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Edmontonians are practical people, and that’s no better expressed than in our condo buildings, with their reused designs and finishing’s. Condo shopping can become repetitive fast. So how do sort the good units from the bad?

I’ve attached a list below you can reference in order to save yourself from owning a depreciating asset, or worse, getting stuck in a condo building you’re forced to rent when it comes time to move.

Condo UNIT Location

Building location is important but UNIT Location is life or death. I highly recommend only purchasing main floor corner units, top floo units, or corner units on any floor. If you can find a corner unit with a wrap around balcony on the main or top floor you’ll never have to worry about resale!

It’s also important to not face the parking lot a busy road, or the parkade entrance.

Of course, the view from your balcony is also important, as well as having a South or West facing windows, but those factors are surprisingly less likely to drive a sale than your proximity to above ground parking, and unit location.

Parking

Underground parking is so important for resale I cannot emphasize this enough. It’s very difficult for older buildings in the suburbs to compete with newer buildings as some older buildings do not have underground parking while all new buildings do. I doubt developers will ever stop building underground parking, so the competition will just grow over time! If I had to place a value on underground parking, I think people see it as about a 20k bonus.

Size to Condo Fee Ratio

For the first 1-3 years of a condo buildings life their fees are unnaturally low. As the condo board learns more about their building and what it will truly cost to keep operations running at their desired level this monthly fee will increase. This is one of the reasons it is slightly risky to buy in a new building. In an older building (5 years +) you should try to find a condo fee ratio of about $0.60 -0.70 / Sq ft. So a small 2 bedroom should be around $500 / month including exterior maintenance, all utilities except electricity etc.

A higher condo fee can be a major detriment to resale, especially if the fee ratio was significantly less when you first purchased the unit. In my opinion it’s better to buy a condo that’s a few years older, so you’re able to get a solid grip of any potential problems with the buildings structure, and operations through the condo document review.

Amenities

Amenities can often times make or break a buyer’s decision to purchase. Pools, media rooms, party rooms, and guest suites are often underutilized and costly to the condo buildings budget. I find amenities that generate the most excitement are well endowed gyms, a private greenspace, and wash bays.

Dayneris quintana
Dayneris quintana
We recently had the pleasure of working with Logan to sell our apartment located in Edmonton while we live in Calgary, and we couldn't be happier with the results. Logan did an excellent job making suggestion for a better sale and renovating the apartment, transforming it into a stunning space. Thanks to his efforts, the apartment sold quickly and for above the asking price. Communication was seamless throughout the process. He kept us informed at every stage regarding the renovating process and the interest and in the apartment. We highly recommend Logan Patterson for his dedication, professionalism, and exceptional results. Thank you for your outstanding service!
Clarence Bouwsema
Clarence Bouwsema
Logan helped make the whole process easier and stressful free.
Darren Rankin
Darren Rankin
Couldn't have asked for a better realtor than Logan. Hard-working, punctual, and dedicated, he goes above and beyond regardless of whether you're buying a cozy condo or a dream home. His deep understanding of the market and strong rapport with fellow realtors make the process smooth sailing. Plus, his wealth of advice and keen eye for detail saved me money by catching things others might miss. Highly recommend using his broker, especially if you're a first-time homebuyer. Thanks for everything, Logan! PS: If you're a first-time homebuyer, just use his broker. Trust me, you won't regret it!
Michael Coderre
Michael Coderre
Logan was a pleasure to work with. He made recommendations on what would be the best money spent to sell our home quickly, and even lined up the trades and provided quotes for the work. In my opinion his services are a step above my past experiences, and I would highly recommend his services to any home seller. The fact that we sold the home for over asking price with no conditions was definitely the icing on the cake! Thanks Logan.
Harry Yau
Harry Yau
The whole experience selling my property was as easy as it could have been. Logan was incredibly helpful, keeping us up to date with amount of people interested, offers, and counters on a timely basis. He gave us comparable properties to help calibrate our asking price, and kept us updated on sale trends in the Edmonton market. He worked hard for our business, is very professional, and was always understanding of our availability limitations (total of 3 partners making decisions together from 3 different cities). I would hire him again, and would certainly recommend him to anyone looking to buy or sell in Edmonton.
Jaymee Sison
Jaymee Sison
Logan made the whole sale process from start to finish very easy. I live in a different city from where the property is located so I wasn't readily available to help with the sale. Logan coordinated photos, showings and best of all, he was respectful and mindful of our tenants who were currently living in the property. Thank you for your hard work Logan. We couldn't have been happier with the sale! $21K over list price!
Reid Tames
Reid Tames
Logan was phenomenal and super accommodating when it came to helping us buy our first home! We had so many questions and were challenging with our schedule but he was able to make it all work for US! Would highly recommend to any friends and family!!
MVP Power Inc
MVP Power Inc
Logan did an amazing job! He was very patient as we had seen several houses and willing to meet us any time. He was very knowledgeable about the neighbourhoods we wanted to buy in.

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