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    TANNERZ   35,952
30,000-39,999 SparkPoints

To continue renting or finally making a purchase on a condo..

Thursday, July 28, 2011

I want to buy a condo but Im really not sure. Our lease for the place we rent comes to an end October 31, 2011 and weve given our notice. We have been spending $875.00 on rent for 2 years, so do the math that is $21,000.00 of money that just gets thrown out the window pretty much.
The condo we are interested in is a 2 bedroom in a nice area, newly constructed. The mortgage is $190,000.00 which is steep for a condo but it is a very tasteful place.
Decisions, Decisions!!

Here are a few pictures of the place:

Ahh what to do!

Member Comments About This Blog Post:
TANNERZ 8/3/2011 9:46AM

    I think the SQ feet is a bit over 1000. It's about a 5-8 minute drive away from the big city (Ottawa, Ontario). If we were to live there we'd probably end up paying double.

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NINJA_SMOO 7/28/2011 2:36PM

  It looks nice. I agree with you that rent like throwing money away... You could be paying down your mortgage instead of someone else's!

I don't know what's reasonable in your area, but here, $190K is CHEAP. Looks like a decent size too. Do you know the square-footage?

My boyfriend and I are looking right now too... It's kinda interesting, being in the market. We thought we had found the *perfect* place, but it turned out that the strata was scary-involved and there was a BBQ ban. No go! Keep looking...

Good luck on whatever decision you make! :)

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