Without any buying experience, it is easy to overlook some factors that could turn into long-term problems and buyer’s remorse. Make sure you consider the following 3 things before pulling the trigger on buying a Toronto condo.
- Check the Bedbug Registry
If you are about to purchase a condo in any major city, your first stop should be the bed bug registry (bedbugregistry.com). This website allows anyone to report bed bugs and other pests that they have encountered at a specific location. An interested buyer can easily search the property on the registry to see if the building has ever had an insect problem before.
- Research the Neighbourhood
In Toronto, the safe and not-so-safe neighbourhoods are sometimes a block away from each other. Before buying, thoroughly research the neighborhood to see if your potential property is on the right side of the tracks, so to speak. If you do not research, you may find out too late that you moved two blocks east of a neighborhood that would have felt completely safe, and instead you are living in a neighborhood that makes you feel uneasy.
- Consider the Amenities
Although some condo amenities are quite impressive, you must ask yourself if a rock climbing wall or squash court is something you will ever actually use. Are you really going to sign out safety equipment at the concierge desk so you can climb a rock wall for 10 minutes? Not very likely. Consider which amenities are truly going to serve your objectives before falling for what sounds impressive. A pool is a perfect example of a perk that everyone loves in theory but almost nobody living inside a condo uses.
Considering these three factors when buying a condo in Toronto can save you a lot of headache in the long run. Need help looking for your dream property? At Performance Real Estate Brokerage, we can help.