Questions To Ask Before Buying A Condominium

After some thoughts, you have decided you will buy a condominium as an investment or for your living. The finance may have been through a mortgage, regular loan or saving. Most people fail in this process by doing hasty decision without either digging deep through research or questions. This being a big and expensive project, you probably have many questions you seek answers to before signing a deal with the developer or the selling real estate agent. Therefore, this article will highlight popular questions one can ask and the answers to expect.

Questions to ask before buying a condo

Is the land a lease hold or free hold?

dfgfgfdgfdgfdgdfgfdgMatters land become complicated every day due to often change of ownership. The condo will have many owners when each buys a unit or two. Things will be easy when the land is a freehold to the developer since buyers will now become part of its shareholding.

However, a leasehold land may complicate matters since the developer does not own. Some entice buyers in the promise that the developer will buy it eventually and change shareholding rights. This in some cases may fail where the owner claims the land after the lease expires. An understanding of this fact before buying will help you make a right decision.

What amenities do you offer?

Every person has what they would like to enjoy in a condo. Thus they need to ask and have it clear all from the beginning. Some condos may miss offering an amenity like a swimming pool or gym house which you love only to have you regret after making a purchase. If it’s for investment, buyers probably will be looking for value addition amenities to give them an upper hand when selling or leasing out. You too need to ask this clearly and get clear answers.

What is the price?

gfhfghfghfghfghgfhThis ought to be the first question so that one can relate all other value with price. Most developers or condo sellers will try and justify their price tag with factors like market value, location, cost incurred and amenities provided. As a buyer, it is prudent to make similar arguments or consult a professional real estate valuator to assist. An experienced investor may not need much consultation and negotiations can proceed.

Conclusions

Buying a condo successfully and at fair prices is one of the best things. This mega project may take a few days depending on the processes involved, but if not careful, a great budget whole can be the results.

If you are looking for reliable and state of the art condos to buy, you can consider, Yonge Parc condos.

Phyllis Castillo / April 25, 2017 / Condos

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Things You Need to Know About Charisma Condominiums

Investment in the real estate is one of the lucrative businesses in the world today because of the high demand for housing by many people. As the world’s population continues to grow, families, students, and individuals are looking for where to reside as they pursue their careers or education. Moreover, some investors like Charisma Condominiums have seen this increasing demand for apartments as an opportunity to allow you to either invest or live in a remarkable environment. If you want to purchase a house to live in or just rent out for others, Charisma Condos is where to go.

Great tips

Location

This project is coming up in one of the most prominent neighborhoods in Vaughan. Based between two of the famous landmarks in Vaughan, which are the Wonderland of Canada and the Vaughan Mills, you have a tremendous view of the beauty and spectacular sceneries in the area. The chosen site is ideal for residential apartments that everyone is looking forward to buying.

Features

The proposed architecture of the site contains five towers set in three buildings. There is also a revised version hjplkkghghthat consists of two 28-storey apartment buildings, one 26-storey apartment building, and two 30-storey apartment buildings. Moreover, it has podiums, which range between two and six stories structures capable of holding commercial premises as well as residential units. By the end of the project, there shall be 3,014 square meters of gross floor areas for business purposes and over 1,814 apartment units for residential uses.

It is a clear indication that this area will be a favorite spot for most people in Canada to either live in or invest in because you will get value for your money. In addition to providing both commercial and residential units for potential tenants, the project also intends to offer parking spaces totaling to 2,573. Out of the available parking lots, 91 are to serve the commercial units while about 272 shall take care of the visitors’ parking needs. The residential parking lots shall be the remaining space, which is the biggest.

Other amenities

kjmnmnmnmnnmOther than the existing natural landmarks and the proposed structures, the plan combines extravagance living with all the new urban conveniences that an excellent entertainment and shopping complex can offer to you.

It contains all the social amenities like sporting fields, hospitals, recreational parks, and shopping centers that you would prefer in your neighborhood. The expected completion date of the Charisma Condominiums is 2018. Make a point of being part of this exciting and most ambitious development project in Vaughan city like no other in recent history.

Christopher Sieg / January 6, 2017 / Condos