Whether you are a realtor, buyer, seller or homeowner, picking up an old property can be exciting. But is it worth renovating? In this post, we will discuss the benefits and everything you need to know about renovating old condos.
Advantages of Improving an Old Condo Unit Over Buying a New One
Old Condos Have More Character
Most old condos have so much character that adds to their value. Renovating an old condo means you get to retain its character and make improvements to suit your style. With that, you get to have a more valuable condo unit for a long time.
Old Condos Are Bigger in Size
Itโs common knowledge that condos are more โcompactโ and smaller. However, old condos tend to be bigger than condos today, which is excellent. With that, renovating an old condo will let you enjoy a bigger space and maximise it.
Old Condos Offer a Good View
Back in the days, space was abundant, and condo buildings were built in areas with beautiful views. Renovating an old condo means you get to enjoy more stunning views compared to new condominiums being built today. Many older buildings are designated as historical landmarks that increase their value and charm.
How to Make Renovating an Old Condo Easier
Now that you know the benefits of renovating old condo units, here are important things you need to know to make the process smooth:
- Know the Rules: Before you create a renovation plan, be familiar with the rules first. Condos have specific policies and regulations that could affect your design decisions. Usually, these rules also include the days and hours you can spend for condo renovation.
- Figure Out Your Limits: Know your project limitations, which can help you stay realistic about your design plans. That means you need to keep yourself open for the things you planned out that may not come to fruition. Consider hiring a consultant to keep you on your toes.
- Avoid Moving Around Fixtures: Itโs only natural to want to move fixtures in the old condo, but this also means you need to spend more time installing them to new locations. For example, itโs best to leave the bathroom toilet where it is. You can make design changes instead by finding complementary elements you can combine with the existing environment.
- Focus on Building Up: Instead of tearing things down, put more focus on building up things. Some condo units have detailed moldings that create a sense of elegance in the property. Whatever the case is, enhance an open space by building things up.
- Be Flexible: Itโs best to be flexible on your design concepts, especially in condo renovation projects. This is because a condo is more limited. Know whatโs essential for your condo unit and what isnโt.
- Paint: A paint job will revamp the place and increase its resale value!
Conclusion
Renovating an old condo has many perks; plus, itโs something exciting you can do. Knowing the benefits and these tips when you take on this project is important as they can help you make the best decisions moving forward. Also, it wonโt hurt to tap an expert to assist you through the process.
Contempo Renovation Solutions Inc. is the best renovation company in Toronto. We are a full-service construction and project management company. Contact us today!