We do not really realize how sheltered we are when we are still living with our parents until we actually go out to the “real world” on our home. Initially a lot of us struggle to find a decent job for ourselves, then comes the problem of financial management because we do not really realize how many monthly expenditures are there that need to be handled. So, the first few years of our adult lives is mostly spend living in an apartment that you either co-share or live in by yourself.
As time passes by and you feel like you are in a stable enough place, financially, to go for permanent property ownership, all the while remaining close to the city, then you can simply make the switch from an apartment to a condo. With so many new condominium projects being launched annually like Xo condos, you will have a variety of options to choose from.
Apartments and Condos share a few key similarities, like the fact that there are multiple units in the building, and each unit belongs to a single owner. However, the key difference between the two is that the money that you pay as rent for your apartment basically goes down the drain since it temporary property ownership because the unit is only yours until your lease expires. Condos, on the other hand, happen to come under permanent property ownership, so once you have finished paying the price for the condo, it is then yours permanently. Condos also happen to be more luxurious than apartments, offering various amenities like security, parking, a communal pool or fitness center etc. So, making the switch from an apartment to a condo is actually really beneficial for you in the long run, so it is a good idea to start looking through new condominium projects now.