Get The Most Out Of Your Condo Fees
All homeowners pay some version of ‘condo fees’ – they just call them ‘bills’.
No matter what type of property you own – whether it’s a single family detached home, duplex, townhouse or apartment-style condominium – you’re still responsible for basic housing costs, maintenance fees and upkeep of that property. The notable difference is whether those costs are covered by your monthly condo fees, your personal savings account or a loan that carries interest.
What do condo fees cover?
The bulk of your condo fees are used to pay for the day-to-day operation and maintenance of your property. This includes many items that would otherwise be paid for separately as a homeowner; such as heating, water, sewer, snow removal and garbage collection services.
A smaller portion of your condo fees are put towards a reserve fund intended to cover the cost of anticipated major projects – such as roof, patio or parkade/parking lot repairs – or unexpected emergency events.
(First time homeowners can especially benefit from the stability provided by monthly condo fees, as their savings account might not be healthy enough to cover a sudden and unexpected major expense.)
Condo fees may also be used towards common areas that can be enjoyed by all residents, but which would be extremely costly to implement in a single family home.
You could enjoy a garden, gym, theatre or gourmet kitchen for only marginally more than what you pay for the rest of your usual monthly bills – as long as you don’t mind sharing once in a while!
Get legendary value
Some condos may charge hundreds of dollars a month for very little in return, whereas a well-developed property with good management can offer a fantastic range of amenities and services at a comparatively low cost.
Legends of Cornerstone by Truman Homes delivers incredible value to owners through an unrivalled variety of legendary lifestyle enhancements.
Forget expensive gym memberships – the Legends fitness centre is complete with the latest cardio and strength training equipment, including a spin studio and yoga/movement studio.
Step up your social life – host impressive parties in the Legends’ owners lounge or entertainment kitchen without having to rearrange your living room.
At Legends, you’ll never run out of room to grow. With two landscaped courtyards, a community garden, theatre room, teen lounge and children’s playroom, your family will have tons of space to discover and play – and maybe make some new friends along the way!
Check out staging.liveatcornerstone.ca to learn more about the surrounding community and neighbourhood plans, including schools and recreation.
Pet owners – especially those who have been renters – know how challenging it can be to find a pet-friendly property. Let alone one with an on-site grooming station and beautifully landscaped grounds that are perfect for daily walks.
Living at Legends
Contact us for more information about living at Legends of Cornerstone.
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