The Cost of Condo Living

November 26th, 2014


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.

Cooperative Housing Project

November 19th, 2014

2.jpgA cooperative housing project is another type of ownership for a multi-family dwelling. Situated mostly  in huge municipal areas, the owners of a co-op are in a larger group of ownership, instead of owning the individual units themselves. The standard monthly evaluation is like a condo as well. As a rule, the condo fee pays only for the building maintenance, such as pool upkeep, garbage removal, water and other utilities. In many cooperative housing projects, it may also include replacement of appliances and systems. For example, if a refrigerator, or air conditioner and/or other major appliance goes out, you would simply build in for a new one without having to buy it yourself.

Doing the double.

November 12th, 2014

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If you really wish to have more storage in your condo you can install high rise cabinets or wall mounted cabinets so that you can put things in there. But if you do not wish to drill the walls or occupy some floor spaces in your condo (maybe you have other things to put in there), maybe you can settle for an ottoman.

An ottoman is a sofa type (without a backrest) wherein you could put things inside. The lid of the sofa can be opened, so you can stack things inside. The ottoman can serve as sofa for entertaining guests and a storage room for your stuff! Talk about double purpose!

Photo taken from http://www.artefac.com

Monarch on the Merrimack

November 5th, 2014

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Monarch on the Merrimack spells ecoluxury in the Victorian riverside city of Lawrence in New England. The development transforms the huge Wood Mill into 600 eco-friendly residences. Using geothermal heating and cooling, Monarch saves energy for what was once the largest building of its kind in the world. The historic mill was converted into modern lofts with 16-foot ceilings and oversized windows. Units come in studio, one-bedroom, two-bedroom and mezzanine lofts, or garden lofts and terraced penthouses that can be combined to make spacious residences. A number of unique residences, including duplexes and triplexes, are also available.

Apartment Therapy

October 29th, 2014

If you don’t quite know what you’re looking for in urban dwellings, here’s one tip. One site that is a great run-to for designer hacks is apartmenttherapy.com, centered on New York, Los Angeles, San Francisco and Chicago. Their house tours bring you to the living spaces of interesting people, where you can sense the resident’s personality.

This is one great way to pick up ideas for your condo if you’re on the hunt for urban property to acquire. The shopping guide splits up services and stores to a hundred categories so you know where exactly to find items, materials and styles in your neighborhood. Talk about variety!

The glorious link list opens the (browser) window to more inspiration elsewhere. I don’t think we mentioned that this healing process is not good for your financial health.

Living In Comfort

October 22nd, 2014

5.jpgLiving and dining in a luxury place at the heart of the city is the trend these days. Standing at the window of a condominium unit is a fascinated scenery. That’s why the higher the unit floor, the cost is much expensive. Also, homeowners are now particular how well decorated the unit is. Some are even hiring interior decorator to transform the unit into a magical place. More than anything else, living in a condominium is more of a comfort rather than a lifestyle. The fact that you live in nearby establishments, you don’t need to worry about time and other things.

Moroccan Inspired Condo

October 15th, 2014

If you are lucky enough to have been to Morocco, then you would have possibly been taken by the beautiful interior of the homes, hotels and restaurants around. There is a certain rich and sensual appeal to Moroccan decors. If you want the same in your own home, it is possible. Do not worry, it is easy. Here are the instructions on how to transform a regular unit to a Moroccan inspired room!

1. Paint the walls in Jewel tones. This will make a big contrast to the rich colors that will fill your room.

2. Shop for colorful saris. This is easily done either online or thrifts stores of the closest India town in your area.

3. Make use of these saris as curtains, pillow covers or seat covers. Don’t be afraid to go crazy on colors. Moroccan rooms are all about that! Use a lot of pillows! They love big stuffy pillows. It can also be used as a seat.

4. Morocco is a warm country, therefore, try to give off a vibe of warmth by playing with your lights. Make use of  low wattage sconces and lanterns rather than harsh overhead lighting.

5. To finish, add a beautiful chandelier in the middle of the room.

Condo Neighbors

October 8th, 2014

a6.jpgIf you have quiet and considerate neighbors, common walls is not an issue. But it’s a gamble when you purchase a condo unit since you don’t have any idea how selfless your neighbors will be. And unfortunately, if your neighbors are unbearable, you have little alternative as a condominium owner but to call the administration.

マンション生活の費用

October 1st, 2014


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。

Real Estate -Condos Are Becoming Single Family Vacation Homes

September 24th, 2014

simpleasian.jpgNationally condos have become almost as popular as single family homes for vacation properties. Many families consider their second home as a means of diversifying their portfolio. While the trend is picking up in Wisconsin, the appeal has always been toward cottages and cabins.

Buyers believe that owning homes in two entirely different markets increases the chance that their total equity will continue growing. They also have the advantage of more liquidity. If needed, they could sell one of the homes and live in the other.

Brokers in Wisconsin report the trends are picking up in the area. Buyers in this area are buying cottages and cabins for second homes. Approximately 42% fall in this category while approximately twenty percent buy condos.

The difference in the buying habits today is that buyers are looking for the appreciation in value of the property rather than looking to rent the property. Buyers are also not looking to repair or maintain their vacation property. The trend is leaning toward one of convenience. For these reasons, buyers are vying toward new construction.

Buyers don’t want to work. They are buying these properties to visit them and relax in a different environment. Currently Baby boomers are driving this trend. Since they have more disposable income than prior generations had, this trend could continue for some time.

Source: 7263.org