Owning a house in Brampton is always a dream for any individual or a family. There are some important points which must be known or kept in mind before taking a decision on ownership of the condo, as it is a life-time decision.
1. Must plan the budget and see the affordability
of the unit.
2. Look for the payment schedule, what is the down
payment and availability of loan facility.
3. Prefer to hire a reputable real estate
broker/agent knowing the latest market and rates of the houses, condos.
4. Plan and decide clearly about the need of number and size of rooms.
5. Know the reputation of the HOA: Must check
whether the Managing Company is the first owner or the building has changed
multiple hands.
6. Know the reputation of the builder: What are
the other condo buildings have the builder to their credit and whether those
condos have withstood the tests of the time?
7. Is the property free of legal disputes? Check
for the risk of any additional liability.
8. Must check the percentage of condo owners
vis-à-vis residents on rent: higher percentage of residents owning the
properties will be indicative of better maintained building and the other
common areas.
9. Security of the building: Must check the
procedure of entry and exit of guests or strangers. The availability of
security cameras.
10. Safety of the building: Whether the building has been provided with fire- fighting system? What are emergency exit points?
11. Number of elevators: Whether there is adequate number of elevators?
12. Have the building energy efficient measures to reduce on utility costs.
13. Look for entry of natural light and cross ventilation.
14. Has the building back up power system to ensure continuity of power supply?
15. What is garbage disposal system?
16. Look for parking space: Is it big enough? Is it located conveniently? What about visitors’ parking?
17. Availability of amenities like swimming pool, gym: Check for condition and maintenance of these
18. Look for playing space for kids: Is it adequate and safe for them?
19. Must see the availability of Green space and areas for having a walk and exercises.
20. What restaurants, grocery stores are available in the locality?
21. What are the important services like home delivery available?
22. Is there
availability of emergency medical facilities nearby?
23. Must understand and cross verify the carpet area, super area etc. of the unit
24. Floor finish of the condo unit must be checked for its quality and comfort and ease of walking.
25. Check the internet speed and of quality of TV signals and hook-up points.
26. Look for the Air conditioning of the unit and the building and their energy efficiency.
27. Look for the regular availability of clean drinking water.
28. What are the rules for any alteration or modification in the condo?
29. What are the rules for keeping the pets? You must know these beforehand so as not to be in a difficult situation later.
30. Is the
area in the vicinity having any air or noise pollution causing industry?
If you are also planning to buy any type of new house, the best Property Management Company in Brampton can help you out in finding your dream house. Contact Catherine Nacar today at info@catherinenacar.ca or call at +1 905 867 4828…
Best
Wishes for House of Your Dreams
