When Buying a Condo
There are three things that need to be considered before investing in a condominium:
• Location- this is very important to look at when you decide to invest on real estate may it be a condominium or a student complex. Location is a number one aspect in your investment that is not negotiable.
• Condition and Age of the Property- Ideally, a condominium complex that is not more than 25 years old is a good choice. Some older condos may still be in good shape but old building actually have high maintenance cost and repair expenses.
• Condition of the condo corporation financially- In Ontario, investing in a condo means buying a part of the condominium corporation as well.