5 Tips for Finding the Best Toronto Loft
You need to know what you want in a property. There are all sorts of real estate options in Toronto, including spacious lofts. Following a few tips will help you find what you’re looking for.
1. Decide What You Can Afford
Before you can think about buying any real estate, you have to figure out what you can afford. This can be done by getting pre-approved for a mortgage. You might also want to sit down with your budget and calculate your debt-to-income ratio. Once you know what you can afford, you can narrow down the options available on the market.
2. Determine Hard vs Soft
There are new terms when it comes to shopping for Toronto lofts. Hard lofts are those that are converted warehouses. You will see exposed beams, wood floors, and other industrial aspects. Soft lofts are those that are built brand new, often as two levels of living space. You have to decide what you want to help you determine the buildings to explore.
3. Figure Out How Much Space You Need
Not everyone needs the same amount of space. If it’s just you, you’re going to need less space than a four-person family. If you’re going to work from home, you might also want some additional open space to work in. The square footage should be a top consideration as you explore various apartments. You should visit the Toronto Condo Team website if you would like more information.
4. Tour Different Neighborhoods
Throughout Toronto, there are all sorts of exciting neighborhoods. Some are closer to downtown while others have a lot of diners and cafes. You want to be close walking distance to the things that are the most important to you. Having a bit of walkability to where you live will also help with the resale value later on. Check out a few of the neighborhoods so that you can understand the vibe and decide if you will fit in well with the neighbors.
5. Look at Amenities
Review the amenities that are in your loft as well as within the building. Many of the Toronto lofts that are new construction offer a wide array of amenities for the tenants. This includes everything from game rooms to entertaining areas. Find out what’s offered so you can have added excitement in the building without having to leave. It will all be covered in the cost of the association fees whether you use them or not, so you want to make sure you’re getting your money’s worth.
Once you do your research, it will be easier to explore the lofts for sale Toronto has.