Living in a condo can be a very exciting experience. Many people find it to be an affordable and flexible way to enter the real estate market. In spite of this, there are many things to keep in mind as you make this decision.
Perhaps you’ve escaped a basement lifestyle, or a suburban life where you shoveled snow, cleaned your neighbor’s driveway, dealt with crazy drivers, and had intrusive neighbours. Now you are willing to let go of those hassles and enjoy a lifestyle that is fashionable, more affordable and well-suited to you.
Nevertheless, there are a few things you should keep in mind as you make this move.
- There is a good chance that you moved because of noise in your previous home. Some people are lucky to have great neighbours who respect their privacy and are considerate of their home life. Then there are those who are the complete opposite of you who live next door. Living in a condo has its downsides. You never know what you will get into.
Renovations & Fees:
- It may not occur to you, but sometimes renovations can’t be carried out without the building’s owner’s permission.
- The same is true even for something as simple as changing your window coverings
- First-time condo owners may not be aware that all utilities are not included in their monthly maintenance fee. Condo fees usually include your water, but only about 30-50% include your heating costs – less than 25% include your hydro. In newer buildings, each unit usually has its own meter.
Other important things to remember:
- Make sure you book a mover well in advance of your desired move-in date
- If you are responsible for any utilities, inquire if you must arrange for meter readings and account setup or if this is done for you by the condo manager.
- There is usually a damage deposit required by most condo buildings – this can range from $250 to $1000.
- Moving into a building may be prohibited if you are not permitted to use a regular elevator or front door to carry in even non-furniture items.
- You need to take note of how many hours are allowed to move – most buildings have a limit.
- Carton containers should be folded up, bound with twine, and disposed of appropriately.
- Book your cable TV, internet, and/or telephone installation in advance.
How was your experience when you moved into your first condo? What did you find was different from living in your previous home?
Let’s chat! I’m curious to hear about your experiences? Maybe you can even share some great pointers as well!