Are you looking to buy real estate in Mississauga? If yes, then you should know that there are plenty of options available for you. In the last 10 years, the city has experienced a dramatic increase of new condo developments making it one of the strongest real estate market in the country. No wonder, since condos offer relative affordability compared to other housing segments. Before you think that buying a new construction condo is a straightforward process, find out how a Mississauga condo realtor can help you in many ways when it comes to buying your perfect home.
Advantages of Condo Living
More and more people are preferring to live in condos rather than in freehold homes. According to Statistics Canada, 1.9 million Canadian households live in condos. In fact, one third of new homes built in Canada between 2011 and 2016 were condos.
Owning a condo is like owning both an apartment and a home. Condo ownership is different from freehold homes in the sense that you own your unit, but you share the ownership of the land with, building and common areas with other tenants. The board of directors or a property management company make the big decisions and you share costs with fellow members of your condo association.
There are many benefits to condo living, including:
- Less maintenance. You don’t have to worry about upkeeping. The monthly condo fees will cover the services of someone to take care of outside work like gardening and shoveling the snow in the winter.
- Amenities. Condos offer gyms, pools and recreation rooms for social activities.
- Location. Condos are located in a prime spot in a major city- you’ll have easy access to work, dining, activities, public transportation and other amenities.
- Security. Condo buildings typically have secure entrance or a doorman. Also, you might feel safer with neighbours on either side, or worry less if you frequently travel.
There’s no doubt that Mississauga is a great city to invest and live in. Never has it been so accessible and appealing for homebuyers to buy a brand new home or condo unit. With so many new condo developments in Mississauga, it’s important to have a realtor on your side even if the process seems straightforward. Here’s why:
- Connect you to a reputable builder – A condo realtor will make sure to connect you with a builder you can trust and that can save you from a lot of problems down the road.
- Stand behind you – purchasing new construction typically takes a longer time compared to buying an existing home. It goes through a long process from visiting the sales center, to choosing your layout, construction, inspections, until closing. Before then, imagine all the potential delays that might happen along the way like permit issues, construction delays, and financing concerns. An experienced condo realtor can help you in these situations.
- Negotiate – Realtors knows how to spot areas where you can have more room for negotiation. Builders often try to keep their sales price up so that the next buyers through the door see the higher closing price.
With a Mississauga condo realtor by your side, you’ll rest easy knowing someone is there to protect your money, your time, and your new home.
Sushma Khinvasara is an accomplished real estate agent with extensive experience successfully navigating the market in the GTA. Regardless of whether this is your first purchase or if you are an experienced real estate investor, Sushma’s extensive knowledge of the local real estate market can help you successfully navigate the buying and selling of investment properties in the GTA.
Discover the excellent investment opportunities available in prime locations such as condos in Mississauga. Contact Sushma Kinvasara today.