Investing in Toronto condos is a scary yet popular proposition. A lot of homeowners are weighing their choices and important factors before making a huge condo investment. The condo market is a constantly fluctuating market. The fluidity has both positive and negative indications that all potential condo buyers must consider.
Toronto Condos at 99homes and Essential Factors
Unlike buying a conventional house, condo investment requires monthly condo fees. These monthly obligations cover the costs of the common amenities in the residential building. Some of the common operating facilities include swimming pools, fitness gyms, and recreation rooms. Condo fees also cover the building cleaners, security, concierge, parking areas, and gardens. You must also check how much the condo fees usually increase in a yearly basis.
About Condo Reserve Funds
The reserve fund is composed of a percentage of the monthly condo fees from unit owners. The corporation reserve fund is set aside for intended major repairs in the residential building. This usually includes repairing the building exteriors, roofs, heating, electrical, and plumbing system. The sewers are also covered in the reserve fund. Investing on resale condos requires you to know if there is enough reserve funds to indicate the financial health of the corporation. The reserve fund is also an indicator of the monthly condo fees.
About Condo Budget
It requires a good amount of your time to research before buying Toronto condos. For instance, check the condo budget whether it is in a surplus or deficit. Know how much the condo budget has increased in the previous years. The monthly condo fees are determined through condo budget. Have the condo budget increased and if so, is it due to utility costs or inflation? Know the answers to these questions to determine the stability of the condo budget.
About Insurance and Repairs
You need to know if the maintenance and repair in the unit your responsibility as an owner or that of the condo corporation. Determine the insurance coverage of the condo particularly the standard coverage from the corporation insurance. Check if the coverage is enough and sufficient or if you think that you still need to get extra just to be sure.
Toronto condos are no doubt lucrative investments for urban living. However, the condo market is a tricky niche to enter. Make sure you have all the information you need to make informed decisions before purchase. Get help from condo experts today!
Are you already excited for your wedding day? One of the things you need to prepare ahead of time for the big day is your floral wedding arrangement. If you will hire the florist Sydney CBD, here are 6 money-saving tips to help you stay within your budget.
- Talk to your chosen florist about your preferred budget
If you don’t want to splurge on wedding flower arrangements, talk to your florist about your preferred budget. Be clear with your intentions of staying within the estimated figure you are willing to spend, so that the florist Sydney CBD can come up with a budget plan of affordable flower blooms to use for your wedding.
- Use local and in season flower varieties
Another way to save money is by using flowers that grow locally and in season. Why? You don’t need to worry about costs like taxes and transport fees that usually come when ordering imported flower blooms. Buying flowers in season offers huge advantage because there is enough supply and the flower growers are willing to offer discounts on bulk orders.
- Go for bigger size flower blooms
If you don’t want to be ordering large quantities of flower blooms, go for flower varieties that have bigger petals like orchids. Ask your florist Sydney CBD about flower blooms that will make elegant centerpieces aside from the traditional roses.
- Limit your flower choices to at least two
When you are spending on a limited budget for your wedding flowers, might as well limit your choices to at least two varieties and buy them in bulk. This will not only help you save more, but lessen the time that you will consume when selecting flowers from a long list of flower varieties.
- Put more greenery
Yes, this will definitely cut back the overall cost of your wedding floral arrangement by putting greenery, whether it is for the bride’s wedding bouquet or reception venue. Scout for vibrant leafy plants that will perfectly match your flower blooms. Ferns are among the top choices to add on floral arrangements.
- Maximize the usage of your floral arrangements
If the wedding ceremony is held at a different venue, don’t just leave your floral arrangements. You can still use them at your wedding reception’s venue. Do the necessary arrangements with your hired florist and inquire if they will be the one to transfer these floral arrangements or you need to assign someone.
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