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New Developments and Presales
08-21-2014, 07:02 PM,
#1
New Developments and Presales
Hey everyone,

There are many sale center for new condos and developments all over GVA (Vancouver, Richmond, Burnaby, Surrey, etc).

This is my question for everybody here:
What are the metrics, or information that you look at, when you visit the new condo sale centers?

I will start off with my list:

1. Developer (reputation, past projects, BBB reviews, etc)
2. Location (school district, public transit, grocery stores, community gyms)
3. $ per square foot (can be calculated from the pricing list, which indicates the price range for 1BR, 2BR, etc)
4. Future community planning of close-by area (whether there will be new towers going up, new transit stops, potential rezoning of near-by buildings, etc. I usually do at quick google search, drive around the neighborhood, or look at the city's development application site)
5. Potential rental income (craiglist or kijiji for units nearby gives a good indication of how much rent you'll get)
6. Room dimension (layout, height, width and length)
7. Direction (where the unit is facing, light exposure)
8. Density (total units in the development. I usually get turned off when I see an overly-densed development)

What are the metrics / information that you guys look at when evaluating a new condo / development?

Please provide your list and feel free to comment and/or add to items that I have already mentioned in my list.

Thanks everyone!

CT
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Messages In This Thread
New Developments and Presales - by ct85 - 08-21-2014, 07:02 PM
RE: New Developments and Presales - by Skook - 08-22-2014, 12:04 AM
RE: New Developments and Presales - by ct85 - 08-22-2014, 11:11 AM
RE: New Developments and Presales - by Skook - 08-22-2014, 11:46 AM

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