With the number of 'single people' buying homes reaching the highest ever and actually overtaking the number of married buying homes, it would be interesting to know how many of the singles are buying condos.
Condos are an all-generational property, and although large numbers of baby boomers buy them up for retirement homes (particularly in warm Arizona),
Grand Dunman Showflat also make a good starter home for the first time buyer: i.e. singles.
This raises some interesting questions - one of them being, are condos a good investment? Another is, how seriously must the condo rules, under which all condo residents must live, be studied before deciding to buy?
Do first time buyers realize that when they buy a condo, they are also buying a unit that comes with a set of pre-made rules that must be adhered to. How do the rules harmonize with the lives of diverse age groups who probably have diverse life styles?
All condos have rules which are designed to make for ease of living for all who live there. The problem lies with the question 'ease of WHOSE living'? The early to bed/early to rise trailblazers? Or the eat late/sleep late liberals? It is highly recommended to check all the rules before you sign on the dotted line. Even small differences can expand into large problems.