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a condominium

Factors to Consider When Buying a Condo Unit

If you are a first-time condo buyer, you might be surprised by issues to consider. Buying a condo is different from buying a standard family house. Most of these buildings are located in the major cities and urban downtowns like Toronto.  The Quay House Condos offer the best amenities and are conveniently located. You can contact their team if you are looking for modern condo units in Toronto.

Living in a condo means that you should be ready to share some of the amenities or facilities with your neighbors. You should, therefore, be aware of all the restrictions for you to live there. Otherwise, you might end up being sued, forced to comply, or even fined if you don’t comply with the conditions set out.

These units are suitable for individuals who can’t afford expensive single-family homes. They have attractive features and are also easy to maintain. For instance, you will not be required to trim grass or take care of the lawn once you invest in a condo unit. Outlined here below are the essential features that you must consider when looking for a condominium:

Amenities

a pool

Amenities are the facilities that you love so much. Some of the common amenities that you can find in a condo unit include guest suites visitor parking, concierge, swimming pools, a party room, and a fitness room. You should select a unit that has all the facilities that you love using. Again, there is no need to live in a unit with amenities that you don’t use since this might increase the condo fees. It would be best if you put that into consideration.

Location

The location of a condo is very important. Generally, one should select a condo unit that is conveniently located. Check if the place is well-linked with transport routes. The view of a condo is also essential. Ideally, you should look for a unit that has a spectacular view. Also, check whether there are other developments in the neighborhood. The developments taking place in the neighborhood can increase the resale value of your property.

Size of the Unit

size of the room-spacious

The size of the condo unit is another crucial factor that you must put into consideration before investing in a condo unit. Condo buyers should find the square footage of the floor plan to ensure that their furniture can easily fit in the new units. This is very important for anyone who is planning to buy a pre-construction.

Condo Rules

Condo units have regulations and restrictions on residents. As a condo owner, you won’t have the same freedom as a single-family owner does. For instance, you cannot renovate your unit without getting permission. It is, therefore, essential to read all the rules before moving into a new condo unit.

Housing

Why You Should Buy a House

If you’re going to settle down, you’ll need a place to stay. When talking about a place to stay there’s a debate whether to buy a house or a condo. We get it though; a condo has its perks as they come with amenities, security and a smaller space mean less area to clean.
But hear us out, a house has it’s own perks as well, and we’re going to show you what that is. In this article, we’re going to give you some tips on why you should buy a house, read more to find out about it.

You Need a Bigger Area

If you need a bigger area for your family, consider buying a house as it will provide you with the more significant area that you need. Not to mention that you can decorate your house with the accessories that you want, it’s not a guarantee that you can do it when you own a condo.
Not to mention that if you’re planning to have kids, a bigger area might be needed as they need a place to play and privacy for you and your spouse.

You Want to Have Pets

DogIf you’re planning to have dogs and cats, chances are you won’t like living in a condo. A condo usually doesn’t allow you to keep pets inside the building, some allow you to keep pets, but you might have to pay a specific fee.
Not to mention if your dog is barking all the time, you’re going to get a complaint from your neighbor for being too noisy.

You Have a Green Thumb

If you have an interest in gardening, then a condo might not be the one for you. Sure, you can always grow a mini-garden in your condo, but in the end, it doesn’t feel the same as taking care of your garden in the back of your house. If you want to garden, consider buying a house then.

You Don’t Like The Monthly Maintenance Fee

MoneyWhen you live in a condo, they do have amenities such as a gym and a pool. If you’re not planning to use it, they are still going to charge you in the monthly maintenance fee, whether you use it or not.
If you’re not going to use any of their amenities, stick to buying a house instead of buying a condominium as you’re only paying the utility bills.