Are you thinking of buying a luxury condo in Toronto? It helps to understand that it is a big step involving substantial investment, which raises the stakes of making the right choice. This is the reason why you should know how to avoid buying condos that aren’t right for you by looking for alarming signs.
8 Signs that Indicate a Bad Condo Purchase
- Bad Location
When looking for a luxury condo, it helps to take a closer look at the location of the building because the neighbourhood is a critical factor that can influence the price of the unit. If the site does not meet your standards, it is wise not to purchase it.
- Bad Customer Reviews
Using the experiences of people who already live or have lived in the condo you want to buy is a great way to judge whether it is wise to buy a unit. In addition to this, you could also check online for customer reviews before finalizing a purchase.
- Inadequate Security
Check the security and safety measures in the entire building as well as the individual unit. Ask how well-protected the building is and whether anyone else has access to the condo if the door gets locked. If you find the security is not as you expected, you may want to reconsider buying the unit.
- Poor Craftsmanship
Things that may seem small and insignificant such as drywall, cracks on the ceiling, gaps between floorboards, and improperly fitted doors are often an indication of lower-quality craftsmanship. Look for these signs to ensure that you are making a wise investment decision by buying the luxury condo.
- Poorly Designed Floor Plans
Condo units with wardrobes that are not easily accessible, irregular corners where you cannot put anything, or bedrooms designed without a single window are a few examples of bad floor plans. It helps to check the floorplan of your unit to avoid issues in the future.
- Bad Views and High Levels of Noise
Make sure you do not hear any noise from the nearby units and ensure there is enough space between them. Also, avoid purchasing a condo that is located too close to the elevator or facing another building.
- Amenities Under Repair
If you find many items under repair in the building’s common facilities or in your unit, it may be a sign that the condo management does not handle things well or get them fixed immediately. You may want to stay away from such buildings.
- Tight Parking Spots
Look for condos that offer separate unit-wise parking spaces to avoid any inconvenience or damage to your vehicle. Do not buy a condo in a building that does not have enough room allocated to park your vehicles.
The Davies Offers New Condos for Sale in Downtown Toronto
At The Davies, we strive to offer luxury condos in Toronto that meet the needs of our clients. We provide exceptional amenities such as private access elevators, spa-inspired baths, gas fireplaces, and more for luxurious living.
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