Genesis Property Management Group Inc.

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Advantages of Renting a Condo Over Renting an Appartment

When looking to rent a new place to call home, it is important to know what features are non-negotiable for you. So before you decide on Apartment Sweet Apartment, here's 5 things to keep in mind, and maybe you will want to to call it Condo Sweet Condo instead;

1) Ensuite laundry

It’s one of the most overlooked—and most time-saving—aspects of condominium life: Instead of hauling that laundry basket down to a laundromat or basement laundry room full of paid machines, all you have to do is open the laundry closet door, start your load, and go about your day.  No hoarding quarters or keeping track of a building-issued chip card; no need to set a timer to switch loads or camp out with a book; no showing up after hauling the laundry bag out to find zero free machines.  And no running into your Modern Lit professor in the elevator with a basketful of very visible underwear balanced on your knee.

The small convenience of ensuite laundry adds up to a lot of saved time and comfort, and if you have a small child, a sick partner, or just a very busy schedule, having that washer and dryer in your unit becomes a lifesaver.

2) Air conditioning, guaranteed

Climate control isn’t always a given in an apartment rental: to economize, most purpose-built rentals were built with a central system, and no thermostat to adjust the heat or cool air in each unit—which is why half the renters you know have a window AC unit, or know where to get one.  But with condominium units built for owner occupation, there’s a practical guarantee you’ll have AC during those three muggy weeks in August—and that, amortized into the condo fees, it won’t cost you your whole August paycheque.

3) Upkeep that’s aimed at the long term

Common area upkeep is another of the subtle—but crucial—elements of living in a high- or mid-rise building.  If the lights in the lobby don’t always work, if the elevators are frequently out of service, if the hallways are never really clean, there’s an impact on your day-to-day life that adds up.

Condo buildings, who put that upkeep in the hands of the residents—and fire property management companies that don’t meet those day-to-day standards ( We meet those standards though! )—have a lot of reasons to be exceptionally conscientious about their state of good repair: any faults or major issues that start with slack upkeep will be showing up on the condo board’s bills—and the people who live there will be the ones putting up with the repair.

4) The ever-present amenities

It’s the most harped-on point when it comes to discussing the condominium decision, but it’s a valid one: Renting in a condo building isn’t just renting your unit, it’s renting a party room, a swimming pool, a workout room, a rooftop space, and more, up to and including meeting rooms, dog wash stations, cinema-style home theatres, rock-climbing walls, and urban gardens, or whatever other amenity the condo complex may feature.

Taking full advantage of the amenities in your building can save you a bucket of money and time compared to searching them out in the city while living in a rental-geared apartment.  What you save on the commute to the gym alone is worth a second look at condominium living.

5) Security

Good building security is an investment: It means decent pay for the security staff ( if applicable) so that desk isn’t a revolving door of uniforms, a good coverage of operating hours, building relationships with the people living in the building, and having a strong awareness of what issues the neighbourhood around the building faces, and how they change.

Not to mention that a stable security presence is a great way to keep arguments inside the building from getting too far.  A concierge or security officer knocking on your neighbour’s door to ask them to keep it down past midnight is a problem solved—one without noise wars, bad blood, and stress for everyone involved.

As ever, everyone’s deal-breakers when it comes to renting their new home are different—and they should be!  Weigh the advantages and disadvantages carefully, and if these five factors are important ones for you, a condo rental might be the best way to set up your new home.


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