Is there any Check list or Comparison sheet in excel, doc or pdf available before buying a Condominium?
Thank you,
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"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi
you can dowload info from here.
https://www03.cmhc-schl.gc.ca/b2c/b2c/init.do?language=en&shop=Z01EN&areaID=0000000001&productID=00000000010000000003
Also here are some imp tips.
Tips for the condo hunter
by Melinda Mattos
B
uying your first home can feel intimidating at first, but the process is pretty much idiot-proof. Your real estate agent, lawyer and bank representatives will guide you, so choose them wisely and don't be afraid to ask questions.
Get what you want: Before you start looking, make a list of your priorities. Consider approximate size, number of bedrooms/bathrooms, location, price, amenities and how soon you want to move. Check out the "Condominium Buyer's Guide" on the Canada Mortgage and Housing Corp. website (http://www.cmhc-schl.gc.ca), which offers an overview of the buying process and a checklist to help you rank your priorities.
Stay focused: Even the thriftiest shopper can lose perspective when dealing in six-figure amounts. What's another $5,000 when you're already spending $250,000, right? Well, with interest, it's quite a lot. Know what you can afford — it's a good idea to get pre-approved for your mortgage — and stick to your budget.
All the world's a stage: Whether you're looking at model suites or resale condos, be aware of the staging that's been done to make the space more appealing — everything from the art on the walls to the bowl of fresh limes.
Remember, it may be no coincidence that your favourite magazines are carefully fanned out on the coffee table. Don't get suckered in by superficial details.
Know where to shove it: Storage space may not seem as exciting as a gourmet kitchen or a wrought-iron spiral staircase, but when you're about to squeeze your whole life into 700 square feet, it's important that there's room for your prized possessions.
Check out the closets, find out whether a locker is included (or available for purchase) and think realistically about where shelving could be added.
Go with your gut: Finding the right home is like finding love: If it's meant to be, sparks will fly. Conversely, if the first 10 places don't float your boat, keep looking.
If something bothers you a little on first sight, it'll bother you a lot when you live there. You shouldn't have to talk yourself into a $200,000 purchase.
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I have only 2 cents to contribute, not a cent more, not a cent less ;-)
Thank you, Very helpful
Ones again Thank you very much
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"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi
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