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Red Flags that Dwellers Look For in A Condo

27.12.20 07:35 PM By MCL

Preparing your condo for a Showing 

Condo ownership is a tad different from owning a single-family home. In the case of a condo, buyers are taking a kind of shared ownership of the building.

 

Most buyers would want to take the time to consider several factors before making their decision. Some would go as far as relying on the help of professionals to spot any potential hiccups or irregularities in the condo building.

 

Whether it's merely a structural issue, an electrical problem, outstanding property taxes, or demographic mismatch. If an issue is reason enough for buyers to think twice about purchasing your property, as a Condo manager, you probably shouldn't be ignoring them either. 

Some of these factors are; 

  SECURITY

Security is perhaps the most important part of Condo living. Property managers must ensure that every action taken should be one that does not threaten the security of the condominium.

 

Most residents tend to be uncomfortable with the thought of a neighbourhood with many or frequent cases of robbery or murder. A good location that has a low crime rate, combined with the presence of effective security personnel, is enough to ensure that unauthorized individuals have no access to the condo. Good access control can also help the security personnel keep a record that identifies each guest as they visit the building. 

  DATED AND UNCLEAN AMENITIES

Old and dirty amenities are usually signs that a building isn’t well maintained, particularly in common spaces..

Is the gym clean? Are machines broken down? Is there peeling paint on the walls? These are questions that your buyers are going to be asking.

 

Be sure that you check out all condo amenities for cleanliness and functionality before opening the doors for buyers to tour the building. 

  ELEVATOR

 Elevators are considered an indicator of a building’s quality. Blocked, scratched and vandalized elevators do not promise a strong condo management team. It is especially distressing when new buildings have elevators that look like they have seen several years of service.

  NOISE

There must be proper isolation between the units, enough that one is not disturbed with sounds of chatters and activities from other units.

 

Annoyingly constant sounds like the sound of a neighbour's TV or that of an arriving elevator usually turns out to be a bother for residents. 

  PARKING SPACE

 Some condos, perhaps due to a lack of space, do not leave their residents with enough room to comfortably park their vehicles. Leaving vehicles in unsafe or insecure locations may lead to car theft or damage, neither of which will look good for the condo manager. 

  UNHAPPY TENANTS

It is not uncommon for buyers to speak with other condo owners before making their decision.

Listening to the resident's experiences with the condo board, as well as their complaints often helps them in their decision-making process.

A property manager needs to ensure that current residents of the condo are happy and satisfied with condo amenities and services.

 

A Condo manager must keep in mind that new buyers are simply individuals who are ecstatically looking forward to decorating their newly found home, enjoying their spacious balcony, or hosting family and friends in their modern kitchen.

 

People want to enjoy the beauty and functionality of a condominium - that is exactly what you should offer.