Choosing a condominium: it’s not just the look that counts

Finding the perfect condominium isn’t just a matter of taking into account the number of rooms, the quality of the flooring or how modern the kitchen is. Of course, it’s important to choose a condo that you like and that has a workable kitchen, but you also have to be very sure you can afford it.

The first step is to decide if you want a new or existing condo. If you opt for the latter, make sure it is well maintained and that the condominium corporation is financially viable. In other words, take the time to check the financial records of the condominium association.

When you’re checking the financial records, take a look at the minutes of the meetings and annual general meetings. This will give you a good idea of the general atmosphere of the condominium complex. This is important, as condominium living also requires getting along with your neighbours, especially about the management and maintenance of the building. To limit the risk of conflicts, you’re better off opting for a building where the owners have a lifestyle profile similar to your own. Ideally, you should try to meet some of your potential neighbours.

Bear in mind, however, that even if you get along well with your neighbours, they will be very close to you. A private or semi-private entrance is not a guarantee of intimacy, so make sure the quality of soundproofing is acceptable.

FOLLOWING REGULATIONS

To make an informed choice you also need to be aware of all the rules and regulations, especially where they concern pets, parking and the use of common areas. Make sure they fit your lifestyle and that following them won’t exasperate you on a daily basis.

What are the amenities offered? Is there a tennis court, indoor parking garage or swimming pool? Don’t forget that condo fees pay for all the services, including maintenance. So if you like to swim laps, you’ll be glad your building has a swimming pool. However, if swimming is not your favourite activity, paying for the maintenance of a facility you never use could be annoying.

In short, you can’t choose a condo unit just because you like its appearance. Take the time to consider all aspects of the condominium in its entirety.