in your building? Will having a gym just an elevator ride away eliminate the bevy of excuses you use not to workout?

And if you are a sociable sort who loves to organize parties and group events, having access to a multi-use room or guest suite to rent makes condo living a lot more appealing, especially for those who are downsizing. In the same vein, giving up backyard living is much easier when you know you have manicured gardens on site to roam through in the growing seasons.

Typically a gym, rooftop terrace and party room are among the amenities a condo offers its owners.

But selling features of some condos know no limits.

Some offer Olympic –sized indoor pools while others have outdoor lounging pools.

Some offer saunas, hot tubs, games rooms, movie theatres, bowling alleys, indoor or outdoor basketball, tennis and squash courts, a library and golf and batting cages.

That’s the fun stuff. Services such as a concierge, visitor parking, dry-cleaning, dog-walking, guest suites, health and maid services may be offered through a user fee system, or they may be costs being built-in to your fees.

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