First, consider your condo’s amenities when answering the question, “how much can I sell my condo for?”
Buyers will differ, depending on their needs. Some buyers will be glad to pay higher maintenance fees if they are getting indoor parking or a fitness room. Other buyers will be looking for lower maintenance fees.
If your maintenance fees are high, your selling price should generally be lower.
Parking can add $25,000 – $50,000 to your selling price, particularly if your condo is located downtown where parking is limited. Click here to see a list of 2021 monthly parking rates for various Waterloo lots.
Storage space can also add value to your condo. If you have a locker or in-suite storage, the value of your condo is higher.