Ottawa Condo Expert

Marnie Bennett Home Smarts: Condo Ownership, Part II: Let the Hunt Begin

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 22 Oct 2012 16:12:00 +0000

Shopping for a new condominium in Ottawa is an exciting process. But, as with all substantial purchases, there are important considerations to be weighed before making your final decision. With this column, I hope to give you a framework for making a wise and informed purchase.

Firstly, if you don’t need to move into a new home in Ottawa immediately, you should know that there are significant advantages to buying your condo during a development’s planning stages. In order for a builder to receive construction financing, that builder typically needs to show that 65 - 75 per cent of the suites have been sold. To reach this goal, it’s in the builder’s best interest to offer better prices earlier on in the sales process. Buying early can result in substantial savings, and offers the greatest equity growth potential. It also allows you a much wider selection of floor plans and locations within the building.

Consider where you want to live. While the most important factor influencing price in real estate is location, this doesn’t mean that the priciest section of town is necessarily the best for your personal lifestyle. Consider proximity to your workplace, and to the kinds of amenities you feel are important, whether that means shopping, restaurants, greenspace or recreational centres.

Once you’ve zeroed in on a particular condominium development, it’s equally important to consider the location of the unit itself within that development. Examine proximity to the elevator, street noise levels and the quality of the view; often, the higher the floor, the higher the price.

This raises the question: how much do you want to pay? Your personal budget may not allow you to buy the penthouse of your dreams; again, weigh what’s most important to you. Some factors to consider when selecting your suite include functionality of the layout; exposure to natural light; ceiling heights; and access to a balcony or other outdoor space. A development’s curb appeal will affect both your enjoyment of your home and its resale value. The same applies to density; the fewer people sharing your development’s facilities, the better.

All condos are not created equal. What’s behind the walls – mechanical systems, for example – is just as important as those things you can see, though admittedly more difficult for a homebuyer to judge. That’s why choosing a builder with a good reputation is crucial. Research builders by asking your realtor for information; by visiting previous developments; by speaking with current owners; and by researching the equity growth of their homes as compared to others. Be sure to check the builder’s Tarion Warranty Corporation Rating. Tarion is a government regulated organization which licenses all new home builders in Ontario, and provides safeguards to all new home purchasers. Finally, make sure that the builder has a strong customer service team with extended hours.

There’s no denying that buying a home in Ottawa is an emotional process. Just be sure not to let your heart rule your head.

Contact marniebennett@bennettpros.com for your free report on “10 Tips to Save You Time and Money: The Homebuyers' Guide to NEW HOMES”.

Marnie Bennett is a broker and the team leader of Bennett Property Shop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Visit www.bennettpros.com for all your real estate needs

Marnie Bennett Home Smarts - Condo Ownership, Part 1: Understand the Basics

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 11 Oct 2012 21:01:00 +0000

Marnie Bennett is the exclusive real estate expert columnist for New Home and Condo. Pick up your FREE copy at news stands and distributors throughout the city of Ottawa. See below for her new column "Home Smarts" and learn everything there is to know about real estate.

Marnie Bennett is a broker and the team leader of Bennett Property Shop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Marnie Bennett Home Smarts - Zeroing on the ONE

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 27 Sep 2012 16:31:00 +0000

Marnie Bennett - Home Smarts - Understanding Model Homes

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 27 Sep 2012 16:27:00 +0000

Marnie Bennett - Home Smarts - Who's the Boss

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 26 Jul 2012 19:54:00 +0000

Marnie Bennett - Home Smarts - Why A New Home May Be Right For You

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 09 Jul 2012 15:08:00 +0000

Marnie Bennett - Home Smarts - First Things First: To Own or Not to Own

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 04 Jun 2012 16:02:00 +0000

Marnie Bennett - Home Smarts - A room of his own: The Man Cave

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 04 Jun 2012 15:58:00 +0000

Marnie Bennett - Home Smarts - The right fit: Condo rule and your lifestyle

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 17 May 2012 20:44:00 +0000

Marnie Bennett - Home Smarts - A Marriage of Tastes: When Two Homes Become One

noreply@blogger.com (Marnie Bennett, Broker) — Wed, 11 Apr 2012 21:03:00 +0000

Marnie Bennett is a broker and the team leader of Bennett Property Shop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour and Business Class, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Marnie Bennett - Home Smarts - In-law Suites: Purchasing a new home with rental potential

noreply@blogger.com (Marnie Bennett, Broker) — Wed, 28 Mar 2012 14:28:00 +0000

Marnie Bennett is a broker and the team leader of Bennett Property Shop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour and Business Class, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Marnie Bennett - Home Smarts - Great Spaces for Aging Gracefully

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 12 Mar 2012 15:21:00 +0000

Marnie Bennett is a broker and the team leader of Bennett PropertyShop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour and Business Class, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Marnie Bennett - Home Smarts - Where will you spend your golden years?

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 01 Mar 2012 15:39:00 +0000

Marnie Bennett is a broker and the team leader of Bennett PropertyShop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour and Business Class, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Marnie Bennett - Homes Smarts - Moving on When the Marriage Ends

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 01 Mar 2012 15:35:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is a broker and the team leader of Bennett Property Shop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour and Business Class, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Marnie Bennett's Home Smarts - Part 35

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 02 Feb 2012 17:55:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is a broker and the team leader of Bennett PropertyShop Realty, a full premium service five star real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio shows the Real Estate Hour and Business Class, a millionaire real estate investor and a real estate wealth management coach. bennettpros.com

Home Smarts - From Ottawa's New Homes and Condos Part 35

noreply@blogger.com (Marnie Bennett, Broker) — Thu, 26 Jan 2012 20:40:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________
Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 34

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 02 Jan 2012 19:51:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________
Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 33

noreply@blogger.com (Marnie Bennett, Broker) — Tue, 22 Nov 2011 20:00:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 32

noreply@blogger.com (Marnie Bennett, Broker) — Wed, 09 Nov 2011 16:58:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 31

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 24 Oct 2011 15:52:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 30

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 17 Oct 2011 18:58:00 +0000

Marnie Bennett is the exclusive real estate expert columnist for New Homes and Condos. Pick up your FREE copy at news stands and distributors throughout the city of Ottawa. See below for her new column "Home Smarts" and learn everything there is to know about real estate.

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 29

noreply@blogger.com (Marnie Bennett, Broker) — Mon, 26 Sep 2011 19:08:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 28

noreply@blogger.com (Marnie Bennett, Broker) — Tue, 20 Sep 2011 18:36:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 27

noreply@blogger.com (Marnie Bennett, Broker) — Tue, 20 Sep 2011 18:32:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.

Home Smarts - From Ottawa's New Homes and Condos Part 26

noreply@blogger.com (Marnie Bennett, Broker) — Tue, 20 Sep 2011 18:27:00 +0000

Email your questions to mbennett@bennettpros.com
Or for more information on Ottawa Real Estate visit http://www.bennettpros.com/
____________________________________________________________

Marnie Bennett is the number one realtor world-wide for KWRI, and is in the top 1% of North America’s realtors. She is a broker with KWVIP Realty and team leader of Bennett Real Estate Professionals, a full premium service five star real estate team specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a real estate wealth management coach.