These tips are meant to help you understand some of the key elements that affect the condominium market. The more you know, the better your decision-making will be. These are not tips you can find anywhere, but the kind of nuanced information you would expect to get from those who are really in the know.
A deeded parking space is probably worth $75,000. Some developers will reduce the price of a new unit by $50,000 to $75,000 if a buyer wishes to forgo a space. Log In to Add to MyPulse Page
If you buy a problem property, then be prepared to have problems when you're ready to sell. Make sure you're away of any problems before you buy. For example, if your condominium is located across from a noisy hallway or air shaft, or above a garage door, or has a depressing view, these are problems that may turn away prospective buyers in the future. Log In to Add to MyPulse Page
Included in the value of an individual condominium is the value of the building itself. Each building is distinct, and its value depends on its location and the sum of its amenities, which are available to each unit within the building. Log In to Add to MyPulse Page