There are lots of benefits to having a condominium as opposed to an apartment. A single asset has to so with big about of additional storage area offered in condominiums. If have a lot of furniture along with other household items, obtaining a condominium is probably a great idea. Storage space is really a valuable asset in any home, and more so in apartment-style condominiums. Whether you’re obtaining new or resale, maintain in mind your require to store unused luggage, ski gear, camping equipment and perhaps that crate of comic books from your youth.
Some structures deliver a cage inside the parkade, and this may even be suspended over the hood of your car, which is not the most convenient thing. Others will present a larger walk-in cage, but which is also exposed towards the dust and dirt brought in by vehicles. The smallest amount of storage choices are found in numerous conversion buildings. Some four-story walkup structures with outdoor parking tend not to have a basement, so some offer you no storage outside of the suites. In addition, if an existing closet in each suite has been converted to a laundry room, there might be precious little space for storing your coats, much less your bicycles and luggage.
A few condominiums come with a separate bicycle storage room and lockers. This is the very best standard, and a single that all new-condo builders really should strive for. Since condo bylaws prohibit storing bikes as well as other clutter on balconies, an alternative must be offered. Even though lockers in condominium structures are usually assigned widespread property, they can also be surveyed and titled. If they’re titled, you have assurance that you’ll never be told to change lockers, or have it taken away, but you can pay a little monthly condo fee on the room. While these storage condominium units have had a tax assessment of zero, the City of Calgary will likely begin taxing them in 2004.
Buildings with inadequate storage, can address the issue in-house. With the developer gone, and also the condo Board of owners in charge, look around for unused area that could be converted to lockers. Most structures offer under-stairwell gaps, hallway dead-end spaces and other nooks that could be applied. Basements and boiler rooms can provide lots of area, but watch that you usually do not allow access to mechanical gear, or break fire regulations.
If you happen to be assigning new lockers, ensure you avoid month-by-month arrangements. Such details are too hard to keep track of, so rent them out either by the year, or virtually sell them off for a lump sum in exchange for a 99-year lease. Post the associated suite number on each and every locker door, so in future you might know whose it is. Unlike with titled lockers, you can’t go down towards the Land Titles Office to confirm who “owns” a locker leased on the widespread property. As towards cost of construction, it is not most likely to exceed your lease revenue, and all your corporation wants to do is break even and provide the storage.