Buying A Condo, Think About Resale

Toronto Condos

There are certain things to consider when buying a condo. 

One of the most important things to know when buying a condo is actually not just the unit or the actual building, but focus on the resale potential. 

Make sure it has what the next buyer will want: 

• a nice view
• an open balcony
• not above the garage entrance or garbage area
• not beside the garbage chute

It is also important to get as much square footage that your budget allows. If you can get the den, get the den. If you can afford the 2nd bedroom, absolutely get the 2nd bedroom. 

In the future, space is sparce, and people in the future will pay to have more of it. 

Builders are always building smaller units, so get as much as you can today. 

Photography

When people are looking to buy a house or a condo, or a pair of shoes or jeans, or tomatoes or broccoli, they will click to see more if the photos are really good. 

If the photos are really good, they are likely to proceed with asking questions and eventually buying. 

Everyone has a camera on their cell phone, and in some hot markets it matters a little bit less, but nothing is more appealing to the consumer than professional photography.

If an agent skimps on taking professional photos, it signals that they are going to skimp on negotiating, and it is very likely that you will get a skimpier price. 

If your agent isn't promising to take professional photos, perhaps ask why they won't spend a few hundred bucks to sell your property that is mostlikely worth several hundred thousand dollars.