Condo Furniture
May 30, 2008 on 9:29 pm | In Information | Comments Off
If you want to make your condo look and feel special, why not add a little style to it? You could do this by purchasing furniture that fits your personality and caters to your needs. Try CondoFurniture.com and see if there are items that catch your fancy. Their products are specially designed for smaller places like condos and apartments. You could also check out the Asian collection for a touch of the exotic. There are also upholstered seating, custom cottage furniture, occasional tables, items for dining, custom flooring, lighting and wall beds. Visit the site now and give that condo a make-over.
Many condo renters mean no mortgage insurance
May 18, 2008 on 11:08 am | In Information | Comments Off
If you want to insure your condo, check first how many are renters are in it by asking the president of the Home Owners Association. If more than 40% of the units are being rented, you will not receive insurance because mortgage companies consider condos with many renters as non-warrantable. This means that there is a higher risk for the mortgage companies thus they would not offer mortgages for condo buyers. This risk is explained by the increased chance of troubles, domestic arguments, vandalism, destruction of property, police visits and others. This is why you have to choose carefully what condo to live in for your safety and peace of mind.
Is there a budget for major improvements?
May 12, 2008 on 11:24 am | In More Information | Comments Off
The Homeowners Association takes care of the tenants by paying the bills, taking care of the building and grounds maintenance and making your home a peaceful place. Your pay for their services is included in your monthly dues. However we should always remember that there should be budget allocated for expensive maintenance or capital improvements that include roof repair or replacement, parking lot repairs and repainting. If there are no savings, the HOA will ask you from you a large amount of money. That is why you need to find out if the HOA has an adequate amount of savings that should roughly equal to at least 3 months worth of dues per unit. This way, you would be saved from trouble later on.
Selling your condo
May 9, 2008 on 11:37 am | In Information, Tips | Comments Off
So you wanna sell your condo? Here is a list of things that you must do but if you want, you could acquire assistance from an agent. Be sure that you have copies of the declaration, by-laws and common element rules to make sure that condo living will be orderly. State the common fee payment amount and planned major expenses or special assessments. Detail the latest financial statements of the condo. Be sure to include the proper location of your unit plus your locker and parking space number. Also, include the list of Board Members, the name of the management company and the superintendents so that your buyers can follow through.
Live in a condo, Know the rules
May 6, 2008 on 11:25 am | In Information | Comments Off
If you decide to live in a condo, you must know about the rules and regulations so that you may be assured of an orderly stay. In condos, ownership is divided between single families and the other tenants of the building. This makes freedom more limited and more restrained that’s why you have to establish your rights and obligations. Read these rules in documents like “Declaration”, “By-Laws” and “Common Element Rules”. All condos have these and the rules differ from one condo to another. There is a Board of Directors that manage and maintain the assets of the condo and you could talk to them if you have any questions.
Consider the location
May 3, 2008 on 11:07 am | In Tips | Comments Off
If you’re buying a condo, consider where it is located because just a few feet could make a huge difference. If you want peace and quiet, you wouldn’t want hearing the trains, cars, taxis and buses outside. That is why you should choose a condo that is far from a busy street. Also, you could avoid hearing your neighbors’ noisy feet stamping all over the ceiling above you if you choose the top floor of the condo. Also, choose a condo with a pleasant view. You wouldn’t want to gaze at a parking lot or would you? If you’re selling condos, consider how the location affects the mood of your tenants. You may lose an investment if you don’t.
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