I’m thinking about doing some house remodelling, do I need to apply for a a building permit?
If you are thinking about carrying out construction, demolition, renovations or additions to your home, then you could need authorization from the City of Toronto before you begin, this is called a building permit. Toronto Building staff must look at your plans to ensure that they comply with the Ontario Building Code, local Zoning By-laws, and other applicable regulations. There are many instances when you may need one, here are some of them: You may want to structurally change your house or even knock some of it down or add to it, including doors and windows, modifying the heating, plumbing and air-conditioning or even add a new bathroom, therefore you need to check to find out if you need this permit.
Please tell me the reasons why an insurance company may need to ask lot of questions when you buy a property.
Absolutely, insurance companies will ask you such questions as the square footage of your new property, updates to major mechanical systems, type of construction materials used etc. We will contact the listing agent for your new property to get as many answers as possible from the sellers, who will know the most about the property. Precise records are not always possible but an insurance organization will sometimes accept the approximate price and date these changes occurred.
Can you advise me which is the better investment, a house or a condominium?
I work mainly with houses for sale Toronto but I can tell you it will depend on your investment goals and methods. When looking at average Toronto rental prices for a decent condo it pays for itself, unfortunately the value doesn’t go up very much, but part of a house can be rented out while you are still living in it. We will support and advise you which is the right property based on your lifestyle and situation.
I’ve been looking at condo units, why is there such a price variation when they are the same apartment in the same building?
By adding an upgraded kitchen or bathroom, being provided with a parking space, how the condo is finished all add to and are reflected in the price. Another thing to think about is the higher up in the building the apartment is, the bigger the price ticket, we all know penthouse suites are the most expensive in any condo building. The asking price is the starting point for any property sale, so you may find that this figure is not what the condominium actually sells for.
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