A new chapter of your life has just begun, but despite all the freedom, you are now confronted with various housing types, which can be mind-boggling. You might be interested in owning a condo, and you might check out this location in Etobicoke for its investment value.
However, after some time, you may notice the limitations you have from living in a condo, and you are considering buying a house, but the only units available for you are way far from the business region.
If those scenarios are familiar to you, then this article has been designed specifically to solve your problem. Read through!
1. Evaluate Your Lifestyle
First, as suggested in the opening paragraph, condos are the most economical option for professionals. Purchasing a house will be ridiculously expensive in financial provinces like Toronto, Edmonton, or Saskatoon. If you are thinking of leasing one, then you have to be ready for the municipal taxes, utility bills, and maintenance charges. Therefore, if you are a professional who has just started to get a good salary, you’d be better not to spend 90% of your income on leasing a house.
Moreover, most condos come with lux facilities, such as swimming pools, fitness studios, bars/clubs, jogging tracks, and even department stores. Living in a condo is the ultimate solution for modern people who want to live in the modern way.
2. Consult a Property Agent
Different areas have different investment rules. Unless you are a local, you should not be too confident with your thought. It is better to consult your ideas with local property agents to see how realistic your estimate is.
First, browse through the Internet and see which agencies have the most clients and have got active engagements. Legit reviews come from sites Yelp, Rate My Agent, and Google Rating. Go to Tweeters and see if your picked agency replies to inquiries nicely and professionally.
Second, try to get in touch through either emails or phones. Don’t bother to visit the office if you don’t feel welcome! The property business is highly competitive, and you can always find the new ones if you dismiss a particular agency.
3. Visit the Location in Person
Brochures, ads, and suggestions can be misleading. The best way to feel assured of everything after you do the two steps above is by visiting the location by yourself and examine the condition. Sometimes, you even have to do this at least twice or three times.
Many things won’t show up during the first impression. For example, the neighbourhood’s condition is often the most prominent yet overlooked issue that can affect your comfort. Engage in a conversation with any people you can meet near the desired property so that you can make the soundest judgment of whether or not you will make the purchase.