Ottawa Citizen

SOME QUESTIONS TO BE ANSWERED

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Who is buying units in the condo — singles, couples, students, young families, retirees? This will determine the condo’s culture. Be careful if the units are being sold to investors as rental units; tenants as a group may be less invested in keeping the property up and more frequent turnover will subject the common areas to wear and tear.

Consider “curb appeal.” Is impressing your visitors with a beautiful facade, entry foyer and other common areas important to you? Not every condo owner cares about the width of the corridors or the decor in the elevators, but many do.

Is there adequate and convenient visitor parking? A good way to deter friends from coming by is making parking difficult.

Are the elevators fast and adequate for the size of the building? This is particular­ly important if you want to be on a higher floor.

Parking is key. Consider ease of access, adequate space for your car and ease of egress into traffic. Fighting your way into rush-hour street traffic can get old quickly; on the other hand, you may be on a schedule that lets you avoid rush hours.

It may be wise to purchase a parking space or two even if you don’t have cars — they can become more valuable over time and can always be sold. Parking spaces can be significan­t inducement­s when reselling.

Check out the storage lockers for size, location and internal organizati­on. You don’t want to have to unpack the whole locker just to get at your suitcases in the back.

Location, location, location. As for all real estate, condo location is paramount. However, there are many factors that determine the value of a given location to a given purchaser. Convenienc­e generally plays a significan­t role and convenienc­e is a very personal thing. Some of the following points will help clarify this.

When examining floor plans and fact sheets, make sure you understand the positives and negatives of the layout. If you have trouble visualizin­g this, educate yourself by quizzing the people representi­ng the various developmen­ts about their layouts. You will soon be doing this automatica­lly when you see a floor plan.

Flow is very important, especially if you are used to bigger spaces. Make sure the room sizes meet your requiremen­ts. This should include the kitchen, which needs to be more comprehens­ive if you plan to cook or entertain. Of course, some facilities have beautiful entertaini­ng spaces and catering services. You might prefer this format.

If cooking is a priority, find out which appliances are included and check them out. If they don’t measure up you may need to upgrade.

Is a balcony important and will you actually use it? If you plan to garden, make sure you know the rules governing your balcony use. If you have no interest in balcony living, smaller is better than larger as it will save you money and upkeep.

Are your critical amenities readily accessible? Of course, accessibil­ity will depend on your level of mobility — committed walker, cyclist or driver. Some may require facilities within their condo complex.

Make sure you know how bright your condo will be and determine how important this is to you. Orientatio­n of principal rooms and window height

are the two biggest factors.

Does the level of security offered meet your expectatio­ns? This applies to building access, garage surveillan­ce, and elevator and corridor security.

Concierge service is both a security and a convenienc­e factor. What will the concierge do for you and during what hours? If you travel a lot, this becomes more important — who accepts the deliveries and brings in the mail?

What are the rules about pets, both yours and neighbours’? How long does it take to get Fido to the grass and what do you do in winter? Or perhaps you don’t want to interact with pets on a regular basis.

Is the condo on a flight path or adjacent to high tension transmissi­on lines? This may not be important to you personally but may become an important issue on resale.

Are there lighted recreation­al facilities nearby that may generate noise in the evening?

Are there local events such as exhibition­s or sports events that may overwhelm traffic circulatio­n intermitte­ntly?

This is not an exhaustive list — just some suggestion­s for starters.

I suggest you make up your own list and rate each potential condo from one to seven on each item. This will go a long way toward ensuring you evaluate your choices rationally. Marilyn Wilson has been selling real estate for more than 24 years and owns Marilyn Wilson Dream Properties Inc. Brokerage in Ottawa, an Exclusive Affiliate of Christie’s Internatio­nal Real Estate. She can be reached through dreamprope­rties. or follow her on Twitter @marilyn_wilson

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