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Buying Toronto Condo

March 20, 2013

 

Top 5 Tips for Buying a Toronto Condo

Are you thinking about buying a Toronto condo in the near future? If so, here are the top 5 tips we can offer to help make your buying experience fast and easy. These tips are quite different than the ones you are probably used to seeing!

 

Tip #1 - Keep your options open

While you may be set on getting a condo in a low rise building without amenities, you may want to keep your eyes open to see what else is available. In some cases you may walk away with a great deal in a high rise building that has spectacular amenities such as gym facilities and extra security features for a lower price. The more flexible you can be with your options, the better chance you have of nailing a great Toronto condo at a good price.

 

Tip #2 - Purchase the biggest condo you can afford

Keep in mind that it's a lot easier to resell a larger condo then it is to sell one-bedrooms and studio condos in Toronto. Without having to break the bank, buy the largest unit you can comfortably afford to get the most value for your money later on down the road when it's time to resell.

 

Tip #3 - The view will count more than you think

You are going to be looking out of your condo windows a lot more than you think. There are going to be times when you feel like you are cooped up and will naturally gaze towards the window for a relaxing view. Make sure that you take a special look at the view offered at each condo since it will help with your day-to-day life. It will also help with the resale later.

 

Tip #4 - takes a good look at the exposure

If you purchase a condo with a southern exposure it's going to be bright and cheery as the sun streams in but it may also be overly hot during the summer months. As well, if your bedroom is facing south or east, you'll have to deal with the early morning sun as it rises. During the weekends when you have a chance to sleep in a little, this may or may not cause a problem for you.

 

Tip #5 - Take a look at the community both by day and in the evening

It's a good idea to take a look at the neighborhood you find appealing during the day and in the evening. This will give you a better rounded picture of the new community you're about to move into.

 

Use these tips to help you find the best Toronto condo for you. With so many condos on the market, and spring just around the corner, it's the perfect time to check out your options and finally take the jump into home ownership.


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