So you like the paint. The doors’ and windows’ pattern. The patio or terrace. The hardwood floors. Basically, what you see in this beautiful work of art. Excellent! Great! It’s one of the many reasons why people have loved the condos in downtown Toronto.
But of course there are other essential factors you need to consider too aside from the pretty visuals that is before you. Aside from the location, here are other important aspects you need to consider too before actually purchasing that lovely condo.
Security – One of the firsts that I always check is the security of the building. Whether it be alarm systems installed, lights, entrances and exits, etc., I always make sure that everything, or at least if not all, most of the area is pretty secured. Don’t get me wrong ok? I guess it doesn’t hurt to look out for this aspect of a building and be very keen about it. Though the area or place might and seems to be secured enough, It’s always much better to be sure, right?
Amenities – Definitely one of the reasons why people go for condos! There are complexes that offer a lot of good things that are just so “irresistable” if I may say. Amenities aside from the pool like gym(s), basketball courts (whether full court or half court, this almost always instantly gets the guys’ nod!), posh parlors (let’s not forget the ladies!), natatoruim (go look this one up and then imagine it!) and many other things that you have always dreamed about having right outside, in this case inside, your dream home! Now ask. Yes you heard me right. Ask the building administrators how much the monthly maintenance fee is and see if it’s actually something you really need. Yes you want it but, do you really need to spend that much extra just to enjoy the unit’s amenities.
Parking – Oh yes! You knew it. You saw this one coming of course. Very essential and can even go hand in hand with security. Don’t just go for the best spot. Check out the accessibility and the lighting. Believe me, it will come in handy.
Cracks and Leaks – Some are concealed quite nicely but you actually do not have to have microscopic vision or eyesight to notice some of them. Take a closer look and if you are actually able to count 10 or more big ones, then I guess you might want to speak with the building administrator about it. It’s not just for your future condo’s sake. It also is actually for maybe soemthing more important like, let’s say, value or safety. Would you agree?
Now there are many other things to consider of course. And I’m sure you know that. Do not let the things I have mentioned above stop you from buying that dream unit of yours. This article is more of like a reminder for you to just make sure that you’re getting your money’s worth and that the building that you will be living in has a lot of things that “more than meets the eye”.
Calvin Weinfeld is a Real Estate Agent who helps people find downtown Toronto condos.
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