Tuesday, June 03, 2008

Option #1

In an effort to make up my mind, I thought I might get some help from you. Here's a list of pros and cons for my first condo option:

Asking price is right on budget
Corner unit
French doors between foyer, also between dining room
Stained glass above foyer doors, between kitchen and dining room
Elevator (but I wouldn't need it as unit is street level)
Washer/Dryer hook up
Built-in shelving in living room
Window seat in living room
Full-size stove
Windows in each room
No apartment below
Close to bus
Locker in basement
Decent cupboard space
Nice tiles on kitchen and bathroom floors

35% downpayment
High condo fees
Possibility that fees increase
Building not terribly well maintained
No dishwasher
No vent in kitchen
Crappy bathtub
Floating floor
Must paint living room and kitchen
Probably can hear the bus

Possible projects:
Get portable dishwasher
Replace floors
Redo closets to maximize storage
Replace bathtub

My main concern about this place is the fact that the condo fees are so high and for some reason I think they will increase. If they do, I may find myself struggling to keep up. Other than that, it's a funky, quirky little place and I think it would be ideal for me. I loved it on the first visit. It seems to be the type of place I could really put my own stamp on and really make it my own.

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7 hours later:
Just remembered that the bathroom ceiling has some weird textured wallpaper on it. Wonder what it's hiding.


Why said...

I say the cons outweigh the pros. Not in number, but in eventual outgoing cash.

Stef said...

Actually, over 10 years, this place is only $525 more expensive.

Why said...

Really? Huh. Even with all the stuff you'd have to invest in?