How One Townhouse Buyer Mistake Can Cost You Thousands in the GTA
Buying a townhouse in the Greater Toronto Area can be exciting but comes with pitfalls that many buyers don’t see upfront. This insider knowledge could save you thousands.
The Hidden Hydro Bill Crisis
Not all homes cost the same to heat and cool. Some have outdated systems or poor insulation that shoot up hydro bills. Before buying, always ask the seller about the average monthly hydro cost. In places like Milton and Georgetown, this can vary widely.
Sidewalks: More Than Just Convenience
Neighborhoods without sidewalks might seem trivial, but for families—especially in Oakville or Burlington—they’re a must. Sidewalks not only make daily walks safer for kids but also significantly impact your home’s resale appeal.
Central Air Conditioning Isn’t Just a Luxury
Toronto summers are hotter than ever. Townhouses without central A/C can cost you thousands to retrofit later. Check if the home already has central air conditioning before committing.
Storage Space: The Silent Saviour
Townhouses often lack basement storage or large closets. Count them carefully. Without enough storage, your home can start feeling cramped and messy.
Fresh Paint Could Be Masking Trouble
A seller might paint over water stains or wall cracks to make the home look perfect. Inspect closely for bumps, patches, or texture changes on walls and ceilings.
What You Should Do Now
If you’re serious about buying a townhouse that won’t drain your finances, use my curated list of must-sell homes: price reduced, power of sale, and new construction across the GTA.
Visit mustsellhomes.ca for the latest listings in Toronto, Mississauga, Milton, Oakville, and beyond.
FAQs
Q1: Why is asking about hydro bills so important?
Knowing monthly costs prevents budget shocks.
Q2: How do sidewalks affect resale value?
They improve safety and buyer appeal.
Q3: Can I install central AC after buying?
Yes, but at a high cost and inconvenience.
Q4: What signs indicate hidden home damage under paint?
Look for texture changes or wall bumps.
Q5: How much storage should a townhouse have?
Enough closets to keep your home organized and spacious.
For a Free Home Evaluation, visit SellingAHouse.ca.
