Owning a condo is a big thing. It’s a property that is owned by individual separately from a large building. Mostly it is used for residential purpose. Once in a life or many be more people think renovate their properties, whether it’s an apartment or a condo. Renovation always increase the value of a property. But it should be done with all the calculation.
Basically, condo is other kind of properties. Here are the points to keep in mind while renovating condo.
- What’s the rule?
Always, identify that what amount of area is coming in your ownership and in what time you can run a renovation process. You also need to find if you can use elevator to unload the materials for renovation or not. If you don’t check the details in advance can definitely trouble you later. Policies are made to not disturb the neighbours.
- What is the purpose of renovations
It is most important to know the purpose of renovation, whether you are renovating for personal enjoyment (living) or resale purpose. If you are about to shift for about 5 years you can take your personal belonging and high-class furniture and if your interest is to resale then you need to focus on all things which increase the value of property and give you maximum return.
- What amount of renovation needed?
If you want to renovate floors and walls will be okay and the condo board will help you to hire some workers to do such job but if you want many things to renovate and its gone take time then you must need a license to operate this. There are some legal formalities to deal with.
- Make a note of all plans and discuss with authorities
If you are about to renovate your condo, you should keep note of every single thing that you are gone do while renovating and discuss with authority and get all the approvals which are needed, otherwise on later part you need to spend big amount for it.
If you are in Toronto and owning a condo then you should get in touch with specialist of condo renovations in Toronto.