Thursday, 7 November 2013

Important Considerations on Acquiring a Toronto Condo

Most young professionals and home seekers of all ages prefer to live in condos nowadays, with their personal reasons. A most common reason is that condos are located in the vicinity of their office. Whatever is the reason; real estate Durham is known to give urban living to the residents. And every resident has a dream of urban lifestyle too. If you are thinking of buying condo, be sure to keep these things in mind.

Pricing
When it comes to buy condos in any location, pricing comes first in mind. In Toronto, condos come in different price brackets, depending upon neighborhood, facilities, amenities and other factors added to it. So, you need to choose a condo that fits to your budget and other preferences.

Location, Location, Location
After pricing, this is another major consideration to own a property. If you are new in Toronto, be sure to ask real estate agents Toronto about best neighborhoods to live in. This way, you can consider condos that are located at stone-throw distance from your office, schools, hospitals and the market. If you don’t have your own vehicle, commuting to public transport is one important consideration for you.

Monthly Association Fee
If you prefer living inside gated community, you will have to pay association fee in every month. It will include maintenance and garbage services that are subject to vary as per the building. So, make sure that you will be comfortable with it in future before buying a condo. 

Amenities Offered
Swimming pools, basketball courts, hot tubs, laundry facilities, clubhouse, gymnasium, tennis court, parking space etc. are some amenities offered in condo buildings. So, know what you will be offered before signing a contract.

Rules Set by the Association
There are some rules set by condo homeowners association to follow in the building. You may have to live in your condo with these rules. For instance, they may limit the size of pets homeowners can live with.

Size of the Condo
You won’t be able to extend the size of condo in future. So, be sure to get what you have seen before. It must be large enough to house all of your domestic belongings.

Storage Space
Make sure that condo has enough space to store all of your domestic stuffs. Know the number of closets, size of cupboards and whether it has a garage.

Interior
For most homeowners, the interior location of condos is more valuable. For getting quiet space, you may consider buying condo in corner. For best views, consider buying condos on higher levels. If building don’t have elevator, consider buying a condo on ground floor.

Visit markten-pow.ca to know more about real estate agents Toronto and to invest in real estate Durham

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