When you buy a condo, you automatically become a member of your building’s condo association. The association is governed by the board of directors, who represent all of the owners in your condo community. They are responsible for governing the policies, allocating expenses for building maintenance and collecting the association fees that each owner pays. The question many first-time homeowners ask is: what do I need to do to be a good member of my condo’s association?
Buying your first home means making big decisions and investing big money, which is why it’s important to be prepared when the moment comes.
Here are some DOs and DON’Ts when it comes to buying your first home.
One of the biggest concerns people have when they begin shopping for a home of their own is not being able to afford their mortgage if interest rates rise. Fortunately, all of our properties are sold with five-year fixed mortgages.
Condo developments have come a long way, and builders are mindful of the fact that homeowners enjoy open living space. Ceiling height and lighting choices are carefully considered during construction, resulting in functional, comfortable homes with all the space 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.