Unless you’ve been walking around Toronto with your eyes closed, you’ll see those large buildings called condominiums dotting the city like massive forests of glass and steel. Depending on who you talk to, there are different reasons these are being built in abundance but there’s one thing everyone in the real estate industry can agree on and that’s the fact people are moving back into the core to live in these structures.
So, if you’re looking for a few first time home buyer tips to get in on the ground floor of your own condominium property, read on.
Since the developers are the people with their fingers on the pulse, they are the ones to answer a few questions that should put your mind at ease.
The newer buildings should be energy efficient. That means there could very well be some special equipment that needs to be looked after and you’ll want to know who takes care of those responsibilities before you sign on the dotted line.
You need to investigate how the units are cooled, heated and ventilated as well. It’s a good idea for someone putting together some first time home buyer tips to make sure they know who is responsible for maintaining these systems.
Noise can be an issue in a condominium so you’ll want to talk to the developers about what steps have been taken to limit what passes between the units. This is also a good time to find out about any special environmental considerations that have gone into the building.
Finally, one of the last first time home buyer tips has to do with amenities like pools and parking. You need to know how these are paid for to get a complete picture.
