Buying a condo is always a big deal irrespective or whether you are upgrading or downsizing from a larger home. However, the decision to buy Yonge St and Sheppard Ave condos for sale is influenced by many considerations since it represents a huge financial commitment. So, assuming you have already decided that condo life is what you want, here are some things to keep during your search.
If you work for a living, you would probably prefer a place that is not too far from your office. From there, look at the availability of things you like, places you like to hang out in, amenities and infrastructure among others. It is not advisable to buy an amazing condo only to realize that t is on the other side of town from where you operate. Therefore, ensure you are comfortable with a given location before making any investment decision.
What kind of people live there? Condos attract people with similar lifestyles. As such, it is no surprise to find a huge population of seniors living in a particular neighborhood. In this regard, a young man living in such an area is bound to have a hard time. Thus, you need to make sure that the people living in there are of similar age. Moreover, you can look at their preferences to ensure that your social lives are compatible.
Most condos have a management in place that ensures everything runs smoothly. As such, you are expected to pay something at the end of the month to ensure the property is well-maintained. Look at the amounts you will be required to pay. This is quite important considering that most first home buyers also pay a regular mortgage. As much as it takes care of insurance, amenities, and maintenance, ensure you are comfortable with amounts you will be required to pay.
Each condominium has its set of rules and by-laws. Everyone living there is expected to observe them. These rules serve to enhance coexistence between the neighbors. Some of this rules restrict certain pets, painting your house or even use of loud noise. As such, check these rules and ensure you are okay with them before buying the home.
Besides the four considerations highlighted above, many others factors play a huge part in the decision you make. When in doubt, it is advisable to consult a property agent or someone with experience for guidance. Make a decision after most if not all your considerations have been met.