1. Access to TTC/Highways: It’s not about distance. It’s about travel time. Does your new home provide easy to access major roads and highways and transit?
2. Floor Plan: Wide and shallow units are preferable to long and deep floor plans. This will help you avoid the “bowling alley effect” – long, narrow units are harder to light.
3. Natural Light: A simple rule of thumb when it comes to buying real estate is that bright spaces always look and feel bigger. Corner units typically provide the most natural light.
4. Quality of Features & Finishes: When it comes to the features and finishes of an apartment, are they modern and well crafted? Will they last over time? It may seem like a small thing but these details can affect your re-sale value.
5. Owner vs Tenant Occupied Units: Ask yourself: what percentage of the units are occupied by owners? This is extremely relevant to how a building will wear over time and ultimately will impact the re-sale value of your unit. A building that has more owners than tenants will often fare better in the long run due to their vested interest in maintaining the property.
If you’re considering a condo purchase or interested in becoming part of the Harmony Village community, please contact us at 416-493-0123 or sheppard@harmonyvillage.ca.
Happy Hunting!
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