What to look for when purchasing a condo?

GazaniaDuring the past year the statistics show a decrease in cost and sale volume. Average days to sell a condo are 123 days, compared to 90 days in 2009. The building of condos is still going strong and there are not enough buyers to go around. In there are approximately 950 condos available, and there were just 435 earnings in those areas. Which means it took to market the product in the marketplace to 1/2. And this area is among the lucky ones. Real estate is a great investment. 12 years ago after reading Rich Dad, Poor Dad by Robert Kiyosake, convinced me that I wanted to get into property. I bought my first property and received my permit. Since that time, with my equity grew to $300,000 from 50,000 $. Whether it is a home, condo or plea, purchasing the one that is right make a difference.

Purchasing a condo is simple, it is When you’re prepared to market that has the largest impact. Nobody wants to be selling their condo for 12-24 months that is what I see. To prevent this, there are some ‘rule’ to follow. This is my list of important criteria to follow when buying a condo for ultimate resale. You wish to buy The Gazania How Sun Drive in an area that is already happening or an up and coming area. Near restaurants, shops, transportation, or some type of feature that attracts people like marketplace or a hospital. Any condo I sell that does not have a balcony deters about 80 percent of buyers. People like to have the ability BBQ and most importantly to walk out. You might think windows Facing a construction or a parking lot does not bother you it will most buyers. With a great deal of condos to choose from, buyers can select a view that is excellent.

If you’re currently buying a Condo, using a garage will provide an advantage to you. Worst case scenario, be sure it has outside parking. Winters in Montreal are a bitch and having to walk a distance to get from their cars or individuals do not need to be shovelling snow. There are a Lot of cookie cutter condos at the moment. You know those high rises with everything looking the exact same with low quality materials. Find a condo with a characteristic that is special. Pick your condo over the others. The nearer you are to downtown the condos get to the money. That is expected. If you’re purchasing a condo and in that place the average is 1200sq’, do not buy a condo for 400sq’, unless the cost per square foot is a steal. All of your competition will be 3 xs bigger than yours when it is time for resale.