ALL ABOUT CONDOS

CONDO QUESTIONS

Picking the condo that is right for you is going to come down to a lifestyle decision. Before going out to look at buildings I like to meet with my clients and discuss their individual needs and wants as there are many different things to consider when looking to purchase a condo:

The size of the building –high rise or more boutique style, soft or hard loft, condo townhouse
The age of the building – this often affects the size of the individual suites and can affect insurance rates
Amenities – some people prefer a pared down building, where as others want to make full use of a large gym, party room, or guest suites
Concierge or no concierge
Outdoor space – balcony, rooftop terrace or green space to enjoy
Pet policy
Parking
Your down time activities

With so many variables to consider, having someone who is familiar with the buildings, styles and benefits of the area can be the key factor in ensuring your successful condo ownership.

HOW DO I KNOW IT’S A GOOD BUILDING?

Both house and condo buying require a certain level of compromise. It’s best for us to sit down and discuss your exact needs so that I may suggest possible buildings. I often have inside information about which buildings may be of concern or which have a better resale value.

CONDO KNOWLEDGE THAT GOES BEYOND THE UNIT

When you're buying a condo, you're not just buying the space. You're buying into the financial health, management and future obligations of the entire corporation.

I spent more than 12 years on the Board of Directors of my own condo building, so I know firsthand what can be happening behind the scenes and what to look for before you buy.

The status certificate can reveal important information about the building's finances, reserve fund, upcoming major projects, rules, potential legal issues and other factors that could affect both your ownership experience and future costs.

I know what to look for, what questions to ask and, importantly, what can be a red flag.

CONDO OR HOUSE?

When deciding between a condo or house, it’s best to consider your lifestyle, how long you plan to live in the space and your budget.

Here are some advantages to each:

Condo Pros:
– Turnkey lifestyle
– Not responsible for any maintenance to the outside structure
– Great entry into the housing market
– Security
– Flexibility to be ‘right in the heart’ of Toronto
– Views of the city
– Amenities all in one place
– Predictable costs
– Underground parking (if applicable)

House Pros:
– Outdoor space
– More creative reign over renovating
– Larger space for hosting family or friends
– Opportunity to expand family
– Ability to create a ‘work from home’ office
– Connecting to a neighbourhood or local community
– No restrictions on pet ownership

A PLAN FOR SUCCESS

3 easy steps for you to start the process.

1. SCHEDULE A CHAT

2. WE'LL CREATE A PLAN

3. EXECUTE THE PLAN

Sage Real Estate Ltd., Brokerage
Jen Dumitrescu, Broker
2010 Yonge Street
Toronto, ON
M4S 1Z9

jen@jend.ca
416.483.8000