4 Questions to Ask Before Buying a Regina Condo

Buying a condo in Regina is an exciting prospect that will allow you to enjoy a low-maintenance and stylish lifestyle in one of Canada's most interesting and prosperous cities.

It's easy to see why Regina condos for sale are some of the most appealing properties currently on the market. There is a wide range of beautiful new condo developments gracing the city's evolving landscape, and these convenient and trendy units offer a perfect balance of luxury and simplicity. These Regina condominiums are part of a trend of significant growth in Regina, symbolizing the city's transformation from small prairie enclave to full-fledged cosmopolitan hub with an increasing younger population.

Whatever your reason for buying a Regina condo, you'll likely encounter questions during the searching and buying processes. This is especially true if this will be your first condo —or home— but it can apply to buyers with all levels of experience on the market.

To make sure your experience is as informative and straightforward as possible, we've compiled a list of questions you may want to ask before making the jump to owning a gorgeous Regina condo.

What Are The Condo Fees?

This is of course something you'll need to find out eventually, but the sooner you learn what the condo fees are for a unit you're interested in, the better you can plan. The majority of condos have monthly fees ranging from $200 to $400 but luxury complexes with elaborate amenities will often have much higher fees.

Check with the board to see what the fees cover and ensure you're willing and able to pay them every month. Condo fees can cover a range of regular expenses, from property taxes, utilities and even ground maintenenance. The services can vary quite widely from development to development.

Is There Storage Space Included?

Whether you simply have a lot of belongings or you're downsizing from a more spacious home to a lower square footage condo unit, storage is likely at the top of your mind. Some condos come with storage units, allowing you to forego the expenses and inconvenience of renting out a storage space elsewhere.

In some cases these spaces are next to the unit itself or elsewhere within the building. Since most attached or apartment-style condos don't have attics or garage-style spaces, a storage unit could allow you to keep some of your most prized possessions close to home without crowding your living space.

Are There Any Lawsuits?

It's easy to get excited about finding your dream unit, but it's equally as important to check on the not-so-fun matters, such as any legal complications the property may be involved in. Lawsuits can be a major financial burden for condo boards if they lose the case. If you find that there are no pending lawsuits, make sure to still check the condo's liability insurance or have it checked by a professional.

What Kind Of Rules Are There?

The last thing you want to do is find out about a rule that restricts your intended lifestyle after you're well on your way to purchasing a condo unit. Every condo association has a unique set of rules that buyers will have to abide by. Knowing these in advance is crucial to your satisfaction with your purchase.

Condo rules can cover everything from barbecuing and door decorations to your ability to own a pet or certain size of pet. As well, they detail the requirements around renting your home and how long it can be rented for. So, before you decide to sublet your space on a vacation rental website while you head south for the winter, make sure you're allowed to do so!

Check back to our blog for more weekly updates on the Regina real estate market and life in this stunning city. If you have any questions about buying or selling a Regina condo for sale, contact the Tourney Group online or call 306-789-1700!