Showing posts with label condo. Show all posts
Showing posts with label condo. Show all posts

Thursday, January 29, 2015

10 Tips for Decorating With Mirrors

Maximize a room's style with a well-placed mirror. Interior designers share their top tips for decorating with mirrors throughout your home.

Tuesday, January 27, 2015

3 Next-Gen House Hunting Tips for Singles

The American household has changed – big time. More and more, people get married later in life, if at all. Many even go from married to single and back multiple times throughout their lives. This all means that more and more people are buying homes while single. Many unmarried folks are buying homes to live in on their own, while others are looking for homes to live in with their children, parents or other partners – past, present and future.
If you’re embarking upon the process of buying a home on your own, here are a few things to factor into your thought process and your action plan:

1. Solo doesn’t necessarily mean condo. A decade or two ago, many single house hunters were automatically directed toward low-maintenance condos and townhomes. And truthfully, some singles still enjoy the tax and financial advantages of ownership without the responsibilities of caring for lawns, roofs and other so-called “single family home” features they have no use for.
3nextgen
That said, the descriptor of a detached, standalone property as a “single family home” is woefully out of date. Many single people are electing to purchase detached homes for a number of reasons. Chief among them include:
  • Needing the square footage to allow their household to expand to include future partners, future children, adult children, or even elderly parents
  • Needing extra rooms (or even extra apartments!) to rent out, do hobbies in or run a home business from, and
  • Having the outdoor space for dogs, cats, horses and vegetable gardens, oh my!


con't.... http://www.forbes.com/sites/trulia/2014/03/14/3-next-gen-house-hunting-tips-for-singles/

Monday, July 7, 2014

Missing in Miami’s new condo boom: Miamians

Missing in Miami’s new condo boom: Miamians

 
MIAMI – July 7, 2014 – Miami's latest condo construction wave is attracting buyers from around the globe: Brazilians, Argentines, Venezuelans, French, Russians to name a few.

Miami residents? Not so much.

Conspicuously absent from the roster of buyers are South Florida residents.

That is primarily because condominium developers are requiring large cash deposits – typically 50 percent of the price of a unit – paid in increments during the construction process. The deposits provide cheap funding for construction, and developers say they play an important role in deterring speculators.

Most Miami residents don't have that kind of cash.

Indeed, few locals could afford to purchase the high-priced condominium units currently going up even if mortgage financing were available.

"We don't have a local market capable of making those kind of payments and progress payments," said Lewis M. Goodkin, president of Goodkin Consulting, a Miami-based real estate consulting firm.

"If it weren't for Latin American and European sales in Miami, it's really kind of a scary thing to think about: We'd have a very weak market. Not because people don't want to buy, because they can't get it financed."

Developers acknowledge there is an issue



Missing in Miami’s new condo boom: Miamians