Saskatoon Mortgage Broker shares article on things you must know before buying a condo

7 Things you must know before buying a condo

June 24, 2015

Investing in real estate can seem like an overwhelming venture. Real Estate Broke Pierre Carapetian gives us his expert advice on seven things you need to know before buying a condo.

1. Fewer Amenities Don’t Mean Lower Condo Fees

Everyone thinks that if you’re in a building with more amenities you’re going to pay higher condo fees, but this isn’t necessarily true. Often the bigger buildings that have the gyms, pools etc. are able to spread the cost among the higher population of tenants. Trendy boutique or small mid-rise buildings can have fees that are just as high — if not higher — and not have any amenities.

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