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What to search for When Buying a Condo




Well it's no surprise that the condo market isn't doing all that good for sellers. Over the last year the statistics show a decrease in sale volume and price. Average days to sell a condo is currently 123 days, compared to 90 times in 2009. The building of condos are still going strong and there aren't enough buyers to move around. In NDG/CDN alone there are approximately 950 condos for sale, and since January 2015, there were just 435 sales in these areas. Which means it took 6 weeks to market 1/2 the merchandise on the market. And this place is just one of the lucky ones.


What to do?

Investing in real estate is a superb investment. 12 decades ago after reading "Rich Dad, Poor Dad" by Robert Kiyosake, convinced me that I wanted to enter property. I received my license and also purchased my first house. Since that time, with all the actual estate I own, my equity grew from 50,000$ to $300,000. Whether it be a home, condominium or plex, purchasing the perfect one create a difference to your pocket book.

Buying the Proper condo

Buying a condo is easy, it is when you are ready to market that has the biggest impact. No one wants to be selling their condominium for 12-24 months, nevertheless that's what I see sometimes. To avoid this, you will find some 'rule of thumbs' to follow along. Here is my list of important criteria to follow when buying a condo for ultimate resale:
Location, location, location... besides price that is the top of everybody's priority. You want to either purchase in an up and coming area, or a region that's already happening. Near public transportation, shops, restaurants, or some sort of attribute that attracts people like a hospital or market.
Balcony. Any condominium that I sell that doesn't have a balcony, readily deters about 80% of buyers. People like to be able to walk out and most significantly BBQ.



Views. You may think windows facing a parking lot or a ugly construction doesn't bother you, however it will most buyers. With lots of condos to choose from, buyers will select a fantastic view over a brick wall daily.
Garage. If you're purchasing a condominium, having a garage will give you an advantage come resale. Worst case scenario, make sure that it has outside parking. Winters in Montreal really are a bitch and people don't want to be shovelling snow around the road for parking or having to walk a excellent distance to get from their cars to their door.

Something special. There are a lot of cookie cutter condos right now. You know those... high rises with everything looking the same using low quality materials. Find a condominium with a feature that's special. A Beautiful brick wall, designer kitchen, patio doors to a balcony... something that grabs people when they walk in. Something that differentiates your condominium from other people. Something special that will want to make a buyer choose your condo over most of the others.

Appliances included. A lot of condominium buyers look for appliances to be contained in the condo. It makes it simpler for the move and a large part of the condo industry are new time buyers who will need them.

Size. Size does not really matter. The closer you are to downtown the smaller the condos get to the money. That's expected. However if you're purchasing a condo and in that area the typical is 1200sq', don't buy a condo for 400sq', unless the cost per square foot is a steal. When it comes time for resale, all your competition is going to be 3x bigger than yours.

The flow. Get your Feng Shui books out! Only kidding... well partly anyway. Make sure that the condo you buy has a good flow from room to room and that it feels spacious and open rather than boxy and confined. Painting all the same light tone of color goes a long way in providing it that illusion, nevertheless a condo that doesn't flow well will likely be seen by buyers.

The entire idea of this list is to get a condo that will attract everyone. By removing a garage or using a smaller sized condo you will cut some possible buyers off your list. With the competition today, you wish to draw as many prospective buyers as possible.

Visit : https://www.condowong.ca/indxcondos.htm

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News Release: 70 temperance
Submitted on: November 26, 2017 07:46:53 AM
Submitted by: Marshal
On behalf of: www.exactrelease.org
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