January 2025
Condo owners want what they perceive as the luxury of living in a condo where they don’t have to deal or worry about anything. They want to own their home yet live like renters where everything is taken care of for them.
They don’t want to worry about paying bills except for their monthly condo fee and property taxes. It is preferable when electricity, gas, water, internet, cable and telephone are included in their condo fees along with landscaping, pest and odour control, waste management and everything else that is part of maintaining one’s home.
They appreciate amenities such as a party room, exercise space with modern equipment, swimming pool, reading space and other luxuries that are maintained at the highest level through their payment of condo fees.
Finally, most prefer that others serve as directors or committee members who dedicate their time to managing the community to the highest of standards. When challenges or worries arise, someone else does the work to fix things.
Condo owners do not pay rent. They pay a monthly condo fee to ensure all of this is taken care of on their behalf.
It’s a wonderful life!
