YOUR INSIDE LOOK AT KELOWNA REAL ESTATE DEVELOPMENTS

So you love NEW just as much as we do! If you have your eye on some of the new Kelowna townhome and condo developments hitting the market, but aren’t quite sure which property type is right for you, you've come to the right place. Based on your budget and lifestyle, there is much to consider when deciding between a condo and townhome. Here we’ll outline some key differences between condos and townhomes to help you decide which type of multi-family home in Kelowna is right for you.

CONDOS

Condo living is perfect for those who are looking for security, price point, or a lock-and-leave lifestyle. Common buying groups generally are first time home buyers, retirees, working professionals, downsizers, vacation home buyers, and investors.

Top benefits of condo living:

• Generally, one-level living
• Increased security, great for the lock-and-leave lifestyle
• Less home maintenance required
• Often have shared amenities and social spaces such as gym and/or community pool
• Often located closer to vibrant urban areas
• There is usually a lower starting price point for condos
• Strata fees sometimes include utilities

TOWNHOMES

Townhomes offer living space that closely resembles a single family home. With nobody above and below you, generally a front and back yard, and private parking, townhome living is a great option for families and downsizers.

Top benefits of townhome living:

• Floorplans closely resemble a single family home
• Generally only 1 or 2 shared walls, with nobody above or below you
• Privacy
• Often have yard space
• Often have a private garage
• Typically lower strata fees than a condo
• Allow you to live in a community of like-minded individuals

There are a variety of Kelowna new home developments coming to market next Spring. Let us help you decide what product type, location and amenities are right for you. Nobody knows NEW like we do. Give us a call at 250-258-9888.

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We LOVE talking about new home communities with our clients. There are so many to choose from in the area, in all phases of sales and construction. We'd love to help you narrow down your choice to suit your ideal lifestyle. Give the Nyrose & Associates team a call at 250-258-9888.