Mountable cabinet tips.

January 29th, 2015

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If you are having problems where to put your books and other important documents (I’m not referring to money! You can put that in a bank or a safe.), and it seems like all your vacant spaces are occupied, then why don’t you try those mountable high cabinets? You can put those on top of a middle rise cabinet and stuff your books and other folders there. It’s actually better if your choose something that has a lot of segregators so that you could actually put lots of different documents (portion 1 is for cook books, 2nd is for work folders etc.).

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

Before buying a condo… (part V)

January 22nd, 2015

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Last tip to make sure you are getting your penny’s worth is to take a peek at the condo’s owner’s association. They are the ones who are making the rules of the condo, so you should familiarize yourself with the ones on top. A condo’s owner’s association will do its very best to maintain the exterior as well as the interior of the condo. Inspecting the condo’s ins and outs can be very helpful in determining how good the owner’s association is. The sight of a small crack at the corner of the hallway is not a good sign. You might want to look for another one.

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

Convenience at its peak.

January 15th, 2015

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If you really want minimum maintenance in your condo unit, you better consider taking away some of your frilly designed furniture and accessories. First, you can minimize your knick knacks without sacrificing design (maybe remove some that don’t add to the interior of your room). With this, you have fewer things to dust off. You can also remove your curtains and replace it with rolling blinds. Rolling blinds are a lot easier to handle. You can just wipe them off with a wet sponge (it’ll take only a few minutes) and continue doing other things afterwards. Removing the curtains can also minimize your laundry load.

Photo taken from http://images.craigslist.org

Small Space Solutions

January 8th, 2015

 

Condo owners/ renters tend to have the same problem. Not enough space. Condominiums aren’t really made so big because the rooms in the building are divided to accommodate a lot of tenants. So making a small space comfortable is the main challenge. If you’re lucky, you will land a unit that has already been furnished for you. If not, you would have to know how to design and maximize your own space. Choosing the right furniture is the trick. Stay away from large and bulky sofas that will take over the entire room. Instead of putting cabinets, install shelved on the wall to store your things. This way, you get more floor space. If you decide to add an entertainment system, also consider having your TV attached to the wall. Use light colors on the walls to help bounce light around the room to create an airy aesthetic. Keep the place tidy at all times too.

The Disadvantages

December 31st, 2014

 

Many people are considering buying a condominium. This comes as no surprise since high rise buildings are practically everywhere and condo is relatively cheaper than buying a house. People in the city prefer condo living since it is the current “trend” and it is less the hassle of yard maintenance and the financial responsibilities that owning a single home owners usually face. But before you sign that contract with the condominium purchase, you should also probably know the possible hassles and disadvantages of owning a condo. First, You share common walls. This means, less privacy for everyone. You are merely steps away from your neighbors. There are people living above you, beside you and below you. If you are lucky, your neighbors are considerate. If not, they will annoy you many times. You will also have to pay association dues monthly. If you are living in a fancier condo, it means more assoc dues to pay.

On Buying

December 24th, 2014

a10.jpgKnow up front what your monthly expenses are expected to be. When buying for a condominium property, shop around to know the prices. Ask your realtor. They are well-experience on this matter. First-hand reports are very useful tools during your home search process, and you’d be wise to take them to heart.

What’s Your Protection

December 17th, 2014

a5.jpgApartment communities often pick up the phone and call a leasing office or an on-call security staff to report excessive noise. With condominium owners they don’t have such facility unless it is included in their amenities. Condo owners are sometimes faced with this dilemma of going downstairs, upstairs or next door.

Kitchen magic.

December 10th, 2014

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As we all know, dark colors tend to make the room look smaller. If you have light colored wallpapers or white paint on your walls, then congratulations, you just made your condo look bigger. However, when look at your unit, there seems to be something wrong. Oh, those kitchen counters! If you have counters with black granite tops, better call your contractor now and have those removed. Even if you have a large kitchen, the black tops tend to make your kitchen look smaller than its real size. Try to go for a lighter shade of granite if you really want granite for your countertops. Also, you can have Maple wood finishing for your countertops. This light colored wood can surely make your kitchen look bigger.

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

Coming Up With Your Downpayment

December 3rd, 2014


Image Source: kindnessofstrangerstravel.com

One of the factors that lending institutions look at is how much downpayment can a buyer make. A downpayment is a borrower’s “goodwill money” and a sign of his intent to make good on a loan and a lender’s assurance to lessen the risk in case the borrower defaults on his monthly payments. The bigger the downpayment, the bigger the chances of getting a higher loan amount or a lower monthly amortization. Generally, borrowers do not have big amounts of cash on hand to be given as downpayment. However, they do have other sources of funds aside from their own savings. It could be from family, friends, relatives, money from sales of stocks or bonds or a qualified co-maker.

To accomodate buyers with a limited downpayment, lending institutions and other mortgage companies have come up with innovative solutions:

  • Zero downpayment loans. As the name implies, this loan does not require a downpayment. This is usually offered to first time buyers who can make the monthly amortizations but have no family , friends or relatives who can lend them the downpayment.
    The downside however is that the interest rates or the monthly amortizations are usually higher.
  • Rent to own loans. A buyer starts off as a renter with the option to buy the property any time during the term of the lease, at a price acceptable to the owner. In most cases, the rent amount you paid will be fully or partially applied as downpayment.

Subsidy programs are sometimes even offered by cities that are hoping to expand their communities.

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.