You might be looking to buy a new condo, and many great deals may pop up your way, I always like seeing creative designs and I'm a sucker for the slick marketing that most developers produce. But for those of you who haven't invested before or bought a condominium before your doing the right thing reading this article first to narrow down your search.
In summary it is important to buy a condo based on the developers track record since this is overall related to pride of ownership with the residents and a piece of mind for you.
A quick rule of thumb I always tell my clients is "check under the hood" this goes two ways for cars and condos, even if you don't know what your looking at its good to at lease check.
Tarion is a good resource to find registered builders of all different types of construction, J.D. power and BILD awards are nice too and don't be afraid to ask these questions before you buy, most of the time the builder will proudly display these awards and designations on their material.
Now visualize that every condo is like one big ship like the titanic, it needs maintenance, staff, security and complex engineering to keep everything running smoothly everyday. This applies to condominiums as well. But what if this was poorly managed? Or even worse, it wasn't even built correctly in the first place? this is where the blame game happens and the top developers know how to keep their customers happy, and not just for the first few years.
Here is a list if builders that I like to work with and always recommend their products to my clients even if the price is slightly higher I know I am providing my clients something that they will enjoy.