Thinking about buying a Condo in Vancouver or anywhere in BC? Here’s what we suggest
If you are thinking about purchasing a home, buying a condo is definitely a smart choice. Condos remain a popular housing choice, mainly among the people who are looking for a low maintenance lifestyle along with the benefits accruing from ownership. So, here are a few things to know when buying a condominium.
There are chances that there may be some rules and regulations regarding the occupancy in the condos. The condo may have some limit of the number of occupants in the unit. So, make sure you review any statutory compliance or restrictions that may be applicable.
Fees and Service Charges
Most often the condo associations charge for assorted services, starting minor maintenance charges to somewhat extravagant luxury amenities. Now it’s good to know about those beforehand rather than bumping into them when you already mid-way through the deal.
Lifestyle and Values
Check out the condos for lifestyle and values. Make sure that these condominiums and community share the interests and the values, you are looking for. That’s more from the social perspective; however it will be somewhat critical at the later stages.
There are chances that some alterations may already been done for exclusive use of the place like patio or balcony, or there can also be the restrictions in the papers which require board’s approval for any modification in the unit. Look for the alteration policy properly and see if there are chances that you would find that to be an issue later.
Before buying any condo, it’s also important to be sure about the pet policy. Some particular units do not permit pets and if there are some owners who have ones in their units, they might have taken specific permission or there are chances that no new pets are allowed. So, be sure about the policy, if you have any pets or have plans to have one in future.
Management and Operational efficiency
Spare some time to have a word with the residents living already, have a review of the community and look around carefully to get a general idea of the things. Speak to a few of them and there are good chances that you will get to know a bit more than what you’re already aware of.
Most of the cities in British Columbia are pretty clean (including Vancouver which is among the cleanest city in the world). The government pays special heed to keeping the cities free from pollution. So, always check out the rules and regulations as barbecues may not permitted inside residential areas.
Although, the property gets a new look with a perfect flooring system, it’s important to know which flooring is restricted. For instance: Hardwood flooring looks amazing, but it might be restricted in a condo. So, check out if there is a need to repair the flooring or install a new one.
Checking out the above before purchasing a condo in Vancouver, BC or other suburbs of Canada, will go a long way in making sure that the deal goes smoothly and you do not face any inconvenience at later stage. Vancourver-1 is always there to assist and guide you, if you are looking for help with buying property.
If you are planning to buy a residential property, there are a lot of options available, an apartment, a penthouse, a condo, etc. And, among these one of the most preferred house type is a condominium. As you may already be aware, a condo is an extensive property complex, divided and sold in individual units, which means invariably there are landlords sharing partial ownership of a common property. With this, the buyers of this particular type of property may have to go through a bit of struggle. So, if you are planning to buy a condominium, read on to know what the ownership of this type of property actually involves.
What’s a condo?
A condominium, popularly known as a condo, is a type of residential building in which some parts of the building are owned privately, while other common areas are shared by all the residents living in that condominium.
These types of properties are pretty prominent in most countries where the property rates are getting high. This is so because buying a house at such higher rates is not possible for everyone. However, ones who want to own a home, but cannot afford a single family house, this is the best option.
Why a condo?
Now, that you know what a condo is, you would surely be keen to know why buy a condo and not any other type of property. The reasons behind are quite a bit and money is certainly one of the prime reasons. The prices of this particular type of home increase slowly as compared to the single family dwellings, which makes them an affordable choice in the real estate market.
Not only monetary benefits, but the condos come up with a standard lifestyle. These are the perfect setups for the ones who like living among people and socialize often. The common areas give a perfect chance to the residents to interact and socialize. Most retirees or the senior citizens prefer living in condos.
In addition to this, living in a condo saves the residents from the hectic chores of the house. They need not to maintain the exterior or shared sections of the house individually.
How to find the Right Condo
Finding the right condo involves the same process as buying any other residential property. You just need to finalize what your needs are and look for the available options in the real estate market. If you are “do it yourself” kind of person, online sites have good options for you and if not, there are a lot of professional agents helping you get the type of apartment you want.
Finally, if you have plans to buy real estate as an investor, vacationer or a permanent dweller, condos are something that should definitely be on the list. It is especially recommended if you are looking for a real estate in a special place. Condos are a tad better as compared to any other type of residential property, but depending on the situation, investing in a condo can be a better choice.
Condos are slowly becoming favorite with a lot of people and many simply love the decision they made on this. From utility point of view these are definitely a yes for everyone.
And you can do a lot more.
Easy Renovations to do in a Condo
Canada has a wide number of older condos. The benefit of these condos is the large area and the best localities, however older interior and the hallways are a drawback. Though, everyone will not undertake to take-up renovation, but some easy renovations can do a great makeover.
There are quite a bit of things included in the renovations that you can do in order to spruce up your condo. For instance: painting the walls, adding a little furniture, flooring, etc. In fact, with such easy renovation, there’s no need to go without a kitchen or using a bathroom for long. It can be finished off in a couple of few days as such.
Here are some good ideas to go easy with the renovation and enhance the look of your property.
Getting your condo painted is really simple. It brightens up the space, gives your living area a fresh and modern look. It covers up the holes/soiling on the walls and allows you to relook at where the shelving and pictures can go.
Flooring can make a great difference. If the carpet or your floor has started giving that dull look, call a flooring specialist, look for different floor designs and get it done. It will take only a day or two, depending upon the space. Pretty much done by most condo owners.
Get some fresh furniture
Adding furniture to the space gives it a modern look. Install some cabinets in your kitchen. Choose the color and its design carefully. It should ideally give your condo a modern look. While, installing these new cabinets or the furniture will make your condo look rather different and unique, your kitchen will also give a new feel overall.
Give finishing to your bathroom
The bathroom is one of the main parts of the house. The bathtub, the floor and the appliances in the washroom should be fresh and appealing. Try giving your bathroom a theme, or use matching color combinations in the space. A modern looking bathroom attracts the home buyers to a great extent. Since this is one of the places that people like to be extraordinarily clean, so make sure you have it all set up that way.
Get the lawn cleaned
The garden of your house attracts the visitors to a great extent. So, make sure that you keep it clean and maintained. Get some new and attractive plants, decorate the lawn with pebbles, grow a few more trees and give your condo a fresh and a green look.
Eventually, a condo can be given a fresh and a modern look with such easy renovation methods. And, if this is too much, you can go for selective things. To elaborate: De-clutter your condo, clean the area properly, reset the furniture, and get the appliances and other old gadget changed. Above all, improve the lightening of your home, that will make it look pleasing and a perfect place to be in.
There are of course a lot many ideas in the market that can really help you renovate to your heart’s content, but then best to look around for an expert too, if that helps.