What to Look for When Purchasing a Condo



Ordinary days to offer a condo is now 123 days, contrasted to 90 days in 2009. The building of condos are still going strong and also there aren't enough customers to go around. In NDG/CDN alone there are regarding 950 condos for sale, and given that January 2015, there were only 435 sales in those locations.

What to do?

Buying property is a terrific investment. 12 years earlier after checking out "Rich Dad, Poor Daddy" by Robert Kiyosake, persuaded me that I wished to enter realty. I got my license and also purchased my initial residential or commercial property. Ever since, with the realty I have, my equity grew from 50,000$ to $300,000. Whether it be a plex, home or condo , purchasing the appropriate one make a difference to your pocket publication.

Purchasing the appropriate condo

Purchasing a condo is very easy, it's when you are ready to sell that has the greatest influence. Nobody intends to be selling their condo for 12-24 months, nevertheless that's what I see often. To prevent this, there are some 'rule of thumbs' to comply with. Here is my listing of crucial standards to follow when getting a condo for ultimate resale:

Area, area, location ... besides rate this is the top of every person's priority. You wish to either acquire in an up and also coming area, or an area that is already occurring. Near public transport, shops, dining establishments, or some type of function that draws in individuals like a hospital or market.

Balcony. Any condo that I sell that doesn't have a balcony, conveniently hinders concerning 80% of customers. People like to be able to go out as well as most notably BARBEQUE.

Sights. You might think windows dealing with a car park or a hideous structure doesn't bother you, however it will most purchasers. With great deals of condos to choose from, customers will certainly pick a bird's-eye view over a brick wall any day.

Garage. Having a garage will offer you an edge come resale if you are buying a condo. Worst case scenario, see to it that it has exterior car parking. Winters in Montreal are a bitch and people do not wish to be shovelling snow on the Holland Village New Condo street for vehicle parking or having to walk a country mile to obtain from their vehicles to their door.

There are a lot of cookie cutter condos right currently. Something that separates your condo from others. Something unique that will want to make a buyer pick your condo over all the others.

Devices consisted of. A lot of condo buyers look for devices to be consisted of in the condo. It makes it much easier for the relocation and a huge part of the condo sector are new time purchasers who will need them.

The closer you are to midtown the smaller sized the condos get for your money. If you are acquiring a condo as well as in that location the standard is 1200sq', do not acquire a condo for 400sq', unless the price per square foot is a take. When it comes time for resale, all your competitors will be 3x larger than yours.

The flow. Get your Feng Shui books out! Just kidding ... well partly anyhow. Make sure the condo you get has a good circulation from area to room which it really feels open and sizable and not blocky and constrained. Painting just the same light tone of colour goes a long way in giving it that illusion, nonetheless a condo that doesn't stream well will be discovered by purchasers.

The whole idea of this listing is to have a condo that will certainly attract every person. By removing a garage or having actually a smaller sized condo you will reduce some potential buyers off your listing. With the competitors today, you want to attract as lots of potential customers as feasible.


Whether it be a plex, condo or residence, acquiring the best one make a distinction to your pocket publication.

If you are acquiring a condo, having a garage will provide you a side come resale. A whole lot of condo buyers look for home appliances to be consisted of in the condo. If you are acquiring a condo and in that area the average is 1200sq', do not acquire a condo for 400sq', unless the price per square foot is a steal. Make sure the condo you purchase has a great circulation from area to area and that it really feels spacious and open and also not blocky and also confined.

Leave a Reply

Your email address will not be published. Required fields are marked *