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condominium

Life
Investment Success: Condo Sale Pays Big
January 18, 2010 at 1:25 pm 5
Like many engaged women I will shortly be leaving my apartment to move in with my fiancé. The whole thing is very exciting, but even better because the recent sale of my condo turned out to be a big win. I bought my condo in 2007, and it was a major achievement for me. It was a dream that I’d had in my back pocket for so long, but it just seemed so hard to scrape together a down payment, and then the monthly payments that seemed to last forever were also extremely intimidating. But, despite it all, my dream came true. In August 2007 I bought my first place.

the messy kitchen that I bought

the messy kitchen that I bought



the messy sleeping area pre-renovation

the messy sleeping area pre-renovation

When I bought it I looked at it like an investment, a necessary step to get me to the next place in my investment goals. I planned on living in my place for 2.5 or 3 years, and then I would sell it – and hopefully make a big, fat profit – or I would rent it out while it continued to increase in value.

making improvements to the apt

making improvements to the apt

Two and a half years later I decided I would list it, and prey for the best. So, in the beginning of December I put my place on the market. While the real estate market may be suffering in most of North America, things are not so bad in Toronto. Actually they are pretty good. I wanted to make sure that I didn’t miss out this opportunity to make money off the sale of my apartment. What if things fell sharply in the Spring? What if the new buildings in my neighbourhood – set for construction to be completed in Spring 2010 - were more appealing than my 3 year old condo? What if the economy slipped into more of a recession and nobody was buying? I didn’t feel comfortable with waiting it out until the Spring market, so I listed it. Thank my lucky stars it sold in one week!!! At the end of January I will be closing the sale of my condo and moving into my fiancé’s place. And, I have to say, buying my condo was THE BEST INVESTMENT I’ve ever made. I made 275% return on my initial investment! I think I might just try this again…
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Life
Buying My First Place – On My Way to My Dream Life
August 20, 2009 at 2:53 pm 1

I’m a big believer in having life goals, and working towards those goals with solid plans. But one of the funny things about achieving a dream life, is that it takes a lot of work and determination to get there. For me, buying my first condo in 2007 was a dream come true. I bought my condo at a bit of a turbulent time in my life. I’d recently broken up with my long term boyfriend and it was a less than perfect ending, I was pulling crazy hours with a full time job and endless nights at university finishing my master’s thesis, and I was in a long distance rebound relationship. Needless to say there was a lot going on in my life, but I stayed on track so I could get that much closer to my dream life. When I bought my place I felt so accomplished. I’d dreamed of getting into the real estate market for so long, and scrimped and suffered to save up for my down payment. It was something that I had wanted to do for years, but my long term relationship was holding me back from doing this. While I sacrificed to save up to buy a place, without a supportive partner when you are in a relationship it’s almost impossible to make your dreams a reality. So when things ended I moved into a different phase in my life where I didn’t have to compromise my goals anymore. Finally I was able to buy my first place. I was filled with pride that I’d been able to succeed in one of my long term dreams…and best of all, it made me realize that I am able to achieve my dream life. Not only did I feel so proud for getting my first place, but it made me realize that relationships should bring out our better selves and make us closer to achieving our dreams. After I bought my place I was done with spending time in relationships that held me back, or didn’t enhance my life. And that’s one of the little changes in my life that has made a huge difference overall.
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