Category: Real Estate

penthouse

Things to Look for When Buying a Penthouse

Posted on by Ceola Williams

Maybe you have realized that penthouses are in high demand. If you want to purchase a penthouse, it is difficult to get it wrong with these executive units. The most important thing is to ensure you have the highest possible return on investment. What fixtures should you look for? These are some of the features to consider when purchasing a penthouse.

An Incredible View

You should note that stunning views are part of the major reason people are ready to pay for penthouses. Renters and buyers are ready to pay more to look over the ocean or downtown. Given these, you should look for a penthouse with expansive floor-to-ceiling windows with views of iconic landmarks.

Terrace or Balcony

Other than an incredible view, you need to have the option of stepping out of your home to enjoy it. In this case, terraces and balconies are quite desirable. However, these outdoor spaces are not made equal. Ideally, a terrace will add higher dollar value to a home as compared to a balcony. You should note that terraces are built on flat areas, meaning they provide more usable space. The fact that they are only accessible from the top floor, they are important features that make a penthouse unique.

Great Floor Plan

When you want to purchase a penthouse, you should not forget the appeal of a great floor plan. Ideally, for most renters and buyers, that means going for an open concept. People who like living in penthouses place a high value on simplicity – that means they like their space. That means they like their space. Halfways and hallways help maintain structural integrity and even preserve privacy.

Location

If you are purchasing a penthouse, some factors are quite important. Ideally, condo buildings that are near downtown offer investors high returns. For penthouses, the areas have added benefit when it comes to offering incredible views. The truth is that great penthouses are not restricted to a few locations. With good research, you can find a penthouse in an area that suits your needs.

Parking

The convenience provided by centrally-located penthouse cannot be matched. However, there is no drawback to living at the center of everything only for it not to have parking.

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pre-built condos

Why Invest in Pre-Build Condos

Posted on by Dominick Andrade

When looking to buy a new home, you should consider going for a pre-construction condo. In current times, the demand for condos is quite high. That means that it will not be too much of a hassle to find a developer offering to sell a pre-construction condo. There are numerous reasons to invest in pre-build condos, some of which are highlighted below.

To Save Money

Choosing to invest in a pre-construction condo at Midtown Modern Bugis, for instance, will result in you spending a lot less money for your new home, compared to a variety of other options. That is because you will be purchasing the current rates, such that by the time you move into the new condo, the value will be a lot higher. You are also going to get better rates compared to buying an already build condo because you will be investing in a building that does not yet exist.

There Is Room for Customization

When investing in a pre-construction condo, there will be some room to alter a few of the design options for your home. That means you will be able to move into a condo that fits your style and preferences, which is different from investing in a condo that has already been built where you cannot alter the design. However, the alterations in design that you can make are usually limited to those that cannot affect the other condo units.

You Get Instant Equity

When you invest in a pre-construction condo, the unit will be as good as yours from when the paperwork is completed after you invest. Having equity has a variety of benefits, which includes unique tax benefits. For example, you can deduct some costs from your taxes, such as unit depreciation, mortgage interest, and property taxes.

The Condo Will Be of High Quality

Because you will be involved in the entire process of the condo construction, you will be able to review and confirm that everything is done to the highest standards, and only high-quality materials are used. Doing so will ensure that you invest very little in repairs and maintenance after construction is completed.

To Enjoy Advantage of Location

Condos are usually built in some of the most convenient locations, often close to business centers. Finding land in such places to build a home is generally not easy. Investing in a pre-construction condo relieves you of the trouble of looking for land in a good location. You only need to get a developer who intends to construct the condominium in an area that is suitable for you.

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condo apartments

Signs that Allow You to Spot a Bad Condo

Posted on by Ceola Williams

Are you planning to purchase a condo? That is a big step you have made and requires considerable investment. You should note that the costs of an average condo keep on increasing. Although that creates a good investment opportunity, it also requires the need to make the right decision. Therefore, you need to know the difference between good and bad condo. The following are signs to spot a bad condo.

Bad Online Condo Reviews

condo apartmentIt is a good idea to use the experiences of people who have lived or live in the condo you want to purchase. That can help you judge whether this will be the right investment for you. For instance, you can get an idea of the property from people who have lived there rather than from those who want to sell you the condo. You can find reviews for OLA showflat and other condos. Moreover, there are useful resources available you can use.

Airbnb Rentals

Although this should not be the only factor to consider, it is vital to note that there is a correlation between the presence of Airbnb rentals and a bad condo. Condos that have flexible AirBnB policies are less happy. It is no wonder those who come and stay for a few nights are less concerned about using the property. That is because they can be noisier, messier, and more destructive as compared to neighborhood condo owners.

Bad Security

condo livingIt is a good idea to check the security of a building and the unit. How easy is it to access the building? How easy is it to access your potential unit? Does the security team seem to be doing its work? If anyone can easily access the condo, security staff are not verifying guests, or the door is not locked properly, then chances of something bad happening are higher.

Elevator Appearance

The condition of elevators should give you an idea about the quality of a condo. Vandalized and scratched elevators are signs of poor condo management. That is the case if the building is new with elevators that appear to have had many years of service.

High Levels of Noise

Try to visit the condo during evening hours when most owners will be at home. That will give you an idea of whether your would-be neighbors are noisy. If your unit is located close to an elevator, it is worth to test whether you can hear the elevator from your unit. If so, you are likely to regret in the future.

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real estate broker

Features of an Ideal Condo Complex

Posted on by Dominick Andrade

Although most people dream of owning a home, the dream comes true for only a few of us. As you pursue your home ownerships dreams, it’s vital to think of several options, including condos. The Verdale Condo is continuing to gain popularity due to a number of benefits. However, Before you settle on purchasing a condo, it is essential to understand some notable features of condos that you should look for.

In short, you need to do your homework before you make a decision. Otherwise, you might regret your decision. Let’s get a deep look at these features.

Security

Any tenant or homeowner wants to feel secure wherever they live. Look for these features when scouting for an ideal condo: 24/7 security guards, gated parking zones, Locked exterior doors, CCTV surveillance, lit hallways, and parking areas exclusive to tenants.

security

These aspects will make the property secure for both tenants and owners. Although most condos are in the urban areas, you must ensure security matters are taken seriously. Ensure high-quality security systems in your condo of choice.

Complete Furnishing

Most condos come with complete furnishings. This is a major advantage that makes most individuals opt for condo units because These furnishings are the responsibility of the management. This means that you’ll save time and money if you purchase a condo that is already furnished. As you look for an ideal condo, ensure you are comfortable with the furnishings in the unit.

Elegant Neighborhood

A majority of condos are located in high-end urban neighborhoods. Residents in these units have access to many amenities. These amenities include restaurants, hospitals, and schools for the children, and shopping centers. This becomes the ideal neighborhood that most individuals will want to raise their children.

State of the Art Facilities

A majority of condos have state of the art facilities for the occupants. These facilities include swimming pools, Jacuzzis, and barbeque places. For sports lovers, they may get access to squash and tennis courts in the compound. The condos may also have meeting rooms or areas where residents can host meetings and events.

Maintenance Management

Privately-owned condos have maintenance management. Thus, the owner has the responsibility of making repairs in the property and ensuring the property is at its best every time. This is critical, especially in times of emergencies. When an emergency occurs, the occupant know whom to call for help.

These are some notable benefits that residents in a condo enjoy.

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