Is Living Near the Skytrain Worth the Hype? Here’s What You Need to Consider Before Buying a Condo There!
Are you considering buying a condo near the Skytrain system? With the convenience of easily accessible public transportation, it's no wonder that living near the Skytrain has become a highly sought-after lifestyle for many. But before you make a decision, it's important to ask yourself, "Is it really worth the hype?" While the benefits of living near the Skytrain are undeniable, there are also important factors to consider before you take the plunge. In this blog post, we'll take a closer look at what you need to think about before buying a condo near the Skytrain. So let's dive in and explore whether this lifestyle is right for you!
Urgency: Are you in urgent need of moving in or can you wait?
If you're in the market for a new condo, you might be tempted to opt for a unit that's still in the midst of construction. And while it's true that you can snag a sweet deal by doing so, it's important to proceed with caution. If you're not in a hurry to move in, waiting for a fully furnished condo or purchasing one located near a sky train could save you some serious cash.
Of course, the key to success here is finding a reliable project with a credible background. You don't want to end up with a unit that's delayed by months or even years, throwing a wrench into your plans for a dream home. So before you make any commitments, do your research, and make sure the project has a clear enough outline of when construction is expected to finish. By being strategic and smart about your condo purchase, you can score a great deal and make your dream of homeownership a reality. Just be sure to proceed with caution and diligence, and you'll be on your way to a beautiful new home in no time!
When considering mid-construction condo projects near a sky train system, it's important to factor in the price of the vacant land before construction began. This can help you identify which areas are likely to see a rise in property value, leading to increased condo prices in the future. This is great news for those looking to invest or rent out their property, as it means increased returns on their investment. So be sure to do your research and take advantage of the potential for growth in these areas.
Compare the prices of neighboring Condos
Let's say a condo is 300m away from the nearest sky train station. Compare that to 700m or a whole kilometer away, that may not sound like much of a difference and can still be reached via a walking distance. However, it's a totally different story in the way of price. Make sure to consider and compare the price differences thoroughly to make sure your spendings are in check and so you don't end up wasting more money than you should.
Plan for listing out for rent in the future
Living in a condo that's conveniently located near a sky train system is a desirable choice for many people. Not only does it offer the convenience of quick and easy travel, but it also makes it easier to rent out the condo in the future if you decide to move. However, before making any commitments, it's important to carefully research the location to ensure that it's a high-demand area for rentals. Some areas near the sky train may have an excess of condos, making it more difficult to find tenants. By doing your due diligence, you can make a well-informed decision and find the perfect condo in the ideal location.
Potential Competition from Upcoming Project Launches
When investing in a property, it's crucial to evaluate the location and potential future developments in the surrounding area. New projects nearby could impact the property's ability to be rented out in the future, especially if they're in superior locations. Ensure there are no upcoming developments that will compete with your property, or choose a location away from popular amenities. This way, you can make a more informed decision about whether the property is a sound investment for your portfolio.
The View
When selecting a unit, consider the impact of sunlight and wind on the temperature. North and south-facing units are ideal, followed by the east. Avoid west-facing units as they receive strong sunlight in the afternoon and evening. Also, the view is an essential factor to consider. These factors will help you choose a suitable unit that meets your needs.
Protecting yourself from Pollution
When choosing a condo, consider the impact of a busy street with constant vehicle traffic, which can lead to pollution that could affect your health. To combat this issue, regularly clean your unit and consider investing in an air purifier to eliminate dust, debris, and unpleasant smells.
Another challenge to consider is noise pollution from sources such as trains passing by frequently. If possible, choose a unit facing away from the direction of the train to minimize noise disturbances. Taking these steps will help you create a comfortable living environment in the midst of a bustling city.
Conclusion
In conclusion, living near the SkyTrain can offer numerous benefits, such as easy access to transportation, shopping, and other amenities. However, there are also some potential downsides to consider, such as noise pollution and exposure to air pollution from vehicle traffic. It's important to carefully evaluate the location, unit position, and potential future developments in the surrounding area before making a decision. By weighing the pros and cons and taking steps to mitigate potential issues, you can make an informed decision about whether living near the SkyTrain is worth the hype for you.
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