Top 5 Reasons to Buy a Condo (Part 2)

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Reason #4: You Can Get More Space

Often, buying a condo is a good alternative for those looking for a large piece of real estate but that do not have the funds. If you want to buy a 3,000 square foot home, you may not have the funds for it. On the other hand, it might be within your budget to buy a condo that provides 3,000 square feet of space. In fact, there are some pretty good deals going on in the condo aspect of the real estate market right now that some savvy shoppers are happily taking advantage of.

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Sophia condominium receiver begins sorting out options

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The Sophia condominium project’s receiver has begun sorting out which pre-sale buyers are willing to pay higher prices for their units to get construction back on track.

Their options are to agree to pay a price that is 90 per cent of current market value for their units, which in some cases is more than $100,000 higher than initial pre-sale contract prices they signed in late 2005 and 2006, or take their deposits back and walk away. Buyers can take their deposits back if they want, but the order authorizes Bowra to cancel contracts and sell units at current market prices if necessary.

Developer Bill Eden turned the project over to receivership at the end of February when some $4 million in cost overruns threatened to sink the 81-unit development.

Design tips to cover your condominium

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It is critical to go for a thing before purchasing it. On the off chance that you are directing an online buy, you may need to demand for samples before making any buy. On the off chance that it is a neighbourhood store, make game plans with the vender to permit you to take a condominium before making any arrangement. Look at it with the common light of your condominium and assess on the off chance that it fits your desires. Never hurry to make a buy.

It is not right to give someone a chance to pick for your sake. It ought to be comprehended that this methodology is an individual decision and it ought to be free from impact. The decision of the right blankets ought to be directed by the décor and in addition the shade plan of the room. As opposed to permitting others to pick for you, it is prudent that you look for exhortation from experts

On the off chance that you try for low quality things, they will destroy excessively soon consequently compelling you to supplant them. Continuously try for durable things regardless of the possibility that they are costly on the grounds that they will end up being less expensive over the long haul. Notwithstanding, they ought not to be excessively costly.

The style of the shades and blinds that you choose will focus the topic of your home. In this way, the style of the drapes that you pick ought to compliment different components in the room. In the business, you will discover a mixed bag of styles and it is fitting to accumulate some learning about the accessible styles so you will think of an impeccable item.

Picking the design of the blinds and shades depend on the theme of your condo

Picking the design of the blinds and shades depend on the theme of your condo

Image by Good Housekeeping

Hire a Condominium Consultant

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If you’re thinking of buying or renting a condo unit, then I suggest you get a Condominium consultant. This person has been in the trenches when it comes to dealing with condo documents, and experience in haggling with Developers, Realtors, Buyers and Sellers of condo units.

Buying a condo is more complex than it seems because not only are you buying a unit, you’re also buying an interest in real estate. This is where the Condo Consultants come in and make it all organized for you.

The problem is, since there are very few of them around, they cost a lot. Usually, their pay start at around $350. Don’t worry, it’s better to spend early than regret buying the unit in the end.

Seattle Condos and Lofts

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Lets start with the bad news first. The median price for Seattle condos fell for the third consecutive month; it now stands at $305,000, a 3.3% decrease compared to October. And, as we�d expect with cyclical patterns, fewer condos were sold last month, though pendings transactions remained unchanged.

The good news? Overall, Seattle�s condo market performed very well in November. While the month over month figures show a downward trend in the median price, compared to a year ago, median price rose 2.5%, the 11th consecutive month that 2007 sale prices have outpaced 2006. Additionally, the number of closed sales increased 15.3% over the prior year. Buyers are still buying and sellers are still experiencing value appreciation.

by Dec 7th, 2007 by Ben_Kakimoto, from seattlecondosandlofts.com

Condo Living

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In an article by Les Christie, CNNMoney.com staff writer, I learned that Designer influence is seeping into condo housing.

The Armani brand, in this case, was chosen for its muscular values. According to Arthur Gallego, the publicist for the marketer SHVO. “We knew it would attract a primarily male clientele,” he says, “and Armani’s very masculine palette was a good match.”

As a single lady, I love condo living. I own the inside. Everything on the outside is the responsibility of the Condo Association, and I’m part of that too. For a nominal monthly fee, snow is shoveled, grass is cut, and exterior maintenance is shared by 28 units. Read the rest of this entry »

Condo Living Is Not Meant To Be Hassle-Free

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Shocked by the prospects of having to pay as much as $11,000 each in a special assessment, owners of units in a Farmington condominium complex have banded together to find a solution to their million-dollar problem.

Normally, few of the unit owners attend condominium board meetings, but about 60 residents of the Greenbriar complex showed up at last Monday’s special meeting to figure out what to do about their wooden siding, which is rotting in many places and needs to be replaced.

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Top 5 Reasons to Buy a Condo (Part 1)

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“A growing number of people in the real estate market are looking to buy a condo rather than to purchase a home or to rent an apartment. But, why are condos so hot in the real estate world? Here are the top five reasons why so many are looking to buy condos rather than other forms of real estate.

Reason #1: Condos Do Not Require Upkeep

One of the biggest reasons that so many people are looking to buy a condo is the fact that they do not require the same type of upkeep as owning a house. For those that hate mowing the lawn, pulling weeds, repainting the house, or doing other chores associated with homeownership, it simply makes more sense to buy a condo. In addition, many people simply do not have the time to maintain a home because of their careers. Therefore, a condo provides a practical solution.

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Chic Condo Decor

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Furnishing a new condo is really difficult specially if you have no experience to begin with. Most people worry that because they do not know what to do or where to start, they will end up spending a lot of money. It might be a smart idea to hire an interior designer but if you have limited budget then you can do it yourself too.

First thing to do is to sit down and visualize what you want in your place. What colors would you like to use? What furniture will you want in the room? What is your taste in decors? List these things all down before you get started.

If you’re already satisfied with the color on your walls, then no need to worry about having it painted or putting up wall papers. Now it’s time for business. Go online and look for furniture on different websites that offer classified ads. There are also yard or garage sales that have a lot of wonderful pieces.

Remember to get not just beautiful pieces but also functional ones. It’s important to make use of space well. Overloading on furniture can make a room look small and cluttered.

Buy the Right Sized Appliances

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Condo units are small compared to houses, therefore don’t think about putting the same appliances in them. So that large fridge will need to be sold off and that big closet needs to go before you move in. Hopefully, you’ll have enough money to buy new, smaller appliances.

Condo unit owners or renters cannot place large appliances and furnitures in these tight places. They also require them to be as silent as possible, since they’ll be sleeping next to it. Besides, bigger is not always better.

“People are not equating space with luxury anymore. It’s becoming more about convenience and comfort – that’s why you are seeing quieter dishwashers, even in the lower-end condos, so people can run them and also watch TV or go to bed and not be bothered by the noise.”

With the increase of condo users, manufacturers have decided to make appliances that will fit in a condo unit. The challenge is how to make them as effective as their large counterparts but smaller.

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