Browse Tag: condo

1

Questions to ask when buying a condo

Buying a condo is a heavy investment but one that’s rewarding in the long run. A good condo should not only be appealing to the eye but also affordable and convenient for you. The demand for condos has grown in the past few years as people continue to realized the benefits.

When you finally find one that you love and meets all your needs, it’s important to ask a few questions. You should ask the management team as well as yourself. The answers will give you a better understanding of what you are getting yourself into and whether it is all worth it.

If you can answer these questions, you can go ahead and own your first condo.

Who is managing the condos?

Some condos have a management team while others are self – managed. Self – managed condos are entirely left to tenants to make management decisions. Tenants meet and set out rules and regulations regarding the tower unanimously. Condos with a management team means that the team sets out the rules and passes them on to tenants who must follow them. If the condos are under a management team, it is vital that you ask to meet them. This will help you ascertain if it is a good team capable of delivering.

Is there storage space and parking space?

2Condos are relatively smaller compared to homes. Unlike homes or townhouses which have attics or storage rooms, condos do not. It is therefore important to ask if you will be provided with storage where you can keep extra luggage and other things like bikes etc. It is also important to enquire about parking space. Even if you do not own a car at the moment, consider your visitors as well as the future.

Ask about the insurance policy

When buying a condo, ask if there is an insurance policy and what it covers. It is crucial for you to understand how much damage the policy covers. If you agree with the terms of the cover, make sure you sign the document and keep a copy. If you forget to ask this question at the beginning, it will be difficult for you to make any claims if/when damage occurs.

How long do you intend to stay here?

Before you purchase a condo, ask yourself how long you see yourself living in that condo. Do you see yourself moving in the next 3 or 5 years? If yes, will you sell the condo or will you keep it and maybe rent it? If you intend to move out in the next few years, you will need to ask the management the terms of moving out. For example, if you see yourself moving but still want to retain ownership, do they allow renting out the condo?

How much are maintenance and tax fees?

3Another important question to ask when buying a condo is about the maintenance and tax fees. You should understand how much money you will be paying and on what basis.

Other important questions to ask yourself as well as the management are rules on the use of amenities by guests, what exactly you are paying for ownership as well as which side you would like your condo to face. If you are still wanting to buy a condo, check https://mysquareonecondo.ca/listing/edge-condos-for-sale/ to learn more.

11kgrjj

NorthYork Condo Life and its Benefits

Introduction

The rise of condominiums or condos, for short, is attributed to the search for new ways to meet the housing expectations of the 21st century’s middle class. Despite the popularity, condos are underrated by those who don’t know how this bit of real estate market works. As a matter of fact, those who may have never tried to buy one may not know the difference between a condo and an apartment vis-à-vis the similarities that they have with traditional homes.

NorthYork Condo Life is modeled to help you capture a mix of nearly any environment that you may want to live in as a person who desires comfort and adores socialistic values and personal privacy in equal measures. North York’s borders many of Toronto’s significant social and economic hubs. This forms a blend of urban and rural life as the plush hills and valleys team with stripes natural water streams with modern architecture, painting a picturesque mosaic of the neighborhood with pulse rate that’s likely to make your life tick for various reasons.

Assured returns

22kngkgkOne of the differences between condos and apartments is that the aforementioned are life purchases while the latter is a usual rental. Condos, like apartments, are divided into units with common areas. As a resident, you’re granted a chance to invest in infrastructure and other businesses within the common areas. On the other hand, you can join the neighborhood to enjoy standard social amenities. These include manicured lawns, treated swimming pools that surrounded with shopping malls and entertainment joints.

Living in an economically motivated environment is often a good idea since these neighborhoods attract people from various parts of the world. And when the uniting factor of people with diverse cultural backgrounds merges, innovative ideas ferment into financial lifeblood worth tapping into. Your NorthYork condo life will, therefore, be part of a real estate venture with substantial future rewards as their market value rise owing to the ever increasing demand for commercial and residential space in North York.

Buy and sell options

The process of Buying and selling a condo in NorthYork is easy, and you can do it all from the comfort of your home. Many of the real estate agents who handle the deals have the right professional connections to help you meet the right buyer or seller in time. They will assist you with the hefty parts of the processes such as processing relevant papers and have the sales agreements written in ways that curtail any future complication which may occur.

33jjhgjehThere are instances when you may want to build your condo as opposed to buying a ready one. The venture can be interesting if you want it to capture outstanding cultural values. You may also like to build a condo that’s in line with modern architectural conventions with a mix of technology and Mother Nature’s inspired designs. It follows that you can have a condo with remote controlled windows and doors that also receive security commands from your smartphone’s applications. The condo could have in-house flower gardens or a rooftop swimming pool. All you need to do is to contact and consult the right team of experts.