Buying a condo in North York is different from the purchase of a home. All condo communities are unique in their way. Some have rules that can be problematic for some buyers. As such, it is important to have an idea of what you will be looking for when buying property in this part of the country. This article presents five important tips to use when buying North York Condos.
Look at the association fees and rules
Looking the association fees and regulations might seem straightforward at first. However, it is not as easy as it seen considering that will need some time to familiarize yourself with the rules and responsibilities of the association. We are all different. Some people like strict environment where others prefer some freedom. Be sure to ensure the rules suit your personality. Otherwise, you stay there might be short-lived.
Possibility of family growth
The possibility of having a family or adding someone in future should be factored in when buying a condo. This is particularly important for singles buyers planning to move in with someone in future. Look at things like possibilities of having more children and possibilities of relatives of family members joining you in future. You might not anticipate living in a condominium forever. However, if the environment becomes comfortable, moving out might be somehow tricky.
What do the neighbors say?
The experiences of the neighbors living there can be a good way to learn how it feels like living in the condo. Let them share their experiences about the living conditions there and how the association handles issues. The only sure way to learn about the condo is to talk to people living there. Ask questions about the environment there, amenities, parking space, security, and anything that could be of great concern to you.
Research about the property
Before moving in or buying a condo, it is prudent to look at the association’s financial stability and records. Ask for some of their financial reports and histories. This way, you can tell how well the management can handle the funds. For a fact, not one would like investing in a property with an association that in known for misappropriation of funds.
Work with a credible North York Property Agent
Working with a distinguished North York buyer’s agent is highly recommended. This is especially true for first-time buyers. This way, you can stay away from real estate agents that are only there to make money from you. A good agent should ensure you get the best fit depending on your personal preferences.