Heather Bowie - Flare Mortgage Group
The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier. I’m here to help!
The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier. I’m here to help!
With a background as both a small business owner and Chartered Professional Accountant my goal is to help people with their mortgage whether they are purchasing their first home, growing their family, finding their forever home or adding rental properties. I love the direct impact of helping clients by providing education to ensure they are confident in their decision resulting in happiness with their home purchase!
Heather Bowie
(780) 919 3025
Sherwood Park, Alberta
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Let's Talk Condos with YBB Member Andrijana Jakovleska
Let’s talk Condos. There’s somewhat of a negative connotation towards condos and the “condo fees” that come along with them.
Let’s talk condos!
There’s somewhat of a negative connotation towards condos and the “condo fees” that come along with them.
Condo fees include maintenance, landscaping, management of the condominium and in some cases utilities. They can be beneficial for certain buyers who want complementary maintenance/landscaping & want to be part of a community within the condominium.
The $ amount of condo fees varies based on the type of building (apartment, townhome complex, etc) plus the size of the perspective unit and what is included in the condo fees. The negative connotation mainly comes from the fact that you as a condo owner do not have a say in the increase of the condo fees at any time because even though you own a unit or units you are essentially buying into a condominium business run by its board members and investors.
A tip that can benefit your condo ownership, is to become part of the condo board or become an investor so that you have a say in the decision making.
Apart from the above, a condominium if managed correctly can be a great opportunity & investment for a buyer. Especially townhome complexes, since there’s not as many units as an apartment building and condo fees are more likely to remain low over the years.
In prime areas, your condo investments will increase in value, especially if managed well.
Always have your REALTOR gather all of the condominium documents for review before purchasing a condo. Knowing as much information as possible will aid into making the right decision. It is the seller of the condo’s responsibility to give all condo documents to your REALTOR.
Submission By:
Andrijana Jakovleska
REALTOR®
Residential | Commercial | New Builds
780-937-6346
andrijanarealty@gmail.com
andrijanajakovleska.com
