Stephanie Adams » condos in barrie

Condos | Resale Pricing Considerations

Stephanie Adams — Thu, 04 Aug 2011 16:34:28 +0000

Typical condo pricing considerations include location, condo building design, natural views and square footage. When searching in the MLS for Barrie condos, there can be many reasons why some condo units are priced higher than other similar units with the same floor plan layout or a similar unit within another condo building.

Let’s explore a few considerations:

1) Amenities and Finishing – during the pre-construction stage of a condominium building, the original purchasers will have had a choice of at least three different packages – basic, middle of the road and high-end. You should be aware of these packages and if the unit owner has done any extra work to the bathrooms or kitchen area.

2) Age of the Condominium Building – the age of the building can be a factor in determining price. An easy example would be to compare a 20-year old condo building to a brand new building. The hallway carpet, hallway lighting, the condo amenities, etc. will be newer.

3) Proximity to waterfront, shopping, restaurants and natural walkways. Location will always play a key role in determining price. You should also consider what floor the unit is on as well.

4) Parking – does the unit come with one or two parking spaces. The Nautica condos parking spaces are priced at up to $20,000 a spot. If you were to view two different condo units on the Barrie MLS – this might be the reason for the difference in price in this example.

5) Storage – how much storage is being offered and what is the usability of that storage space? Will it be very painful to pull everything in and out or can you walk in? Does the storage space have shelving?

6) Condo Fees – Fees vary from condo building to building. Be sure to work with your condo professional to understand the amenities you are looking for. For example, a swimming pool can add considerable cost to monthly condo fees.

Use these considerations when looking in the Barrie MLS for condos. Also consult a condo professional when you are serious about making an offer. A Barrie real estate condo professional will provide valuable information when making your decision.

Buying a condo in Barrie? A Comparative Market Analysis Report Can Help

Steph — Tue, 22 Jun 2010 01:33:59 +0000

Nautica Condos in Barrie - View

When you’re searching for that perfect condo in Barrie, it’s smart to work directly with a Realtor® that focuses on condos. It’s their job to make sure you’re getting the right condo for your lifestyle, and getting it at the right price.

If you’re in the market, you’ve probably already looked around at a few Barrie condo MLS listings, either online or or in the newspaper. However, working with a Realtor® can help you take a closer look.

Once you’re starting to lean towards a particular condo unit, it’s time to examine the price, pricing history, and benefits of that type of unit.

Your Realtor® can break down the condo unit’s price and give you details that nobody else can. They can produce a comparative market analysis report and examine the price history to see if there’s been any price increases or decreases for this unit, or if there are comparable units on the market in the same price range or for any comparative units that have sold recently.

They also look at other factors such as where the unit is located and whether or not the condo’s view of Barrie’s waterfront is affecting the price. If you feel the view of the lake or city is worth a bit more money, great! But if you don’t really see the value, your Realtor® will help you decide if your money can be better spent on other upgrades.

You also need to take a close look at parking. Some units only have one parking spot, instead of two. It’s not something you may think of, but it can be a big deal for couples and families.

Finally, your Realtor® can help you determine whether or not condo fees will play a role in your decision. They will look at questions like, “has the building been well maintained?” Or “does the building have a history of stable condo fee increases, based on inflation or tax changes?”

Browsing units on your own helps target condos in your price range, but only working with a Realtor® focusing on condos in Barrie lets you see exactly what you’re getting for that price.

Stephanie Adams is a Realtor® at Hassey Realty focusing on Barrie Condos and townhome sales.