How to choose a floor

Generally speaking, the higher the floor, the more expensive the same unit. At present, for real estate in DOWNTOWN, North York and Mississauga, the FLOOR PREMIUM charged by the average developer is 1,000 Canadian dollars per floor. In other words, for the same unit, the total price of the second floor is 1000 more expensive than the first floor. Developers in other places generally charge 500-1000 Canadian dollars for FLOOR PREMIUM. The higher the floor, the better the view of course. But for investors, the higher the floor, the greater the investment value. For example, a unit on the 28th floor is 20,000 more expensive than the 8th floor, but when renting out, the rent on the 28th floor may not be charged an extra 100 yuan. After the new condo is delivered, in the RESALE market, FLOOR PREMIUM disappears as the building age increases. Units with higher floors may not necessarily be more expensive than units with lower floors. In the RESALE market, the transaction prices of units on different floors are related to the supply and demand in the market at that time. The unit’s CONDITION, buyer, and seller’s MOTIVATION are related. Some buyers have a fear of heights, and they don’t like to live in a house with too high floors. In addition, the higher the floor, the stronger the wind, especially the high-rise units near the lake, the wind on the balcony is particularly strong, even in summer, it is not comfortable to stay on the balcony for a long time. Therefore, for investors, it is better to buy low- and mid-level units. If the building is 50 stories high, generally speaking, you can buy 8-35 stories.

How to choose a unit/house type

Generally speaking, the most popular apartment types for investors are 1Bed+DEN, 1 bedroom, and small two bedrooms. Because these units are cheaper. It is easier to sell or rent. Large units, such as 2-bedroom and 3-bedroom units, are more expensive, and END-USER is more likely to buy it. In recent years, in order to cater to the needs of investors, developers have had a relatively high proportion of small and medium-sized units in a building, resulting in a small number of large units. So in the future RESALE market, because the main listings are small units, and there are fewer large units, this will lead to the preservation and appreciation of large units. For the storey height, 9 feet is certainly better than 8 feet, especially for the area. For small units. The roof is higher, it will not be so depressing. In the past few years, many units in DOWNTOWN have no windows in the BEDROOM. When choosing this type of apartment, it is best to have a floor height of 9 feet, and the living room windows should be large, so that the bedroom is not too dark. If you are buying a two-bedroom unit, try to choose a type that does not connect the two rooms together. For example, there is a hall or kitchen between the two rooms, because future tenants or buyers may require privacy. When choosing a room to add DEN, it is best to choose a larger DEN. This DEN may be used as a second bedroom. So do 1Bed+DEN units need two bathrooms? This varies from person to person, some people think it is necessary, and some people think it is a waste of the limited space of CONDO.

How to choose the direction

The average Chinese would like to choose units facing south, because units facing south have longer periods of sunshine and plenty of sunshine, and units facing south near the lake can see more lake views. When developers set their prices, the prices of units facing south are generally higher than those of the same units with different orientations. In Downtown’s YONGE, BAY and other streets, there are many tall buildings. The units facing south may not have lake views, even if the building is very close to the lake. Even if there is a lake view now, there is no guarantee that there will be a view in the future. East and West orientations, as long as they are not blocked, are okay. Units facing true north will have less light and colder in winter. Some people don’t like it. Of course, it’s best to have two orientations, such as southeast and southwest, but Developers generally design corner units into large units, which is also a balance between the unit type and location of open shops. For the VIEW of the unit, of course there are VIEW units that are available for rent and are popular when they are sold. There is a large room for appreciation. Developers will also take this into account when setting prices. The prices of units with VIEW are higher, so When buying, balance the price and the landscape.

Do you want to buy PARKING, LOCKER?

For buyers of 1+DEN, 1bed, Studio close to the subway, parking spaces and storage rooms are not very necessary, especially the parking spaces in the current good locations are easily 50,000, 60,000 or even more than 100,000, plus the management fee of 50- 200 Canadian dollars/month is not a small expenditure. For a unit with more than 2 bedrooms, because it may be a family, there will be more things, and a parking space and storage room may be needed.