Differences Between a Bareland Condo & Conventional Condo

In the vibrant city of Edmonton, Alberta, the real estate landscape offers a plethora of housing options to suit diverse preferences and lifestyles. Among the most prevalent choices are condos, which come in two distinctive flavors: Bareland and Conventional. If you’re a prospective homebuyer seeking clarity on these options, you’ve come to the right place. In this comprehensive guide, we’ll delve into the nuances of a Bareland condo and a Conventional condo, comparing their features, pros, cons, cost-effectiveness, and more.

Understanding the Basics

real property report edmonton bareland condo conventional condo

bareland condo

A Bareland Condo and a Conventional Condos each bring unique advantages to the table. A Bareland Condo, sometimes referred to as a “bareland townhouse,” is a type of property where you own the dwelling and the land it sits on. These condominiums can even resemble your typical neighborhood of single-family homes, townhomes, or even duplexes and this means you’re responsible for maintaining your unit’s exterior and the plot it occupies. A Real Property Report (RPR) is typically required for Bareland Condos. This report provides a detailed legal description of the property, including its boundaries, structures, and any improvements made to the land. Since Bareland Condo owners own both the unit and the land it sits on, the RPR is essential to accurately determine property boundaries and ensure compliance with local zoning regulations and property restrictions.

On the other hand, a Conventional Condo ownership model entails owning a unit within a multi-unit complex while sharing common areas and amenities with other owners. The condominium corporation takes care of exterior maintenance and overall management. In the case of Conventional Condos, where the ownership is focused on the interior space of the unit and a proportionate share of the common areas, a Real Property Report might not be as relevant. Exterior maintenance and common area management are the responsibility of the condominium corporation, which oversees the property as a whole.

Comparing Pros and Cons of a Bareland condo & Conventional condo

Bareland Condo-

Pros: 

  • One of the standout features of Bareland Condos is the level of customization they offer. As a homeowner, you have the freedom to tailor your property’s exterior according to your taste and preferences. This could include landscaping, exterior paint, and architectural details that reflect your unique style.
  • Since each Bareland Condo unit is an independent dwelling, you’ll likely experience a greater sense of privacy compared to Conventional Condos.

Cons: 

  • The responsibility of exterior upkeep falls squarely on your shoulders. This might involve higher maintenance costs and more time investment.
  • While you have more control over your property’s exterior appearance, there may still be certain guidelines or bylaws that dictate the range of customization options available to you. Understanding these regulations is essential to ensure your creative vision aligns with the community’s standards. If you need help with any Edmonton bylaws, check out our other blog posts or give us a call at 780-800-1260

Conventional Condo-

Pros: 

  • Exterior maintenance is taken care of by the condominium corporation, freeing up your time and reducing unexpected costs. Access to shared amenities can provide a more luxurious lifestyle.
  • The presence of a condominium corporation ensures that the property is professionally managed, from general maintenance to enforcing bylaws. This can relieve homeowners of the day-to-day management burdens associated with property upkeep.

Cons: 

  • Monthly condo fees cover common area expenses, which might make them slightly higher than Bareland Condo costs. Additionally, you have less control over external appearances.
  • Condo corporations establish bylaws and regulations that govern aspects of communal living, such as pet policies, noise levels, and common area usage.

As you navigate the exciting world of Edmonton’s real estate, choosing between a Bareland condo and a Conventional Condos may seem like a daunting task. To ensure that you’re equipped with accurate information about your chosen property type, enlist the expertise of Arc Surveys.

It’s essential to note that the specific requirements for Real Property Reports can vary based on local regulations and the policies of the condominium corporation. Give us a call or send us an email to understand the exact documentation and reports needed for your specific property type and location.

Here at ARC surveys, we provide invaluable assistance in helping you procure or sell your condominium in Edmonton. Offering professional expertise, precise measurements, and adherence to local regulations, we would be more than happy to help you if you need to obtain a Real Property Report for your condo! Contact us at 780-800-1260 or send us an email to info@arcsurveys.ca