The condo, which is currently on a 99-year leasehold, may only have around 60 or 70 years left on its lease. These types of properties often encounter limitations when it comes to obtaining financing, and may also experience a decrease in demand and a lower potential for capital appreciation. Consider investing in a new condo instead, as it will have a longer lease term and potentially offer better returns in the long run.
Effortless Living: The Benefits of Owning a New Condo with Lower Maintenance Demands
Moreover, new condos are built with energy-efficient features, such as energy-saving appliances, LED lighting, and insulated windows, which can significantly lower utility bills. These energy-efficient features not only benefit the environment but also save homeowners money in the long run. With lower maintenance costs, homeowners can have peace of mind and enjoy a more comfortable and stress-free lifestyle.
One of the most significant advantages …
