With increasing urbanization, condos are becoming the preferred option of living in Canada. This is probably the reason why buildings such as 25 Mabelle condos are fast coming up in most Canadian cities. Young Canadian families, in particular, are known to have a key interest in condo living over other living in single-family homes. Some of the reasons behind this trend are highlighted below.
Proximity to Workplace
A majority of young families rely on employment as their source of income. This means that they have to consider the cost of commuting to work when choosing where to live. Due to increased population, finding a stand-alone home in the cities is not easy. A majority of the condos are built close to the cities, which makes it convenient for employed people.
Proximity to Public Amenities
A majority of condos are usually located close to public amenities such as schools, hospitals, shopping malls, and banks, among others. Living in such condos means that you can access such amenities quite easily. A young family with children still going to school, for example, will prefer living in a condo that is located close to the preferred school. Given how young families enjoy attending social events and entertainment centers, being close to social gathering places comes as an added advantage.
The building company usually handles the maintenance and upkeep of condo buildings. This means that the residents do not have to worry about maintenance except inside their houses. It helps to save time and effort, which is a lot more important for young families who always have other more pressing commitments. The residents have to pay condo fees which cater to the maintenance of the condo building, among other things. The amount of condo fee varies among different condo buildings.
Type of Lifestyle
The kind of lifestyle that condos offer is the most preferable for young families in Canada. You get a hotel-like experience without the extremely high costs of hotels. For example, you can enjoy facilities such as gyms, swimming pool, and conference rooms which are shared among the residents of the condo building. Sharing the facilities among many people makes the overall cost to be a lot cheaper.
The young families in Canada usually consist of a few members. This eliminates the need for having big houses. Condo units are a perfect choice for such families. Different condos have different sizes and number of rooms. The many options available in Canada allows you to choose what suits your needs the most.
It is not a secret that Toronto’s real estate is booming. As a matter of fact, a significant number of individuals including foreigners are investing in the city’s real estate. Many of them are in the process of buying a condo unit. It is important to note though that whether you are Canadian resident or non-resident, it is paramount that you do a little homework before making a buying decision. Keep on reading because we are about to highlight some factors to consider when planning to buy a condo unit in Toronto.
It should be the first factor to be considered when you are planning to buy a condominium in Toronto. Keep in mind that this city is one of the most expensive cities in Canada. That said, it is expected that the prices of real estate properties here are more expensive compared to other parts of the country. On an average, condominiums located in a prime location in Toronto have a starting price of $1000 a foot. Of course, the prices can vary depending on a couple of things such as the amenities available. Nonetheless, it is imperative to put your finances in order before even thinking about owning a condominium in this part of the planet. It is also important to put other possible expenses into account. This pertains to expenditures like association fees.
It is the reason why condominiums have higher price tags compared to other real estate properties. The truth is that many condo owners decided to buy their condo units because of the available facilities. That said, Make sure that the condominium of choice has the facilities that you want. Not to mention that the condo must feature state of the art security. Although it is important to note that condominiums with a lot of amenities to offer are sure to be more expensive compared to those that have limited amenities.
It is paramount to make sure that you choose a condominium that is situated in a prime location. Do not mind that fact that the price is higher because there is a reason behind it. See to it that the condominium is near public establishments like restaurants. That is not all; it is also important to ensure that the condo is located in a civilized neighborhood.
This pertains to how the developers constructed the condominium. See to it that the condo has been built to the highest standards. That said, make an effort to find out the developers. Do a little research about the company that was contracted to build the condominium. Having an idea of whom the company hired to build the condo will surely help you weigh your options.
Owning a condominium unit in Toronto is excellent. It has tons of advantages. It is important to remember though that you can only take advantage of the benefits if you can choose the right condominium. That said, make sure to put an emphasis on the factors mentioned above.
The prestige that comes along with the process of buying a condominium can be quite overwhelming. This is no easy feat and requires one to follow a sensitive process especially in Canada. As has been the case since time immemorial, there has been some paperwork involved. This is, especially, for the purpose of credibility. An order has to be followed at all times for all deals to go through smoothly. If you are going to buy a condo for the first time ever, you might want to check with an expert first.
Identify your preferred condo
You have probably gone through the awkward moment of walking into a supermarket with no idea of what exactly you are buying. That is how it feels when you want to buy a condo but have no clue which one. First things first, identify your dream condo then move to other pressing issues. You can identify it through the online platform which leaves you spoiled for choices. A look at all the designs will leave you lost for words.
Work with the experts
The condo buying business is quite a sensitive one. A little slumber might leave you vulnerable especially to cons. Which is why you need to take every step with the experts. Allow the licensed dealers to hold your hands and show you the way. This way, you can rest assured that you will never lose track of your ideal condo destination. Proven experts will ensure that you get just what you deserve.
You can never go wrong with this because it is the sole reason that serious partners do business together. Have somewhere that can mention you as the rightful owner of the condominium in question. In case of any arising dispute, you will have an official document to fall back on. You can have two copies; keep the original one and use the other to do business.
Take the deal
Then comes the most sensitive part of buying a condominium. Negotiating prices and finally coming to an agreement. Many have bought condos and can attest to the fact that they have had a series of challenges to overcome. Key being the part where they have to put on their best cap for the negotiation part. It was never easy and never ended without a drop of sweat. Nowadays, easier terms have been embraced and condominium owners couldn’t be happier.
Keep the keys
After all the necessary steps have been put in place, you are finally able to dangle the keys in your hands proudly. You are the undisputed owner of a brand new condominium.