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3 Factors to Consider When Buying a Condo

Many homeowners look for condos for sale in Dorval because they want a lower-cost, lower-maintenance option than buying a home. But not all condos are created equal, and sometimes, even a high-quality condo may not be the right fit for your lifestyle. Here are a few factors you should consider when looking for a condo to call your own.

1.        Size & Layout

Few factors are more important than the condo’s floor plan. After all, the needs of a single professional just starting their career are far different than those of a family of four. Consider the number of bedrooms and bathrooms within the condo, as well as what kind of storage options are available. Some condos have spacious storage closets, while others do not. Make sure that your condo has enough room for your family and your possessions!

The layout itself can also affect your daily routine. Taking a tour of a condo will give you a better idea of whether you like a particular layout or not.

2.        Build Quality

When buying a condo, you can’t afford to skimp on build quality. Any improvements that need to be made in future years will likely be your responsibility. Buying a condo with quality building materials now will save you money on renovation and repair expenses later. Look for durable features that also evoke a sense of luxury, such as quartz countertops or engineered wood flooring.

Don’t forget about appliances, either — buying a new appliance can be quite costly, so you’ll want to make sure that any appliances that are included with the condo will fully meet your needs.

3.        Community Amenities

Some communities offer the bare minimum in terms of amenities, while others offer more luxurious features like a swimming pool or training centre. Keep in mind that such amenities will affect your monthly payments. Finding the right balance between how much you are willing to pay each month and which amenities you value for your lifestyle should play a key role in your decision. Be mindful of the amenities the rest of your family would like to use as well!

Conclusion

Buying a condo isn’t the same as renting. This is a significant financial decision that will impact your life for many years to come. By evaluating these factors to find the right fit for your needs, you won’t have to worry about experiencing buyer’s remorse and will instead be able to fall in love with your new home.

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