If you buy condo then you need not take all the trouble of building your home right from scratch.
Here, you need to pay the builder who will take all the trouble of building and you do not need to make any extra effort to chase people to paint your room or mow the lawn etc.
However, while making any Toronto condos hot deals, you should not do that in haste. You need to make few enquiries about the condo builders and also about many other details before you finalise your deal.
Following are few things that you need to know before making the deal.
Enquire about running of condo association
Before signing the contract with the builder, you must make enough enquiry about the reputation of the builder and how they are going to run the condo association. This will enable you to take an informed decision.
Enquire about the budget of the project
You must find out the builder has enough fund available to complete the project. It is also necessary to know the budget and how are they going to fund it. Have they got enough number of interested buyers?
How are the cash reserves?
Make sure that they have enough cash reserves to sustain the project.
Any absentee owners?
If there are more absentee owner then the project may take longer time to complete.
Insurance of the building
Make sure that the building is insured.