There came a time when the real estate business was in so deep a mess people gave up hope. The economic turmoil of yesterday was truly something for the record books but even with such a bad economy prime property still sells. Condo’s are some of the easiest properties to maintain and own for much of the maintenance outside the unit is handled by the association or developer. Problems within the unit are your only responsibility and that takes a lot out of the maintenance equation.
Yes, you may have to settle with living with others in such close proximity but condos are quite easy to live in(if the elevator works). Luxury truly is a thing of value but it does come in small packages, like in condos which may be the only living space you can easily get in a bustling city.
Before You Buy A Condo : Think!
Storage Space: a very precious and important thing to consider when it comes to condo living. Condo Living comes hand in hand with living “Light” so you may have to throw away unneccessary things to conserve space.
Noise: Noise Control, with lots of people cramped up in one building complex, The Building Complex has a set of rules to abide by. You may have to think twice before cranking up that radio and listen to your favorite tune.
Parking Space: For every Condo Unit purchase make sure that you have a parking space that is assigned to you, even better if you chose a parking space which near the elevator or door and or close to your unit.
Pets: Think twice, because some Condos don’t allow pets, much more the exotic ones. Ask the Building Management for pets which are allowed in the building complex.
Nowadays, condominiums are rising everywhere. This is so because condo living is a great choice for people who are attracted to the idea of owning a property at a fairly inexpensive price and yet, well-situated in the city. Apart from being in a good location, condominiums have many facilities which unit owners can maximize.
One of the leading reasons why owning a condo attracts many people is because of the fact that it does not include individual land ownership. It is basically full ownership of the unit without the sole responsibility of owning the land. Also, the combined ownership makes facilities existent and free for all and such are the pool halls, gyms, club houses, and the like. Some condominiums also take the liberty of housing small business establishments such as a mini grocery, a bookstore, and eateries so as to give even more convenience so that the tenants wouldn’t have to leave the very building.
Another advantage is that tenants only maintain their own units and the care for the garden, hallways, and the lobby is assigned to a housekeeping staff.
1. Ponder on the thoughts when preparing to buy a condo. Is it the right move? Will it fit my budget? Will it fit my Lifestyle?
2. Check the advantages and disadvantages of an urban lifestyle. Check out various Condos and note their strengths and weaknesses and also take note of the price range.
3. Get prequalified for a mortgage.
4. Inspect the building complex of your desired condo location. See my article on how to inspect for a condo unit.
5. Make an offer and close on the deal.
1. Design and Layout – check the design of the unit and the layout of the floor plan such as rooms, doors, windows. Is the unit in the direct path of the sun? If that’s the case you should consider that in summertime you may spend a bit more energy and money for airconditioning.
2. Noise – from both inside and outside sources visit the unit you want to buy at different times because there are times when it so peaceful but check it at weekends or during rush-hour period to see if the noise is bearable or not.
3. Privacy – We all want our privacy and we must find the perfect unit to help maintain our privacy, check the unit decks and patios to make sure your safe from prying eyes and such.
4. Security - Comes hand in hand with Privacy, Is there a security system in the building complex and in the unit, is it properly lit at night Is the unit or building secure and have ample security to deter criminals?
5. Amenities – Every building has ameneties that are widely available to residents, such as a pool, a hot tub and community room. And always check and ask the buliding management if there are fees for usage and maintennace of these said amenities.
6. Parking – Which is near an elevator, stairs, or close to your unit. And is properly lit.
Image Source:www.theyuppielife.com
Car condos (also known as car condominiums) are most widely defined as purchased parking facilities. Although the term may apply simply to a designated spot in a private parking lot, usually it implies an individual, climate-controlled parking garage people can buy to store their exotic cars, motorcycles, boats and other items. Amenities include private bathrooms, concierge services, 24-hour security and clubhouses to entertain guests. Car condo developers are marketing their projects to the following demographic:
1. The classic car owner who wishes to store his/her vehicle in an optimum environment.
2. A person who has a secondary residence in a popular vacation destination and wishes to keep a car year-round at that destination.
3. A resident of an urban area where parking a car is exorbitantly expensive and where the car owner wishes a property interest in return for the large monthly parking outlay.
Car condo complexes offer a variety of service offerings from webcams where owners can peek at their vehicles over the Internet to private bathrooms for their owners to use.
Here’s a healthy tip : Legs. Use Your Legs…Walk… use the flight of stairs… Legs. Use Your Legs.
I was on the first floor waiting for the elevator. I was tired. I was in a bit of a hurry. Standing next to me was a healthy looking lady. She appeared to be in her mid-thirties. The elevator arrived. I smiled at the lady as we walked in. Now, what pissed me off was how she quickly pushed the button to get to the second floor.
That’s one measly flight of stairs.
The staircase is right next to the elevator.
In plain view.
Out of curiosity, as she stepped out of the elevator, I looked to see which unit she was heading into. She went into the one right next to the staircase.
If I wasn’t such a nice guy, I would have stepped out of the elevator and yelled at her for being so lazy.
We have legs, ladies and gentlemen. We should make good use of them.
Other people won’t be as forgiving as me.
Everybody is individual and unique and you are no exception.
What is a Neighborhood
Neighborhoods firstly, concern an area. Second, it concerns the people living there. In order to maintain a neighborhood, these two factors must be taken intro consideration. A neighborhood is primarily a reference point, an area referring to a collection of residences.
The Neighborhood and Society
Since time immemorial, man has had to live in harmony with other men. In more contemporary times, because of the housing developments as well as changes in society itself, we term a collective area where people reside as a neighborhood. And according to the kind of neighborhood one lives in greatly influences his development as an individual.
On Residential/ Housing Developments
More and more housing development plans are coming into business. Land development has made it possible for more people to purchase their very own homes in much better places than in the congested city. With such developments, more is expected of the kinds of neighborhoods which one is exposed to.
