Real estate is one of the biggest investments you’ll make — and it’s also deeply personal because it affects your everyday life. At StreetSide, we design quality homes for people to love where they live, and there are a number of factors that go into getting homes right for multiple families.
Whether you’re a first-time buyer or someone looking to downsize, a new condo perfectly balances quality, style and value – allowing you to build equity while enjoying a maintenance-free lifestyle (with some perks!).
Finding the right condo to invest in can feel stressful, but with a little bit of research and understanding of what you’re looking for, the process is much simpler. Here are three things you need to know before buying a condo.
1. Research the Builder
Unfortunately, some companies care more about profit than product. This can lead to shoddy work, delayed timelines and half-finished projects. It’s the main reason why some people have a poor impression of condo developers.
That’s why it’s so important to research the builder associated with your condos of interest. The right developer cares about the finished project, stands behind it with warranties, and isn’t promising one thing while delivering another. For instance, our 3-D renderings aren’t just promising the world while we deliver something else – they are true replicas of the details of our build.
At StreetSide, we’re a local builder with over 70 years of experience, with a local number to call with any issues. We’re not a run-and-gun out-of-town developer, we’re here to stay and stand by our product.
2. Decide What Type of Amenities You Want
When an interior designer meets with a client, one of the first things they ask is for them to describe their lifestyle. This is because the perfect renovation is made with a family’s routine in mind.
The same theory applies here. When you’re buying a new place, you need to think about the way that you live day-to-day. With condos, amenities can make a huge difference, so it’s important to figure out what matters to you.
Looking for a way to stay fit year-round? An indoor gym might be at the top of your list. Love throwing parties? A large communal entertaining space might be ideal. Condo amenities can range from rooftop decks, to community gardens to swimming pools and more. Pinpointing the amenities that are most valuable to your lifestyle will help you narrow down your search for the perfect condo.
3. Find the Right Building for You
Buying a condo can be overwhelming because there are so many buildings to choose from — it can seem like new places are going up every day! However, we hope that with your list of reliable developers and key amenities on-hand, you’ll be able to start narrowing down your options.
At this stage, it’s good to start focusing on the details. What part of the city do you want to live in? What would you like to have nearby? Look at each building in your desired location’s overall design. Which one feels like home to you? Research the floor plans online and reach out to salespeople for pricing to get an idea of what kind of home you’d qualify for at each building.
For many, the decision to buy a condo is often because of a desire to streamline their lives. Maybe your kids have left the nest, or you’re just tired of the upkeep that comes with a large yard. But downsizing doesn’t have to mean giving something up when you look at the types of amenities available to upgrade your lifestyle. (Underground parking, anyone?)
If you keep your routine, passions and lifestyle top-of-mind, and do just a little bit of research, you’ll find the right condo that has everything you need to live your best life, whatever that looks like to you.