If you are seeking for condos in North York, Yorkville, Emerald Park, Yonge and Eglinton, York and Sheppard, Yonge and Finch area, then you might want to do your due diligence. Finding a North York Real Estate Agent that specializes in condos will help when looking for one. You will be surprised of the difference between condos from houses. A specialized real estate agent can help you find a condo that is what you are looking for. Specialized condo real estate agents have professional knowledge of condos more than regular real estate agent. Some factors that can assist you are: finding or buying parking, information about lockers, and how different phases of a condo can differ between one another.
Also, when buying a resale condo it is often encouraged to find a home inspector that can help you understand how the condition of the condo is at the moment. This can help you decide which condo you should choose amongst your choice. The cost is normally around $100 for each inspection.
Always think resale.
Even though you live in the same condo for 20 years, there will be a day where you would sell it. So it will be wise to always think about resale when purchasing a condo. Don’t overlook the value of smart upgrades. Not only is it nice to live in an upgraded condo, the resale value is also higher. When purchasing a condo try to upgrade to granite countertops, stainless steel appliances, hardwood floors and quality lighting. It is also recommended that you should try to buy the largest suite you can afford. (Studios and one bedroom suites are more difficult to resell.)
Always try to avoid units that look over garbage pick-up area or garage entrance, as well as near the elevator (more noise and pedestrian traffic). And if you can afford it, try to purchase a parking, since you can rent out during the meantime and then when you sell your condo it will be that much more valuable.
One condo owner, learned all these lessons when suddenly the builders decided to build a new tower in the vacant lot just right next to his condo building, leaving him no view from his property. He then, sold his property and rented a pre-owned suite for a year in a tower nearby. The fees were low, the amenities were great and it was a great location. After a year, he bought an 800 sqft unit in the same building. “I grabbed it as soon as it went up for sale. And I plan on staying here for a long, long time.”
Decide between pre-owned and pre-construction.
If you decide to purchase a pre-owned condo, it is easy for you to see exactly what you are buying. Even though, you may need to renovate it you are secure in the knowledge as to pretty much what you expected.
If, however you decide to buy a pre-construction condo, you are entering the unknown. Yes, there are floorplans and model homes for you to view, but you cannot visualize it until it built. But the advantage of buying a pre-construction condo is you are the first owner of the unit and everything in it will be brand new.
If you find it hard to visualize your preconstruction condo, it is wise to view other condos the same size, in the same neighborhood. For instance, you would like to purchase a 700 sq ft condo. You may view other same size condos in the area and have a sense of knowledge of how 700 sq ft condo feels. You may find that a condo can feel big or small, depending on the layout.
See our list of featured condos in Yorkville or North York and give us a call and we’ll be more than happy to give you a tour of our condo listings in the North York region.