There is a lot of confusion out there about what a condominium actually is. The word condominium refers to a form of property ownership, not a style of property. However, people often use the term condominium, or condo, to describe an apartment. While an apartment may have condominium ownership, a townhouse, semi-detached (half-duplex), or even detached property could also be in condominium ownership. The following is a breakdown of how condominium ownership works, and what it entails.
Purchasing a home can seem intimidating like a complicated process. However, there are people along the way who can help you. They are your home buying “team.” Mortgage lenders are an essential part of this team. As you start on your journey, read about what every mortgage lender wishes you knew.
Everyone seems to have an opinion about home ownership. But how do you separate the fact from the fiction? Here at Attainable Homes, we’ve found some common misconceptions about home ownership. Don’t let these myths prevent you from fulfilling your dreams of home ownership.
There is a common perception that property management and condominium management are the same thing. However, they are actually quite different. Below, is a high level summary of what is involved in both property management and condominium management.
If you’re going through a tough time and you’re not sure you can make your mortgage payments, contact your lender and advise them of your situation. Your lender may be able to provide options to you that can help you keep your home while you get your financial situation back on track. These could include refinancing, payment deferment, lowering interest rates, or rescheduling payments.
Varsity 4818 is a modern apartment building designed by Nyhoff Architecture and delivered by Lexington Development Management. The three-storey apartment building features underground parking, bike racks, and private decks for all residents. This prime location is well connected to transit, and just minutes away from all the shopping and entertainment you need.
Attainable Homes Calgary Corporation (AHCC) is a nonprofit social enterprise and wholly owned subsidiary of The City of Calgary that delivers well-appointed, entry-level homes for Calgarians who have been caught in the city’s growing housing affordability gap.
Through our Attainable Home Ownership Program, we connect builders, developers, lenders, lawyers and others to bring down the upfront costs of ownership so qualifying Calgarians can buy their very own home with a $2,000 down payment. Furthermore, when you decide to buy an attainable home, you're also choosing to pay it forward to help another family in the future. When you eventually decide to refinance or sell your home on the market, a share of the appreciation goes back into the program to fund more developments that will help even more people get a foot on the property ladder.
Do you aspire to own a home of your own? Contact us today and let us show you just how attainable this milestone can be.