What is the life of a condo?

What is the life of a condo?

It will usually last up to about 10 years, after which it will require maintenance and replacement by the time it reaches 15 to 18 years. The next in line will be the cooling plant which may be operational for about 18 years, with required maintenance for another two to three years and replacement after 20 years.

What are the effects of condo living?

The positive effect of condo living is accessible location which is you search for a new home always begins with the location, safe environment which a neighborhood you aren’t very familiar with may be a deal-breaker when purchasing a unit, but it might make you feel at ease knowing that property developers always put …

What questions should I ask before buying a condo?

Questions to Ask Before Buying a Condo

  • What are the biggest complaints?
  • What’s the management team like?
  • Is there storage space available?
  • What does the insurance cover?
  • Will I need to move in the next five years?
  • Do I fully understand the monthly association fees?
  • What are the rules?
  • Is there any litigation?

How do I choose a good condo?

What should you look for to get the best units?

  1. Consider the unit facing.
  2. Which floor the unit is on.
  3. Proximity to entrance, gates, and quieter facilities.
  4. Keep a distance from bin centres, substations, and certain facilities.
  5. Look for efficient layouts.
  6. Check the number of units per floor.
  7. Look for “bonus floor space”

Which floor is best in condo?

7 Best Types of Flooring for a Condo

  1. Hardwood. Hardwood is made of milled using a single layer of timber.
  2. Cork. Cork comes from the barks of the cork oak.
  3. Laminate. If you can’t afford hardwood, the laminate board is the perfect alternative.
  4. Tile.
  5. Engineered hardwood.
  6. Carpet.
  7. Concrete floors.

Is 2 bedroom condo enough?

For couples or families of up to three (i.e. one kid), you’ll want to consider two-bedroom condo units. They’re big enough to give your child a private room, and also provide decent space for small gatherings on Christmas, New Year, etc.

What is a good size for a condo?

So, a household of six should require a minimum of 1,500 sq ft to maximise the well-being of its occupants and minimise conflict. A household of five can get by with 1,200 sq ft, we reckon. The thing is, condos at these sizes do not come cheap. But look hard enough and you’ll find some great value.

Which condo floor is best?

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