Author Box
Articles Categories
All Categories
Articles Resources

Why Should You Invest in a Square One Condo in Mississauga

February 11, 2012 | Comments: 0 | Views: 140

Square One Area of Mississauga is a hip and up and coming new community. If you are to compare how this community used to look just a few years ago and now you will see that there has been some major changes. First all the new square one condo developments that seemed to have grown overnight! Lime light, onyx, absolute and elle are just a few new condos being built around square one. We are going to see a lot more supply of condos in the next few years just around the Square One Core this will be a great addition to already established condos such as living arts, webb, prince of wales, duke of York and elm. To add to these square one condo developments there has also been many other great additions, such as the Sheridan College, Hazel Campus. This sleek and modern campus complements the square one condo community very much. Most students who are going to this college will probably want to own one of the many stylish condos once they start their first jobs. Watch out down town Toronto!

If you ever wanted to invest in a Real Estate market you have probably wondered whether buying a condo would be a great investment opportunity. Lets look at condo investments, the first idea that comes in mind is buying a condo and renting it out or selling it in the future. There are some factors that need to considered, buying the cheapest/smallest unit during pre construction is not the greatest bargain as you might think at the time. You have to think about your future target buyer. Who wants a tiny condo where the couch is practically in the kitchen and a queen bed can not fit in the master bedroom? You would probably not want to live in a unit like this therefore the majority of people out there will not think of it as a great place to live either. The more unique and large your condo unit is, the more buyers/renters you are going to attract. Also think about your competition, yes all those people that bought for low price during pre construction of the condo are planning to rent out their units, and are most likely going to do it all at the same time. This will result in many empty units in the condo waiting to be rented out which will drive prices down, there goes that nice profit that you had originally expected. Another advice is to buy as big a condo as you can afford. This is for two main reasons, so as not to be one of 100 one bedroom units for sale in a building. Another reason is many older couples will be leaving their larger homes and they are not going to want to live in a 550-square-foot one-bedroom condo. Condo buyers who rent out their unit and are not making 10 per cent or more might be better off with other forms of real estate investments.

In conclusion if you are buying a condo for resale potential try to purchase a larger condo with a unique layout and a great view this will definitely raise the demand for your property. If you are planning on renting, you will want to pick an area where vacancy rates are low (due to demand) and choose a condo that people will want to rent. The lease profit should be more then 10% in case of maintenance rates increasing and you do not want to be stuck with a negative cash inflow. All in all some research should be done before hand, let your Real Estate Agent help you with it!

Square One Condo.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Square One







The documents are inevitable to assess your age, income, employment and residence. For the loan to be petitioned from the bank, you need the right procedure of application.The documents are

By: Simon Liva l Real Estate > Buying l November 20, 2012 lViews: 258

The main reason why people tend to be apprehensive about moving homes is that it entails packing everything in the home, transporting it and then unpacking it in the new home. The entire process of

By: Ringo Star l Real Estate > Moving Relocating l October 27, 2012 lViews: 211

There are a number of benefits to owning a second home. Buying to let is a long term investment. The property will usually accumulate value over time and also can generate rent on a shorter term

By: Alan Trotter l Real Estate > Investing in Real Estate l October 19, 2012 lViews: 241

Building a home, especially your first one, can be an incredibly daunting task - there are a number of factors, including budget and planning, that must be taken into account before any sort of

By: John K. Taylor l Real Estate > Building a Home l July 10, 2012 lViews: 334

When you're ready to sell your house, the first thing you'll probably do is find a real estate agent to help you through the process. It can be so inviting to seek out the discount Realtors who offer

By: W Josh Anderson l Real Estate > Selling l July 10, 2012 lViews: 263

You see the signs everywhere, especially in a strong economy: For Sale By Owner. For some reason, many people believe they'll do a better job of selling their homes without the assistance of a real

By: W Josh Anderson l Real Estate > Selling l July 10, 2012 lViews: 242

Are you facing a hard time selecting among the different condos available? If yes, then consider the factors mentioned in this article when selecting them.

By: Asma A Mohiuddinl Real Estate > Condominiumsl June 08, 2012 lViews: 205

People tend to consider Miami Beach to be one of the most fabulous locations within the United States today. The fact that the city is located along the Atlantic coast of South Florida makes it the

By: Yaz Morganl Real Estate > Condominiumsl June 05, 2012 lViews: 169

So you are somewhere along the continuum between thinking about buying a condo and actually buying a condo. Let us welcome you to the condo lifestyle, and present you with a list of five essentials

By: Andy Asburyl Real Estate > Condominiumsl June 03, 2012 lViews: 164

In many ways, people who own condominiums are the same as people who own single-family homes. One such way: People who own homes often share a desire to improve them. While condo owners may have less

By: Andy Asburyl Real Estate > Condominiumsl June 03, 2012 lViews: 171

Living in one of the many fabulous South Beach condos in the city of Miami Beach can be one of the most rewarding choices that anyone can make today. If you would like to purchase real estate within

By: Yaz Morganl Real Estate > Condominiumsl May 31, 2012 lViews: 159

Miami luxury penthouse are known to provide high-end property buyers with a fresh range of choices which live up to the highest standards of modern living. Being found within one of the most

By: Yaz Morganl Real Estate > Condominiumsl May 31, 2012 lViews: 321