Permanent property is something every one of us should try to invest in once we are financially secure enough for it because it is very advantageous for us. When you continue living in a temporary property situation like on an apartment lease, it is essentially money going down the drain since you get nothing tangible out of it. Now when the word permanent property is mentioned, we immediately think of a house in the suburbs, which happens to be very expensive and not something most of us can afford.
However, you do have another option here, and that is to invest in a condo. Victoria Sur Le Parc is a relatively new condominium project that has been launched if you happen to be interested. Condos are a surprisingly affordable option that a lot of people do not know about. They are more expensive than apartments, but at the same time they are also more affordable than a house.
If you look at things in the long run, the price for condos actually pays off. With condos you do have to pay an extra monthly HOA fee for maintenance of the building along with the monthly cost. However, you end up matching and saving money in other ways. Condominiums are located within the city district, so everything is within close proximity to you, including your office. So, you end up saving a lot of money that would otherwise go into fuel expenses, along with time as well. Plus, once you have paid off the cost of your unit, you only have to pay the HOA fee. So, with everything near close proximity, permanent property ownership and an attractive living space being available to you and costing you less than a house normally would, condos are actually surprisingly affordable.