Real Estate Investing Advice & Information

A pre construction condo is a unit that has been offered by a builder, yet has not been actually built yet. This process has proven to be an excellent investment with the concept that you are buying a property for tomorrow at today’s price. This practice is a win-win situation for buyer and builder alike.

The basics of the process can only be described as ingenious! Although there are some differences in how each transaction is handled, the basic idea remains the same. There are a few steps involved, but when followed with a keen eye, the buyer and builder can expect nothing but success.

The first step is to come to a reservation agreement so that the unit is reserved and a down payment is agreed upon. Usually the builder can reserve the right to alter the price within the contract with the buyer having the right to cancel the contract and receive full refund. continue reading…

The affordability for domestic market condominiums in Singapore had improved as compared to 2007. It is mainly due to the low interest rate. Domestic condominium project outside the central region are leading the market recovery. Demand for condominium outside the central region had increased to 40 percents of total private residential transaction in Singapore. The developers took the opportunity to launch domestic condominium at competitive pricing in first quarter of 2009. More than half of the purchasers were HDB upgrader.

The number of private condominium that is to be completed between 2009 to 2013 is estimated to be in the range of 11,000. In comparison to 1996 – 2000, there are about 40,000 completed which include both private and public housing, the number of unit completed for the past five years had dropped to 13000 units per year as the government cut down on the number of public housing.

The residence population grew with an estimated yearly rate of 1.4 per cent from the past 10 years. Based on statistic, the annual demand will be about 16000. There is also high demand for government public housing for three and four room model. The application for Punggol and Sengkang this year created an oversubscription situation. With the high demand in public housing, it cause a overspill effect for private condominium. Majority was upgrader of public housing. continue reading…

Condominiums have become very popular choices for many home buyers. This is true in the City of Denver where a Denver condominium is considered a very good housing option for many who are seeking to purchase a home. One reason that condominiums have become so popular in Denver and elsewhere is their affordability. They often cost less than a traditional stand-alone home. They are a very good option for first-time home buyers and empty nesters that no longer have a need for a large home. They are usually very convenient to services and shopping which make them ideal for working couples. Condominiums offer an easy lifestyle for adults who have had a lifetime of mowing grass and keeping up with outside maintenance. By choosing to live in a condominium, they can have more free time to pursue their interests.

Many Denver condominium developments come with amenities such as health clubs on the premises. Often in large cities, condominiums are located on the upper stories of the building with shopping, and perhaps restaurants, on the street floor making it very convenient for residents. They won’t even have to get out their automobile to go out for a gallon of milk!. This type of situation guarantees privacy and quiet in the evenings because the stores are then closed. Great views of the city at night when the lights are glistening in the distance are offered from a Denver condominium that is located on a second story or higher floor of the development. This is of course true in other large cities as well. As our population has increased, the need to maximize the use of space has become important. Condominiums play an important part in the effort to save valuable ground space by providing housing units of multiple levels so that more homes can be created in a smaller space. Space is an especially big issue in our larger cities. This is one way to help with our environmental problems in this country.

Today, many condominium developers sell their condominiums before they are constructed. There are many advantages to the buyer to do this. The first is that you can usually purchase a unit for a lower price during pre-construction. Another real advantage, whether you are buying a Denver condominium or are buying in another large city is that you have many choices while the unit is under construction. Usually you will have a choice of floor plans from which to select at this stage and you can also select your choices for counter tops, cabinets and what type of flooring and appliances you want using the colors of your choice. This enables you to select items that suit your taste which will be reflected in your home. Since these condominiums will appreciate in value once they are completed, this is a good financial investment. In fact, it is so good that many investors will purchase more than one pre-construction home in a development so that they can sell them when they are completed and make a nice profit. continue reading…

Condominiums are a creative answer to the problem of expensive housing. Wouldn’t it be great if young people could just buy a house? They would have a yard, a garage, and 2 or 3 bedrooms. They’d settle in and make a life. Unfortunately in many areas of the country, especially big cities where the jobs are, that’s just not possible.

Not only is the price of a small house out of reach for someone just starting out in life, but they can’t scrape together 10% of the price plus closing costs to get in. Enter the condo. It’s much like an apartment, but you own it. They even came up with legal details about what you own. Since structural elements like beams and roofs are shared, you own the “air space” in your unit, and all owners share ownership of common areas. It sounds weird, but it works. A homeowner’s association with the power to levy assessments is necessary to ensure maintenance and repair of common areas. The condo is usually small, and since the price is lower, it usually qualifies for an FHA loan. This is great news for first time buyers, because FHA only requires a 3.5% downpayment. This is a foot in the door to the real estate market. Later in life these same buyers use the equity in their condo, plus increased earning power to buy a larger home. continue reading…

With the recent economic downturn and more home buyers looking to downsize to smaller homes there are many buyers out there looking to buy a condo or townhouse who’ve previously lived in a house. However, some of these prospective buyers are having a hard time relocating into these smaller homes due to the rules that come along with condo living.

Most condominiums allow residents to have some sort of pets in their units; what type and size of pets they allow is up to the individual condo association. Some associations allow all and any pets. Some will allow one pet, some more. Some condos allow a small dog under a certain weight; many allow one or two indoor cats. Most condo associations allow small caged pets like gerbils, hamsters, fish, and reptiles. But don’t assume that any particular condo complex allows any pets at all.

What happens if your condo association finds out that you’re harbouring a pet against their regulations will depend on the individual bylaws for your complex. Consequences generally range from fines and having to get rid of the pet, to lawsuits over breach of contract. Renters harboring illicit pets are often evicted if the pet isn’t removed immediately. continue reading…

If the adage location, location, location were as etched in stone as it is etched in many buyers minds, then there would be little price difference between The Wanamaker House Condos at 2020 Walnut St., and it’s high-rise condominium neighbor, “2135″ Walnut St. If size dictated values alone, then The Ayer and the Aria could easily be priced similarly. And if being a newly constructed building equated to similar pricing structures, then Two Liberty and WaterFront Square would roughly pull the same dollar per square foot. Sure, location, size, and amenities do play a role in the value of a Philadelphia condominium, but clearly, this is not the only litmus test of value.

Over the past generation or two, the condominiums at 1830 Rittenhouse Square has had a perception amongst the high-rise set as the epitome of elegance and sophistication. Known simply as “1830″ this pre-war condominium on Rittenhouse Square houses some of the most prestigious condos in Philadelphia, and few would debate its exclusivity. Stately and proud, 1830 Rittenhouse rule the roost in the eyes of the pre-war buying public. Usually marked with more buyer than seller interest (in any given state of the condo market), 1830 is touted as having one of Philadelphia’s strongest locations, most ornate interiors, and is simply viewed as Philadelphia’s most exclusive address.

Not but a block away sits the lovely 250 S. 17th St Condos. Noted also for it’s pre-war charm, lack of parking, ornate interiors, and some very large units- This high rise, pre-war, doorman building doesn’t sell at nearly the same dollar per square foot as 1830. Which begs the question- if location, style and amenities don’t dictate price structure, then what does? continue reading…

The Interlace Condo, Singapore’s latest condominium complex has been touted around the world as the new icon for Architectural and Engineering development. These numerous accolades have been popping up in blogs all around the internet and in design magazines worldwide.

The city-state’s traditional form of boxy and rectangular apartment buildings will see a dramatic redesign for this new landmark. It is composed of 31 apartment buildings built to form a hexagons. This huge scale development is roughly the size of 16 football fields and will be constructed on the southern part of the city. The greenery surrounding Alexandra Road and Ayer Rajah Expressway is the perfect background for this new condo. The 170,000 meter square compound will house to 1,040 units ranging in size from 2 or 3, 3 plus study and 4 bedroom units. Units can be in a townhouse or penthouse style. This eight hectare belt of greenery will stretch from Kent Ridge, Telok Blangah Hill and Mount Faber parks.

This breakthrough design highlights and takes advantage of Singapore’s natural environment. The massive size of the development has allowed designers to incorporate a multitude of greenery to give the complex a tropical feel to the over all effect of the venture. Above ground vehicular circulation has been minimized, freeing large green areas within the condo building itself. The project is more than just a residential development. The designers have integrated environmental sustainability features via a careful calculation, study and analysis of factors such as sun, wind and micro-climate conditions coupled with low-impact passive energy strategies and other energy saving features on site. continue reading…

A pre construction condo is a unit that has been offered by a builder, yet has not been actually built yet. This process has proven to be an excellent investment with the concept that you are buying a property for tomorrow at today’s price. This practice is a win-win situation for buyer and builder alike.

The basics of the process can only be described as ingenious! Although there are some differences in how each transaction is handled, the basic idea remains the same. There are a few steps involved, but when followed with a keen eye, the buyer and builder can expect nothing but success.

The first step is to come to a reservation agreement so that the unit is reserved and a down payment is agreed upon. Usually the builder can reserve the right to alter the price within the contract with the buyer having the right to cancel the contract and receive full refund. continue reading…

Would you consider a condo as the right home for you? Condominium living has become very popular nowadays. There are many benefits in living in a condominium that would make life enjoyable. The best part of living in a condo is that it allows you to the path of financial freedom.

Allow me to discuss several benefits of Condo Living.

1. Living in a condominium means convenience. It is manageable, unlike a single family home, that needs maintenance on landscaping and other responsibilities that can be quite time consuming. This is very helpful in people who are always on the go who do not have the time to take on responsibilities of a bigger home.

2. Security is another benefit you get from living in a condo. Typically, a condominium has a private and round the clock security. Many condo communities are gated to ensure safety on the residents. continue reading…