a big building with many windows

Questions to Ask Before Investing in a Condo Unit

John MartinCondo Living, ,

Investing in a condo unit has been the newest real estate trend that most modern people cannot resist. They find condo living more beneficial and a valuable asset for their future. More importantly, the luxurious design and the facilities offered can support their modern lifestyle, making it a top choice among millennials. 1 Yonge Condominium is one example. Not only does it offer a complete set of amenities, but it also offers affordable prices. If you are interested in buying one or two units, you can get more information here.

However, one common problem that investors often deal with is the fact that they know nothing about the investment. It can either be their first time or investment through the hands of the third party. Either way, it is vital to inquire more about the units you are going to purchase. It will save you from unnecessary regrets as well as help you pick the units that are suitable for your lifestyle. Below are several questions that need answers immediately before you sign any agreement papers.

What Are the Most Common Complaints?

Of course, living in a condo unit is just an option that has some things in common with living in a regular house. For that reason, inquiring more about the most common complaints is the best way to measure and visualize your comfort once you have moved in. Talking to management staff is a good idea, but as part of a marketing team, they only focus on selling points. Speaking to the neighbors is also a brilliant idea that you can do. You need to make sure that you know things that they complain about the most to measure the real value of the investment you will make.

How Are the Units Managed?

Most condominium buildings manage themselves. It means that it has no professional managers, but is rather dependent on what the residents agree. It can include cleaning service, repair, and safety. One benefit of this system is much lower monthly fees compared to buildings with professional management. However, you still need to be careful when assessing the actual condition of the neighborhood.

What About the Insurance?

Although all condominium buildings are always insured, it is wise to ask this matter when you get a copy of the agreement papers. You need to know what the insurance covers so that you can avoid issues in the future. It is also advisable to check if the insurance covers your personal belongings just in case an emergency happens.…

a unique condominium under the blue sky

Three Parts of Your Condo that Need Renovation to Increase the Price

Rowen HickmanCondos, ,

Property business is one promising business that can give a lot of money in almost no time, whether it is selling or leasing the property. Especially these days, with the massive wave of condominiums trends, more and more people seem to pursue their ownership of a condominium, making it one business with a lot to expect. The evidence is ubiquitous, with the presence of many advertisements including websites and television commercials.

 

a minimalist white kitchen set

With condominium being a commodity, one can always expect to get a significant profit by selling or leasing, especially if you are the owner of the estate. The primary causes of the condo trends root from the amenities and the building itself. Therefore, if one is dead serious to make it a big and good business, one of the initial things that one has to do is the renovation. There are at least three parts of a condominium to renovate to increase its selling points.

The Kitchen

This part has been the most crucial part of a house for centuries and is even said to be the one factor making a house a home. These days, people prefer to have a complete minimalist kitchen set in their residence. However, aesthetics is also one point here for the minimalist kitchen set, even the fanciest one, is nothing without beauty. Try to play with colors and consider its harmony with the entire building. The cookware with designs is also one valuable consideration.

The Bathroom

a fancy white bathroomAnother vital part of a condominium that needs serious improvisation to double up its value is the bathroom. Comfort and hygiene sure are the things, and design comes the second after that. It is essential to showcase how beautifully packed the bathroom is when you are taking the potential buyers or tenants for a tour. It is also a beneficial act to inquire what the potential buyers or tenants would love to have in the property. This way will attract more people and increase the value of the condominium.

The Floor

Changing the floor might be the thing that is often overlooked. The reason is that nobody has ever thought about how it could change the whole atmosphere of the estate. However, the guarantee is one hundred percent that it will bring changes to the residence. It is one part of the building that the people step on every day. Instead of the monotone ceramics flooring, people can prefer the flooring with unique patterns or use the wood flooring to spice things up.…

real estate agent

Tips for Hiring Real Estate Agents when Buying Properties In Canada

John MartinAgents, ,

The question of why one should hire a real estate agent disturbs many people. Many people end up wondering whether they can rightfully sell or buy a home online. This is possible, and one requires an agent to help out in the process of buying and selling. Some make to buy and sell by their selves while most end up not making it. Real estate agents network with other professionals. Many of them offer services revolving around buying and selling. For background information, seek for references from an agent. Below reasons will assist you in considering the decision of hiring a real estate agent.

Education and Experience

experience

You do not need to be aware of everything surrounding the process of buying and selling a real estate. All you need is to hire an agent who is a professional in this area. Hiring people who are smarter than yourself does not mean you are not smart, it shows you are smarter than them. Finding the right person is the biggest trick. The cost of hiring agents is roughly the same. With this in mind, hire a person who has more knowledge than you. Everyone aims at having a precious time in life and hiring professional guarantees us of that time.

Agents are Buffers

Agents are capable of taking the spam out of their client’s visits and property showings. If your aim is buying a new house, your agent will be whipping out her sword and keeping the seller’s agent at bay. This will help in preventing them from nipping or biting at your heels. In case you are a seller, your agent will assume all those phone calls that do not lead to serious business. This will help in trying to induce only serious buyers to write an offer immediately.

Price Guidance

house pricing

Agents do not price the property on behalf of buyers and sellers contrary to what many people believe. However, an agent will assist in guiding clients to make the right choices for themselves. Agents involved in the selling of homes will ask buyers to weigh the supplied data to them and then to choose prices. Then based on market supply, conditions and demand, the agent will then devise a negotiation strategy.

Neighborhood Knowledge

Most agents possess intimate knowledge. They are also aware of where to find the industry buzzing about your neighbourhood. They can determine comparable sales and the hand over these facts to you. They also point to you the direction where you can find more data on crime, demographics or schools. The agents get updated when houses increase or decrease their prices.

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modern condo

Amenities to Look For When Finding a Condo In Canada

John MartinCondos, ,

Many people have been investing their hard-earned money in real estate. Some of the important things that you need to know when buying a condo unit include the developers’ reputation, its cost, and its location. These are the basic items that you need to know. The available amenities should also be considered. Many people look for top-notch facilities that provide comfort and luxury. The available amenities in a condo are known for adding desirability and market value of a condo unit. Described here below are the top-notch features and amenities that every great condo must have.

Stunning Swimming Pools

swimming pool

Water is one of the essential amenities that draw many people. This is the main reason why condo developers have started including this facility in their condo units. There are different sizes and shapes of swimming pools. A basic pool should have a rectangular shape.

Pools are helpful in providing a welcoming distraction and refreshing break after a tiring, long day at work. A great pool should be accompanied by other essential features like changing rooms, snack bars, and lounge areas.

Green Living

Both trees and plants are helpful in maintaining the well-being and health of a person. These are useful in reducing air pollutants and providing oxygen. Condo units have limited space that prevents buyers from planting their plants and trees. To solve this problem, the modern developers are allocating some common areas for greenery and gardens. Green walls and pocket gardens are provided in smaller developments. Vertical gardens are attached to the exterior and interior of buildings. This can help you in breaking the monotony of steel, cement, and walls around your complex.

Common Areas, Function Halls and Lobby

Hallways and lobby are extensions of the living space. A great condo should have a spacious and wide lobby. The lobby can also include plush armchairs, comfy couches, cozy decor and warm lighting. These additions are helpful in making your guest feel comfortable.

Kid’s Play Area

play area

The condo you are planning to buy should have a play area where kids can play and run. Children should be allowed to get the exercises needed and burn off the excess energy. A play area is another good place where kids can play and interact with other kids. It is through an interaction that children can learn the value of sharing and communication.

 

Library

Reading is one form of retreats. Libraries have become a trend in modern condos. These facilities are well-designed to prioritize families that have school-age children. Children can do their homework and study in the library.

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