Quantcast

EDMONTON HOUSE HUNTING

 EDMONTON'S ADVANCED MARKETING REALTORS®

 

Edmonton Real Estate Blog, Market Information & Well-Balanced Advise

Top 3 Things To Know Before Purchasing a Condominium


Purchasing a condominium in Edmonton can seem over whelming. Below is some helpful advise to make buying an Edmonton condominium a little less stressful.

Edmonton Condomiumns Image


1. Research The Neighbourhood

There are no guarentees, your condo fees will be the same when it is time to sell. Odds are, your condominium fess will increase. Purchasing a condo in a sought after Edmonton neighborhood, such as downtown Edmonton, University Area and Westmount can off set future condo fee increases.

2. Less Amenities Doesn't mean Lower Condo Fees

Everyone thinks that if you're in a building with more amenities you’re going to pay higher condo fees, but this isn't necessarily true. Larger highrise condominimus with gyms, pools, guestrooms etc. are able to spread the cost among the higher population of tenants. Trendy boutique or smaller walk up buildings can have fees that are just as high or higher without any amenities. One of the main factors of condo fee increases is how the building is managed. As a condominium owner, having a say on what needs to be done to help budget your complex can avoid any future levies or special assessments.

3. Does Your Building have a Reputation?

Yes, buildings have reputations! Ask your agent to give you an idea of the building's desireability in the market. Some questions to ask include: how long does it take for units to sell in the building you're considering vs. others in your area? If it's priced below market value, find out why, and be okay with those reasons before going forward.

Read full post
Categories:   #2018Trends | #2019HomeTrends | #Bathrooms | #Buying | #cannabislegalization | #CurbAppeal | #EdmonotonHouses | #EdmontonCondos | #EdmontonHouseHunting | #EdmontonHouses | #EdmontonHouseValues | #EdmontonRealEstate | #HomeEquity | #HouseSelling | #HouseSellingTips | #mortgages | #renovations | #YEG | #yegre | Aldergrove | Apartment | Athlone | Beaumaris | Belle Rive | Belmont | Belvedere | Belverdere | Best Edmonton Communities | Bonnie Doon | Brintnell | Brookfield Edmonton Approved | Buyer | Buyer Brokerage Agreements | Buyer Realtors | buyers | Buyers Real Estate Market | Buying | Buying in Edmonton | Buying Tips | Canada Post | Canon Ridge | Canossa | Carlisle | Chambery | Christmas | Condo | Cumberland | Delwood | Dovercourt | Down Payment | downtown | Edmonton | Edmonton Buyers | Edmonton Home Insurance | Edmonton Homes | Edmonton House Crime | Edmonton House Prices | Edmonton House Values | Edmonton Houses | Edmonton Kitchens | Edmonton Military Realtors | Edmonton Neighborhood | Edmonton Real Estate | Edmonton Real Estate Board | Edmonton Real Estate Forecast | Edmonton Real Estate Market | Edmonton Realtors | Energy | for sale | Foreclosure | Fraser Vista | Free Home Evaluations | Gibbons | Gibbons Real Estate | Glenridding | Griesbach | Half Duplex | Historical Houses | Holidays | Home Staging | Homes | Homes & Gardens Real Estate | House | House Selling | House Values in Edmonton | Income Tax | Inglewood | Kilkenny | Klarvatten | Leduc | Luxury Home | Market | McKernan | Money Saving Tips | Morinville | Morinville Real Estate | Mortgage Preapprovals | Mortgage Qualifing | Moving Checklist | Ozerna | Parkland County | Posting Message | Pre-List | Prices | Pricing Your Home | Property Taxes | Rapperswill | Real Estate | Real Estate Prices | Real Estate Technology | Renovations and Selling | Rosslyn | Rural Leduc County, Rural Leduc County Real Estate | Schonesee | Secrets to selling houses | sell | seller | Sellers Real Estate Market | Selling | Selling During Holidays | Selling in Edmonton | Selling Tips | Sold | Sold Edmonton Condominiums | Sold Edmonton Houses | St. Albert | St. Albert Real Estate | Stony Plain, Stony Plain Real Estate | Strata | Tamarack | tax | Terwillegar Towne | Things to do in Edmonton | Townhouse | University Homes | up | Upgrades | Weather | Westwood | winter | York
Categories
Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.