When selling or buying a condo and other real estate investment, the key element to realize is its price. Real estate properties and investments valuation are not as straightforward as pegging its purchase price. There are several factors that contribute to the proper pricing of a condo or a house. The variations of factors specific to a property make it difficult to come up with the correct price point that is not too low or too high for its market value. We want to buy or sell properties based on what we perceive its worth, most specifically what we’ve ...
Factors that Determine the Value of your Condo
September 19, 2018
Understanding Why Millennials Prefer the Condo Lifestyle
September 11, 2018
Millennials, a true puzzle to previous generations, exhibit a different set of decision-making skills that are both unique and unpredictable. As the younger generation dominates the bigger portion of our society, new preferences that are different from the norm becomes prevalent. One of which is their predilection for condominiums rather than the standard house and lot home. Let’s understand how our young people who are smart, practical and dynamic see the advantages of living urban than rural. Millennials, having born alongside innovations in technology, are fast faced and goal-oriented. Living in a condo in the middle of Toronto gives ...
5 Tips on How to Prepare for a Successful Condo Showing
September 4, 2018
Showing is an essential step in selling a condo. This will let buyers see the property and assess its condition. A lot of buyers make their buying decisions while inside the home for sale. A good showing should help buyers decide towards making the purchase. This is also tricky because buyers rarely allow a second chance after their first impression. Preparation is key. Here five steps on how to prepare for a successful condo showing: Clean and Declutter Start preparing for the showing by cleaning your condo. A thorough clean-up is necessary. Scrub the floors, wash the bathroom, change ...
10 Space-Saver Musts for Your Condo
August 27, 2018
Condo space is premium, the square footage you bought is the square footage you get. There are no options to extend another room or build an additional floor. With the limited floor space, squeezing in all your appliances, furniture and personal belongings can prove to be a challenge. However, there are ways to make your condo, spacious and comfortable without sacrificing style and aesthetics. 1. Try Convertibles Invest in convertible or multipurpose pieces that can serve more than one purpose without occupying as much space. A convertible sofa that can be your ...
5 Key Advantages of Owning your Condominium
August 20, 2018
First time home buyers are usually on the fence between renting or buying a condo. There are advantages to renting a condo, such as flexibility of residence, instant move-in, no permanent commitments and low to no down payment requirement. However, there are also great advantages to buying a condo or a house. So, before you sign on a lease, read the following advantages to owning your home; Increased net worth Buying a condo or a house will likely instantly increase your net worth. This also brings financial advantages such as improved credit score, better lending opportunities and buying ...
Canada Condo Ownership 101
August 15, 2018
Just like anywhere else, buying and owning an apartment in Canada is different than having a house. The house comes with the land it is built on and more. Simply put, you are buying a piece of land and everything within its perimeters – the house, the trees, the mines and minerals, and other improvements built on it. You have the absolute right to everything on, over, and under – within the boundaries of the land. When buying a condo, land ownership and rights are not as straightforward as buying a landed property. Here are the key aspects ...
Top 7 Condo Sellers’ Mistakes you can Avoid
August 7, 2018
Selling a home can be emotionally draining and tough. The problem is magnified when selling the condo itself is hard. Some factors or mistakes can make a condo hard to sell. Here are some mistakes to avoid if you want your condo to sell fast and for the best price; Listing without preparing to sell – Sellers should never skip the preparation step in selling a condo. Clean, declutter, repair and depersonalise your home before listing. Buyers are wary of the ‘as is, where is’ in the listing. It connotes issues regarding the property’s condition or documentation, hence they ...
Things to Know when Considering a Preconstruction Condo to Buy
July 31, 2018
Buying a condo during the pre construction stage is a different process as the unit is still non-existent. Technically, you are paying for a home that is still being constructed or in the plans of being constructed. Presale condos are commonly offered at a discounted price to convince apprehensive buyers. The advantageous price and with proper diligence, you can make the most out of the benefits of buying your condo during the pre-construction stage. Floor measurements – The stated floor area might not be exactly what you’re getting. Developers would usually indicate the square footage up to the boundaries ...
10 Clever Ideas to Add Storage Space to your Condo Kitchen
July 23, 2018
Space-saving is a way of life for condominium residents. Rooms can easily get crowded with the accumulated stuff. The kitchen especially needs to be organised, with all the kitchen appliances, silverware, glassware, tableware, utensils, pots and pans, grocery items and other food items. And while we cannot extend or build another room, we can always get creative and manage what we have. Full-length Cabinets – Go for floor-to-ceiling kitchen cabinets. You can use the top cabinets for rarely used items, while the bottom drawers can store pots, pans and heavy cookware. Modern minimalist cabinets offer a smooth and ...
Factors that Contribute to the Evolving Condo Lifestyle
July 16, 2018
Just a few years ago, buying a condo and actually living in it is mostly considered temporary. A transitional phase, the first step in the real estate investment ladder, a bachelor’s pad, a city home or an addition to an investment portfolio. Condos were the first home until one marries or starts a family, or until one is earning enough to buy a ‘proper’ home. Never as a home to live in and without any plans of moving out any time soon. Condos were not forever homes. But, that has changed a lot. Today, people are buying condos to ...