Why Owning A Condo Is Different

By Author: Robert Wilk
Total Articles: 41
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Owning or living in a condominium is very different from owning or renting detached or semi-detached house because of its dual nature. Besides owning their condo units, the owners have to share the responsibility of the upkeep costs of the common areas like the lobbies, corridors etc. There are also published building rules and regulations that the condo owner has to adhere to. There are several advantages of owning a condominium. It could be less expensive than other types of houses and what’s more you usually have other facilities and amenities included the cost. It however may not be everyone’s cup of tea as there may be restrictions like owning pets or having a barbeque outdoors.

Advantages of owning a downtown condo

Toronto is a beautiful city with a lot of great neighbourhoods to reside in. The advantages of owning a downtown condo are several. For instance, one can enjoy the benefits of living in a cosmopolitan city without the responsibilities that come with owning a detached house. Besides getting an unbroken view of the surrounding skyline, the proximity to your work and other ...
... favourite pursuits is unparalleled. New condos can come with shared facilities and amenities like a gym, swimming pool, parking and concierge and more. If you are looking to buy a place to call home, you can choose from several downtown Toronto condos for sale. You can always one to find one that suits your needs.

Useful tips to follow when purchasing a pre-construction condominium

There are several Pre-construction condos in Toronto for sale, but choosing right one is not an easy task. Here are a few tips to help you with your purchase. Check out the model condo suite before deciding on whether to buy or not. Most condos have ceiling heights between 8 to 10 feet. However, the model condo suites sometimes have ceilings of 16 feet that are usually painted black with lighting dropped down to 8 or so feet, making the rooms feel airier. It is therefore advisable to check with the agent where the ceiling will actually start to get a fair idea of what ceiling height you will actually get. The model condos could also display a certain type of flooring and upgrades like backsplashes that might not be standard in all suites. Check out what is standard and what the extras and upgrades will cost. Study the floor plans carefully. What might appear excellent on paper to a lay man might in fact be filled with space that is unusable and doors opening in odd places. Also ignore furniture that is drawn into a plan and it may be smaller in size than what you have. It is better to ask for the room dimensions and imagine a floor plan without any drawn-in furniture. Check if the builders are reputable and get all promises made by them in writing. Go round the neighbourhood where the building is located and check what local amenities are available, as these are often not to scale in the amenities map provided.

Save time by hiring an experienced realtor

Hiring realtors in Toronto condos to search for your dream home will save you time, as they will be able to identify those condos that suit your criteria and dismiss the rest. A good and experienced realtor will control your offers and counter offers and ensure that you get the best possible deal.

Robert J Wilk is an expert author and has written so many articles on New Condos in Toronto for more info visit http://www.condochicks.com/