How and why to move within your building

By Estelle on August 22nd, 2018

Life is always changing, and as a result, so does what we need in our homes. Maybe you're looking to upgrade to a nicer unit, or, you're looking to downsize after the kids have moved away from the nest. Whatever the reason, a change is in order. But a huge move is not always necessary, sometimes it can be as simple as moving to another unit in your current condo building.

Today we're going to look at why it is you may want to move within your building instead of looking elsewhere, and some tips on going about this easily.

Why move within your building?

There are a number of reasons why you might desire a move within your condominium.

You love your building – Maybe you are no longer in love with your condo unit, but you still have an attachment to the building? Even in the same building, not all units are created equal, so your building could still have more to offer above and beyond your starter unit. It's natural to grow attached to the area and the amenities that your building offers, so if you're unhappy in your current unit, it's worthwhile to see what else is in the building.

You are looking to upgradeWhen you first bought your condo you may have been younger, and fresh faced in your job sector. Now you've become more successful and are looking to upgrade your living quarters. Chances are your building has various levels of luxury in their units and you could upgrade to a nicer place without having to leave the building that has grown to become your home.

The size of your family changes – Say you were a single bachelor when you moved into your condo. Now, you have a partner and maybe a kid or two. Suddenly that unit that you fell in love with no longer fits your needs, or your growing family. But, your work and maybe the kid’s schools are close by and you don’t want to leave the area. This is where finding a bigger unit in your building comes in.

The same works in reverse. If your kids are now on their own and you are happily living the retired life, you can choose to downsize to a smaller unit without having to leave your building.

What is the easiest way to do so?

So, now that you know you're looking to move units within your building, how do you go about doing so?

Keep an eye out on listings – As soon as you know that you want to move units, begin to search for listings within your building. Timing is everything when it comes to real estate, which is true even if you are just looking in your building.

Speak to your real estate agent – If you are looking to buy the new unit, enlist the help of your friendly neighbourhood real estate agent. They will be able to help with the available units and facilitate viewings.

Be patient – Just like you were when you first found your current unit, you have to be patient when finding a new place within your building. You might even have to wait for the apple of your eye to go up for sale. However, keeping your eyes on listings and utilizing the services of your real estate agent will help to speed up the process.

Do not underestimate the move – Even though you're just moving within your building, it doesn’t mean that it'll be a cake walk. Moving is hard work no matter how far away you're going. While you do have the advantage of not needing to rent a moving truck, you still have to get everything from point A to point B. Make sure to book the elevator and enlist the help of friends to help move the large items. Paying them in pizza and cold beer tends to work well.

Additionally, be sure to contact your utility companies. They will need to change over your cable, etc.

If you are renting – If you do not own the unit you are living in, but rent instead, it is best to speak to your landlord. This way they will be able to put you on a waitlist and you should have an easier time getting into the new unit. Chances are you will also have an easier time being considered for the newly opened unit over someone applying from outside the building.