6 Critical Tests of a Good Condo Investment

Just because your friend bought condos on speculation and got lucky, does not mean that you have a sure bet. You need to be smart if you want to succeed in real estate investment. Here are six tests to bear in mind when buying condos for sale in Toronto.

1. Developer experience

One of the shortcomings of heated markets is that they attract amateurs who want to get in on the action. In most cases, the products lack design and quality regardless of how good they look on paper. The underlying issues will make you want out as fast as possible. It is good that you consider buying a condo from a local developer that is well-known to have successful products in the locality.

2. Pricing

Real estate investors make money by what they pay for the investment rather than what they sell for it. If you want to make enough money through condos for sale in Toronto, you need to avoid inflated prices. Consider even buying a condo in downtown Toronto because the prices are lower so you will make a kill with the investment.

3. Location and neighborhood

Condo investments depend on their locations and their surroundings. The environment makes the condos and not the other way round. However, it does not mean that the neighborhood has to be redeveloped; it means that it has the foundation for rental capacity and resale. Therefore, before you invest in a condo, make sure that the location is suitable and has a great potential for growth. Besides, the neighborhood should be secure so that it will be a worthy investment when you want to sell it.

4. Development logistics

As a real estate investor, you ought to examine the layouts of the project, the size, amenities, and design among other factors. There are other determinants of the investment apart from price and developer. If the project is viable, you can be sure that it will feel more like a temporary bus station and less like a community.

5. Running the numbers

The rental numbers for the project must make sense for resale value even if you are a growth player. A long-term investor focuses on the cap rate of the condos. A strong investment should have a future rental capacity and a passive portfolio. If you are interested in learning more, visit Reza Afshar Real Estate.

6. Features

You need to look into the features available in a project before investing into it. Most developers add features to condos to make them more attractive to investors. For instance, some drill wells so that the project as a constant supply of water and others build lofts. When looking for a condo for sale in Toronto, make sure you look at the amenities and its layouts. Most developers also incorporate lofts to add on to the storage spaces available in a condo. You should buy a condo that appeals your needs and preferences.

The Advantages Stone Veneers

The current trends in home renovation is the artistic use of stone veneers to accentuate some areas of the house. These veneers can be used to highlight the exteriors and interior of a house. The veneer is made of manufactured stone that looks like natural stone to a great extent. Differentiating between natural stone and the veneer is quite difficult. In most cases, the stone is made of lava rock, color pigments, Portland cement, and other lightweight materials that contain iron oxide.

Stone veneers are light in weight
Stone veneers are compatible with all kinds of wall finishes in the market. You can use the veneers in combination with wood, metal, cement, and brick. Considering that natural stones are equally beautiful, they are quite heavy, rendering them difficult to transport and install. Natural stone products require specials skill during the installation process, but the light veneers are the domain of any DIY enthusiast.

Stone veneers are gorgeous
In the contemporary home renovation arena, a cost-effective cladding material is very instrumental when it comes to improving the appearance of your home at an affordable cost. Since the process of finding a cost-effective cladding material can overwhelm the average homeowner, the people who choose the stone veneers will have an advantage. Before you select the ideal cladding option, inspect the key areas such as the columns and walls to evaluate if you can undertake the job properly. The revolutionary stone siding options have become indispensable in any home improvement project, and are important for all homeowners who want to add a touch of luxury in their homes.

Stone veneers are cost-effective
Since the veneers are light in weight, they are cheaper to transport to your home. In addition, you do not need to invest in the mortar to fix them on the wall or column. Since they have some special fasteners, you can install them easily with the help of a competent consultant. The result is a magnificent job that resembles the natural rock outcrops. Whether you want to clad the interior walls or the outdoor waterfall, stone veneers offer plenty of options that suit your taste.

Versatility
It is easier to install the stone veneer in the curved areas with ease since they are incredibly versatile. Stone veneers give you plenty of options that you cannot get from natural stone. The beautiful stone veneers are instrumental when it comes to highlighting the exterior columns, indoor walls, fireplaces, and water features, and bathroom walls in the house. Irrespective of where you install them, veneers always add unmatched beauty to your home decor.

Your choice of cladding materials has everything to do with your preferences. However, most homeowners agree that stone veneers can make a huge impact in any home improvement project.