Parking spot or no parking spot?

When looking for a condo, deciding whether a parking spot is necessary is important. While parking is usually included in the price of resale units, pre-construction condos typically require an extra cost that can run from $10K to $150K. Although having a parking spot can boost property value by 5-10%, it also comes with its own maintenance fee and can increase overall costs. On the other hand, not having a parking spot may limit the pool of buyers and decrease the property value. Ultimately, the decision depends on lifestyle, needs, and financial goals.