A lot of individuals (mostly young professionals) and small families are being drawn to condo living. Although they would have a smaller space compared to conventional single family homes, condos offer valuable perks like affordability, low-maintenance and easy lifestyles thanks to the amenities. If you’re planning to buy a condo, consider these tips to maximise small space living:
Account for all expenses and possible profits
Factor in all the costs of the purchase and the fees you may be responsible for. Don’t forget the association fees, moving costs, taxes, processing fees for loan applications and the overall maintenance of the property. Consider buying a large property like a 2-story condos; this can be easier to sell when it’s time for you to move to a bigger home.
Explore the property’s lifestyle benefits
Find out if the location or the condo itself suits your lifestyle and preferences in terms of facilities or resources, your neighbours and physical features. Make sure you’re happy with the design and condition of the building, your unit, and the extra perks (like ample personal or guest parking spaces).
Furnish your space wisely
Avoid cluttering the space with furniture and personal items, and if you have a lot of possessions that are not essential every day, have them placed in a storage locker. Maximise your indoor rooms by giving them multiple purposes and your outdoor space (the balcony) by turning it into a garden or a furnished patio.
Ascent Condos at Fairfield Park Inc. 