Pros and Cons of Condo ownership

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Don Belman Homes

Here is a presentation about the benefits and drawbacks to condominium ownership.

Reisen Unterhaltung & Humor

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New Real Estate Law Regarding Condos ,[object Object],[object Object],[object Object]

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Resale/Marketing ,[object Object],The "baby boom" propelled the largest percentage increases of any age group in the 1990-2000 decade, an analysis of Census 2000 data by the Commerce Department's Census Bureau showed today. (The baby boom refers to people born in the post-World War II period from 1946 through 1964.) People born during the early years of the baby boom (1946 through 1950) fueled the 55-percent increase of the 50- to 54-year-olds, the largest percentage growth between 1990 and 2000 of any five-year age group, the Census Bureau said. The second fastest-growing group was 45- to 49-year-olds, which registered a 45-percent increase. Source: U.S. Census Buearu

Development Condos developments cost more than single family because they have more common area. True or False

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Mortgages ,[object Object],[object Object]

Insurance ,[object Object],[object Object]

Little Say ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Condo living has seen significant growth in the past few years. Tons of people are flocking to freshly constructed condos and are snapping up pre-construction units faster than they’re being built. Condo buildings provide essential amenities to residents such as underground parking, gyms, pools, spas, and even some might have grocery stores and banks on their first floor for convenience. Maybe that is why more and more people prefer to live in condos.

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A commercial tenant views a lease negotiation quite differently than does the landlord. As most leases tend to be drafted by the landlord, a tenant must begin an uphill battle to gain as many concessions as possible. This is an arduous task made easier by a full understanding of what are the most important issues for a tenant in a commercial lease transaction. How does the financial profile of the tenant enter into the picture? Where can a tenant get hurt the most by hidden costs or unforeseen expenses? Why is “leverage” the most important concept to consider in this process? This webinar will help one understand how the tenant, generally the underdog in lease transactions, can turn the tables and become the most powerful player in the leasing game. Part of the webinar series: REAL ESTATE LAW DUMBED DOWN 2022 See more at https://www.financialpoise.com/webinars/

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The Maharashtra Chamber of Housing Industry is a representative body of leading developers within the Mumbai Metropolitan Region (MMR) engaged in Housing & Real Estate Developments. MCHI's primary task is to be a common link/ platform, and liaise between members (real estate developers and builders) and local authorities, Central & State Governments. This goes a long way towards making 'housing for all' a reality. MCHI Members create 80 to 90 per cent of houses/ flats in Mumbai and in its vicinity. Maharashtra Chamber of Housing Industry (MCHI) organises exhibitions where 'smart' home seekers can rely on exhibitors who will treat them not as customers, but as friends. MCHI and the developers who are the exhibitors at such property expos share your aspirations, your dreams and help make these come true.

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Saylor URL: http://www.saylor.org/books Saylor.org 207 Chapter 9 Buying a Home Introduction Be it ever so humble, the “biggest” purchase you ever make may be your home. Unlike most other consumer purchases, a home is expected to be more than a living space; it is also an asset that stores and increases value. The house has a dual financial role as both a nest and a nest egg. There are substantial annual operating expenses for repairs and maintenance, insurance, and taxes. Maintenance preserves a home’s value, insurance protects that value, and taxes for community services both enhance and secure its value. A home purchase is typically financed with debt that creates a significant monthly expense, the mortgage payment, in your budget. A mortgage is a long-term debt that obligates your cash flows for a long time, perhaps even reducing your choices of careers and your mobility. Your choice of home reflects personal factors in your life. These factors include your personal tastes, your age and stage of life, your family size and circumstances, your health, and your career choices. These factors are reflected in your decision to own a home, as well as in the location, size, and use of your home. 9.1 Identify the Product and the Market LEARNING OBJECTIVES 1. Describe the different building structures for residential dwellings. 2. Describe the different ownership structures for residential dwellings. 3. Identify the factors used by lenders to evaluate borrowers for mortgage credit. 4. Identify the components of the mortgage affordability calculation and calculate estimated mortgage affordability. 5. Identify the components of a buyer’s inspection checklist. 6. Explain the potential effects of business cycles, unemployment, and inflation on the housing market. 7. Analyze the effects of the demand for housing financing on the housing market. http://creativecommons.org/licenses/by-nc-sa/3.0/ http://www.saylor.org/books Saylor URL: http://www.saylor.org/books Saylor.org 208 Renting a Home If you have already decided on a goal of home ownership, you have already compared the costs and benefits of the alternative, which is renting. Renting requires relatively few initial legal or financial commitments. The renter signs a lease that spells out the terms of the rental agreement: term, rent, terms of payments and fees, restrictions such as pets or smoking, and charges for damages. A renter is usually required to give the landlord a security deposit to cover the landlord’s costs of repairs or cleaning, as necessary, when the tenant moves out. If the deposit is not used, it is returned to the departing tenant (although without any interest earned). Some general advantages and disadvantages of renting and owning are shown in Figure 9.2 "Renting versus Owning". Figure 9.2 Renting versus Owning The choice of whether to rent or to own follows the pattern of life stages. People rent early i.

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