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5 Thoughts to Ponder Before Buying a Condo in Barrie

5 Thoughts to Ponder Before Buying a Condo in Barrie

5 Thoughts to Ponder Before Buying a Condo in Barrie

5 Thoughts to Ponder Before Buying a Condo in Barrie

There are many reasons why you should choose to live in Barrie. The affordable living costs, the amazing balance between urban and rural living, and the lively downtown core. With a Barrie condo, however, you get to experience all of that with the bonus of a killer view and an easy, and a “less-maintenance” lifestyle (if that’s what you’re after). Before you sign on the bottom line though you’ll want to put some thought into these 5 areas when looking at condos in Barrie and how to find the perfect unit.

1. Find out what the cost includes

Before you rush into buying a condo you’ve fallen in love with, be wary of any surprise costs. With condos, there are usually a lot of extra fees that aren’t included in the listed price. So, while the price of a condo looks more appealing than a house, it can quickly add up when you include property taxes, maintenance fees, facilities fees and other hidden costs you may not be aware of right away. Be sure to work with a knowledgeable real estate agent or lawyer who understands what’s involved with buying a condo so there are no surprises.

2. Does the condo provide everything you need?

You want to be sure that the condo you pick has everything you need. Does it have storage space available, and if so, is it big enough to accommodate everything? Is there parking available and if so, is it affordable? Are there enough parking spots available? Even if you don’t drive a car it’s recommended to get a parking spot anyways, so you can rent it out. Review what is offered carefully because not all condos offer the same thing.

3. If you’re moving from a larger space, are you prepared to downsize?

When moving from a larger space, a common misconception is how much you need to downsize to fit all your belongings into a condo. Downsizing is a bigger challenge than many people realize. Consider all your belongings and what you essentially need to bring with you. In the age of sustainability as well, try to find a good home for the belongings you don’t plan on bringing with you by selling or donating them.

4. Review the condo rules.

Remember to read the fine print carefully and do your research. A condo is not like a house where you’re free to do whatever you want, when you want. Every condominium is going to have different regulations, so be sure that these rules won’t impact your lifestyle. For example, if you own a pet, some condominiums don’t allow them. Some condominiums can also regulate how you decorate your space as well. Be sure you know exactly what you’re getting into before signing anything.

5. Get the best mortgage and financial advice possible by consulting your friendly neighbourhood mortgage broker!

If you’re ready to get the best advice possible and start your condo search, this is probably the most important step you’ll take. Work with me, Darren Robinson — I can help you get pre-approved for the mortgage you need while giving you sound financial advice when it comes to terms, options and the finer financial details too. Whether you’re buying a house, a cottage or a condo in downtown Barrie, you’ll benefit greatly by working with me. As a mortgage broker with ample years experience, I’ll help you better understand what you can afford, how far your current assets will stretch, and how much you can comfortably live with in terms of a real estate investment. Call me today at 705-315-0516 and let me show you how easy buying your dream condo can be!

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