January 2016
A condo building looks old and dated without periodic updating.
Those looking to purchase a condo suite tend to be more aware of amenities and common areas that are damaged and dated. Those who have resided in a building for many years often come to accept their environment as standard and overlook such deficiencies.
Old and dated condo building amenities and public areas can reduce the selling price of condo suites in a building and make them harder to sell.
Signs of old and outdated amenities in more visible or heavily used areas:
Lobby/Corridors
- Cracks or defects in walls
- Dated, torn or missing wallpaper
- Discoloured or chipped paint
- Worn carpeting
- Stained or damaged furniture
- Out of date lighting
- Damaged wall corners
- Dated or cracked tiles
- Staining that cannot be removed
Swimming Pool and Locker Area
- Moisture damaged walls, ceilings and/or windows
- Rusted or unreadable signs
- Stained tiles or grout that can no longer be cleaned
Card and Meeting Rooms
- Damaged furniture
- Poor lighting
- Peeling paint or wallpaper
- Damaged electronic or other equipment
Exercise Area
- Stained flooring or walls
- Signs that have discoloured over time
- Old equipment that is damaged, rusted or without functioning electronics
