The Cost of Condo Living

April 23rd, 2015


If you’ve just bought a condo, or are planning to buy one, you might have overlooked the cost of your monthly dues. These, in addition to your mortgage, are major costs you cannot afford to miscalculate. Monthly dues can vary according to the amenities and services a condominium has. It’s usually calculated per square foot or meter. Think of these as fees as membership fees you need to pay to use the amenities your building has. After all, you have a pool, gym, jogging track, tennis courts, etc, amenities you would usually need to pay a country club for. Also, these fees will go toward building security, maintenance, disposal, gardening & landscaping, etc., all services you would normally have to do in a regular home, but is now being handled by a property manager. You’ll need to consider this part of your monthly expenses, remember too that these dues can’t be taken off, even if you’re not using the condo or it’s amenities.

頭金を工面する

April 16th, 2015


イラスト提供: kindnessofstrangerstravel.com

施設を貸す要因の一つに、買い手がどれだけの頭金を用意する事が出来るのかということがあります。 頭金は借り手の「信用保証金」で、ローンの支払いを遂行する意志と、借り手が月額支払いの義務を怠る場合のリスクを軽減する、貸し手の補償を意味します。 頭金が大きいほど、高額なローン額を得るチャンスもより多くなり、あるいは、月々の返済金もより低くなるのです。 一般的に、借り手は、頭金に支払う大金は手元には所持してはいません。 しかし、貯蓄として蓄えた別の資金は所持しています。 家族、友人、親戚、株、債権などの売上金から得ることも出来ます。

限られた頭金しかない買い手に便宜を図る為に、設備の貸し出しや他の住宅金融専門会社は、革新的な解決策を生み出しました。

  • 頭金ゼロのローン。言葉通りこのローンは、頭金を必要としません。これは普通、初めて購買する人達で、返済は出来るが、頭金を貸す事のできる、家族、友人、親戚などがいない人達を対象にしたものです。
    欠点は、利率や月々の返済額が、通常高めだと言う事です。
  • 購入選択権付き賃貸。 買い手が、借り手として契約を行い、賃貸期間中、所有者の許容範囲内の価格であれば、何時でも物件を買える選択があるというもの。 大抵の場合、支払った賃貸料が、全体、または部分的に頭金として適用されます。

補助金制度が、地域作りに力を入れている町によって時に実施されていることもあります。

マンション生活の費用

April 9th, 2015


もしあなたが分譲マンション(コンド)を購入したばかり、または購入する事を計画しているのなら1ヶ月の管理費用を見逃しているかもしれない。 これらは住宅ローンに加え、計算間違いにより支払う事のできない主な費用だ。 毎月の管理費は、分譲マンション(コンドミニアム)が所有する娯楽施設やサービスによりさまざまだ。 通常、1つのスクエアやメーターにより計算されている。 管理費用と同じようにメンバー費用も、マンションの持つ娯楽施設を使用する為に払う必要がある。 結局プール、ジム、ジョギング用のトラック、テニスコート等カントリークラブに通常支払う必要な事だ。 またこれらの費用は、ビルの警備費、メインテナンス、処分権、庭の手入れ等に使われ、あなたの家に通常費やす事だが、不動産屋により行われているという事だ。 管理費を毎月の費用として検討する必要がある。そして覚えておくべき事は、あなたがマンションや娯楽施設を使用していなくても、この費用は支払わなければならない事だ。

Material Costs

April 2nd, 2015

3.jpgAnother remarkable blow to developers is the recurrently rising costs of construction materials. Due to this circumstance, more than a few condo developers “have canceled projects, has returned the buyer’s deposits, as well as put the land up for sale plus are at danger of foreclosure. Developers and investors are trying to recover whatever thing from the condo nose-dive by exchanging units back into apartments. Real estate specialist agree that it will take at least years for the condo market to get better unless the price of materials are still increasing. However, consumers stop using condos for overnight savings as an alternative and instead go back to home buying way of life.

Will Your Real Estate Taxes Rise?

March 26th, 2015

decide.jpg

When you convert an owner- occupied condo into a rental property, your real estate taxes may rise. Although rules vary by jurisdiction, here are two common reasons taxes increase:

First, some jurisdictions provide a “Homestead Exemption” for owner-occupied residential real estate. This benefit exempts a
portion of the property’s value from taxation. If you convert your condo to a rental, you normally lose this exemption.

Second, owner-occupied residential real estate is usually taxed at a lower rate than non-owner occupied residential real estate. That is because the non-owner occupied property is assumed to be held for investment purposes. Accordingly, it is taxed at a higher rate.

How will the tax assessor know when you converted your condo to rental status? You are going to furnish that information on your next federal and state tax return. You report your real estate rental income and expenses on Schedule E of Form 1040.

Going Japanese!

March 19th, 2015

15.jpg

If you want to achieve a simple look in your condo design, then maybe you can do with a Japanese interior. Japanese interior calls for earthly colors such as beige and brown. They seldom (or never at all) use colors that attract attention (like candy apple red, apple green, powder blue or any pastel color for that fact) compared to other designs. They would like to retain simplicity in their interior and as you design your home, make sure you have symmetry when it comes to your things (buy two display earthen pots instead of two). Never ever forget their famous short table for your dining room! I’m sure your friends will love the new look!

Photo taken from http://pro.corbis.com

Condo Documents

March 12th, 2015

There are several documents involved in condominium ownership that you may want to review before purchase. These papers should be available from the condo’s board of directors or their representative. They include: Master deed, Bylaws, House rules, Covenants, conditions and restrictions: Private restrictions on the use of project property; usually created by the developer

Cheap Improvements that Help Sell Your Condo

March 5th, 2015

Selling a condo is a tad bit harder than selling a single unit home for there is not much external aesthetics that can be your selling point. So improvements on the inside can help a lot with increasing your chances of getting a buyer quick without costing an arm and a leg.

One of the cheapest ways to improve a condo for selling or just for a change is through a change of color. Yep, good old paint and the good thing is that you could do it on your own cheaply. Get hold of material that would help a lot such as magazines that show current trends and colors that would give your unit a much needed sprucing up. You’d be amazed at how much a change in character a condo unit can get after a re-paint. And who knows, the first buyer you may get in that door maybe your last, selling your condo before you know it.

Condo Living – Hard Times

February 26th, 2015

foreclosureMore and more people are opting to save money due to the recession and condo living people are feeling the pinch. not only are the ones living within them finding it difficult, the property owner who gets a vacant unit seldom gets a replacement in time to make all necessary payments.
The hard economic times has resulted in many losing jobs even from some of the world’s biggest companies who have been forced to trim down their workforce rather than face closure. The government is trying to alleviate some of the pressure but it might not be enough to hold of foreclosure on your mortgage. Time will tell if we can weather the storm that is in full force, hopefully not too many will be left out on the streets of the broken American Dream.

Next Big Thing

February 19th, 2015

a12.jpgWhen most people think of Macau, the first thing that comes to mind is gambling. Work hard, and play hard! With new casinos being built and old ones being remodeled, no wonder why condo units are everywhere. So after a long workweek, what other place to stay than at your luxury condo.