Tips of Choosing a Condo

top condos

Most individuals prefer life in a condo simply because of the prestige as well as the convenience that it provides. However, choosing the right one is undeniably challenging. Equally, it’s like an individual choosing lover-yes that is the point.

Reason being you have to take all the considerations and not just the price and the appearance. It is crucial to decide on the best condo that suits all your requirements. Basically, a condo is a shared property with owners of every unit. Therefore, before settling on a condo, be sure to look into various factors. The following tips will help you to choose the best condo that suits your needs.

What Do You Prefer?

choosing a condoA condominium is either low-rise or can be high-rise, so it’s upon you to determine your preference. If you prefer to be more private and maybe a quiet place, a floor on a high-rise condo will be your perfect bet. But in case you’re not a fan of heights then low-rise will be the one you need. Will as well be a good one if you like encountering with other people.

Has To Be a Perfect Location

Location is as well important when choosing your condominium. Before signing on the dotted lines consider first its location. Go an extra mile and do your research for an ideal place. Determine whether it should be close to your workplace, easy access to the means of transport, and for your kids, if you have, consider whether there are schools around or the distance between them. You will also have to check for supermarkets and stores nearby.

Consider Your Budget

It is always advisable not to invest in anything that is beyond an individual’s financial capacity. In this case, you should not invest in a condo that is above your financial capacity. The down payment should not be only the center of focus as there are some other fees like electricity fees, monthly dues, HOA fees, and others.

Remember investing in an extremely expensive condominium may, later on, lead to financial problems. What you have to do is being realistic and practical as well.

Have an Idea of the Developer

This is an investment you’re making, so take your time to know the developer. Consider their credentials and products. At the end of it all, you will have learned whether to trust them with your money.

Security

condo preferencesIdeally, condominiums have security ways for their dwellers but you should be sure how tight it is for your chosen condo. CCTV cameras should be installed and working as well as the security guards should be actively roaming the vicinity. Also, check whether the fire exists is accessible just in case of an emergency.

Rules and Regulations

Not all rules are the same for a condo. Some will prohibit some things while others may not. Make sure you request for a copy and go through all of them keenly so that you can know whether you’ll be comfortable with them. Avoid surprises once moving in.

Above all know about the payment scheme that you will use as well as get to know your neighbors. You should consider every detail and leave no room for regrets later of a wrong decision made.…

Living a life of luxury with a Toronto condo

Tall condo building

Everyone likes to live a comfortable life, but find it challenging to locate and purchase a house in or near a city like Toronto that can give them what is needed. This is why in the last few decades condos have started popping up everywhere. If you look at the city’s skyline, there will be many highrises and also condo buildings. The reason for the growth in this area is that people want to live closer to their place of work and other facilities like schools, malls, hospitals, etc. But remember not all residential buildings are condominiums. Some are apartments, and they are not necessarily built for luxury. Let us look at what you can expect from a prestigious condo which will be a nice luxury home for you and your family.

Spacious units

Inside of a condo

High-end developments do not cut corners on space and design each unit with many rooms and enough space to move around with ease. Apartments are not built this way so you will not feel chocked up in a box if you live in a condominium. You will find the space in most units can easily accommodate four people which is why they are ideal for a family too.

 

Materials used

When a developer builds a luxury condo, they use materials that give the look and feel of elegance. Floors will be parquet or carpeted, walls will have high-quality paint or wallpaper, and the appliances that are inbuilt will be of superior quality. There is no doubt that this increases the price of a unit, but it is worth it when you can spend every day in the lap of luxury and not feel bored or underwhelmed.

Building services

Condo interiorUnlike a regular apartment, high-end condo developments will have many services in the building for which you will have to pay a monthly or yearly maintenance fee. These services can include cleaning of public areas, the use of swimming pools, gymnasiums, libraries and other facilities. There will also be security personnel who will ensure that no one uninvited can visit you or come to your unit unless you say they can. Condos often have restaurants and bog lobbies that are great to entertain your guests. All these areas will be maintained beautifully by landscapers, and you will always feel that you are living in an oasis of luxury even though it is located in the middle of a busy city.

 

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Management of Canadian real estate homes

There are several reasons why many people resolve to relocate from one real estate to another. One of it is that they find the management in the current real estate not good for them. In fact, one of the things that you should consider when looking for a rental home is the management. When the management of the real estate is perfect, then the chances are that everything in that home will be perfect. Here are some the characteristics that are associated with Canadian real estate management.

Professional property managers

Canadian real estate is normally characterized with professional property managers. These are people who know what is expected of them and they will, therefore, do anything at their disposal to ensure that every tenant is well taken care of. If there is a conflict amongst the tenants, there are proper mechanisms that have been put in place to ensure that the conflict is solved amicably. When everything in the estate is handled professionally, then there will be fewer issues within the estate.

Technology-oriented

Everybody will agree that we are living in a technological era. What this means is that for life to be smooth and comfortable, technology should be given the top priority. Nowadays, there are modern software that are used to manage the Canadian real estate homes. One of the advantages of this is that every process that is undertaken during the management of the estate is not only smooth but also effective. Communication is very important when it comes to the management of any property. Recording and proper storage of information is what is needed to solve problems that might arise shortly.

Handle tenants appropriately

If you set out to find out why most tenants are not satisfied with their management, you will find out that they are never handled in the right way. Professional property managers should be in a position to solve any issues however difficult they might be in an amicable manner. Discriminating against some of the tenants based on various issues including their races is something that you will never get in the Canadian.

Keeping the property in good shape

If you find a real estate where the condition of the property is not promising, then it simply means that the management of that real estate is not working properly. In fact, one of the ways you can tell on the effectiveness of the management is simply looking at the condition of the property.

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Advisory Group

Independent Advisory Group on Real Estate Regulation in BC

The independent Advisory Group, chaired by the Superintendent of Real Estate, brings together experts from across a range of public and private organizations to review the conduct requirements in place for real estate licensees in BC, and to examine whether those requirements are adequate and whether they are being effectively enforced.

About the Independent Advisory Group

On February 9, 2016, the Real Estate Council of BC initiated the creation of an independent advisory group to review the Council’s handling of licensee misconduct. BC’s Superintendent of Real Estate, Carolyn Rogers agreed to Chair the Advisory Group. On February 22, 2016, Ms. Rogers named her group members and outlined the Advisory Group’s key areas of focus.

The Advisory Group is examining the current real estate regulatory regime to determine whether it adequately protects the public interest from real estate licensee conduct that is inconsistent with the duties and standards required of licensees. The group has outlined its mandate and the scope and focus of its work in comprehensive Terms of Reference.

 

The Advisory Group will provide an interim report to the Real Estate Council by April 8, 2016, and a full report and recommendations by the end of May, 2016.

Learn more:

Terms of Reference
Independent Advisory Group named; work begins to examine real estate practices in BC
Independent Advisory Group Membership

The Superintendent of Real Estate, Carolyn Rogers, is the Chair of the independent Advisory Group.

The advisory group members are:

Howard Kushner, Barrister and Solicitor, Kushner Law Group
Don Wright, President and Chief Executive Officer, Central 1 Credit Union
Audrey T. Ho, Commissioner, British Columbia Securities Commission
Bruce D. Woolley Q.C., Stikeman Elliott
Carol Geurts, Associate Broker, Century 21 Veitch Realty, Creston BC
Tony Gioventu, Executive Director, Condominium Home Owners’ Association of B.C.
Ron Usher, General Counsel, Society of Notaries Public of British Columbia
Read more about the Independent Advisory Group members

Press Releases and Media Statements

March 15, 2016: Terms of Reference Released for Independent Advisory Group
Feb 22, 2016: Independent Advisory Group Named
Feb 9, 2016: Superintendent of Real Estate To Chair Independent Advisory Group
Feb 8, 2016: Media Statement
Links and Resources

Terms of Reference
Advisory Group Members
About the office of the Superintendent
About the Real Estate Council of BC
Your Input…