Real estate sales continue to grow in Vancouver as mortgage rates remain reasonably low. This is a great opportunity not just for property sellers, but also for prospective homeowners looking to settle in the ‘Couve as well as tenured residents who wish to escape the never-ending cycle of monthly rental payments. There’s something for everyone, and that’s whether they plan to acquire properties for residential or rental income purposes. Continue reading
When buying a new house or condo, you need to make sure you aren’t investing in a money pit. Here are several red flags that can warn you against your potential purchase:
Sure, a newly-painted wall (or a fresh batch of wallpaper) might do well in improving the aesthetics of the property for sale, but at some point you should ask yourself just why there’s new paint in the first place. Sometimes, the motive is more sinister, such as to mask the signs of recent damage, or even the presence of damaging mold and mildew. Continue reading
Buying a condo is a big decision because of the huge financial investment it requires. A wrong move can lead to a considerable loss, so you have to be careful. As a precaution, it is best to work with a reputable realtor. While this may involve some additional expenses, the benefits that you get will be worth the extra money you spend. Continue reading
Buying a house isn’t just about checking the roof for leaks or the basement for mould. You should also take your neighbourhood into account since your home life will revolve around your interactions with them as well as your indoor living. So before you sign on the dotted line, be sure that you’ve already looked out for:
Though the sweet family next-door might not exactly be reclusive thieves or muggers by night, there might be heavy criminal activity right near your doorstep unless you’re careful. Consult the Canadian Mounted Police’s National Sex Offender Registry to know if there might be some lurking around in your neighbourhood, too.
Sure, the neighbourhood might look picturesque and peaceful in the daytime, but how about at night? Most home buyers become so enthralled by how a house looks at daytime that they forget to consider potential night-time deal breakers like loud, obnoxious dogs, street racing, or even a bad ambience that would easily put you off.
If you plan to raise a family in your new home, then looking into the neighbourhood schools is a must. Do some research into the teaching quality of these educational establishments, or at least check the ease of travel from your neighbourhood to the schools that you actually want your kids to enrol in.
Many Canadians have embraced the modern lifestyle that comes with the emergence of technologies like smartphones and tablets, and the further development with the Internet. In Vancouver, people are now accustomed to a fast-paced life where many continuously look for ways to allot more time to productive activities, such as work, travelling, and immersion in social media. To a growing number of millennials, living in a condo makes keeping up with the ever-changing modern lifestyle a lot easier.
Condominiums offer a lot of advantages to the modern Canadian. Condos are less expensive to maintain than single-family homes as the cost of maintenance of common areas and exteriors are shared among unit owners. They also don’t need to put in labor to do this tasks as condo management, for an association fee, makes sure that every facility and amenity like a gym, pool, and garden, are well tended to.
Living in a condo also gives peace of mind as a community like this have secured entrances, cameras, and patrols on the building. The amount of security ensures every tenant that they can confidently enjoy the perks that comes with condo living: life-work balance. People can definitely enjoy the modern life when they get a condominium in Vancouver.
Vancouver’s a great city to live in, what with all its lovely sights and opportunities. The problem is finding a place to stay there. One of the leading options is buying a condo, but considering how expensive real property is, you’ll probably need to do some heavy thinking to be sure you’re getting your money’s worth.
Here are a few tips to make sure your hard-earned money will get you the condominium that’s right for you:
The number one cause for people’s unpleasant experiences with condos is the developer. Mismanagement and building mistakes can be detrimental to anyone trying to live in such a place. This is why it is best to look at the track record of the developer before putting down the money for a condo and making things final.
Location is an important factor. Therefore, a condo in Kitsilano offers something else from a condo in Yaletown. Have an idea of what you’re looking for so that you can limit your search. Some vital parameters in your search include where you will work and what sort of lifestyle you prefer.
Pricing is another thing to consider. Real estate prices tend to fluctuate, depending on the status of the market. Needless to say, you’ll get a better, more affordable deal when the market is in favor of buyers.