Category: Real Estate

As more people need real investment property analysis whenever they consider buying a residence, they often end up having a hard time deciding if they should buy a concrete house or a condominium instead. Especially with areas with limited free space to build a building, an apartment or a condo is the answer to that crisis. Unfortunately, not all people know the benefits of living in a condo, and they often argue that the option belongs only to the rich. However, it is not entirely accurate to illustrate the real situation.

The truth is that many people purchase a unit to solve their financial issues. Thus, it is safe to conclude that living in a condo is way more economical than buying a concrete house. Not only do they need to pay for the land, but they also need to pay for the services. For that reason, those who have purchased the unit often testify that living in an apartment or a condo is indeed hassle-free and more economical. In addition to that, below are several other advantages of purchasing the unit.

Low Maintenance Costs

Unlike living in a concrete house, the unit offers lower maintenance costs. In many cases, residents only need to pay a considerate amount of money to the association to take care of the property. Different buildings may have different rules regarding this matter, but the overall costs that the residents need to pay are far less than spending money on a concrete building. More importantly, the money paid to the association often includes property maintenance, cleaning service, and unexpected repair services.

Amenities

Those living in the property often mention facilities, such as swimming pool, tennis court, and jogging track. These facilities are not available if one prefers to purchase a concrete house. Different from the regular housing areas, condominiums offer some facilities aiming to bring amenities to those living in the building. Security services and round-the-clock surveillance cameras are also part of the available facilities.

Strategic Location

Most condominium builders and developers often pick a good location to make sure the residents live conveniently. The building is often located in the city center, and it is usually quite close to the main facilities, such as schools, hospitals, emergency center, and offices. For this reason, residents can live comfortably, and they do not have to travel far to reach their destinations. Sometimes, it is also quite easy to spot public transportation around the area.…

Do Not Make Changes on the Property Without Informing Them

This should be in the contract, but even if it was not outlined, you should never make any changes without involving the landlord. The same case applies to internet, water and energy supplies. If you feel like you want to change the suppliers for whatever reason, make that call and discuss the matter with the landlord. Many times, they will allow you to change the supplier as long as you will switch back to the original provider when moving out. In addition to that, you are not allowed to replace or exchange appliances without seeking permission from the owner. If you make any changes without involving the landlord, you will be risking part or the whole of your deposit.

Tell the Truth About Kids and Pets

Finding a place with pets and kids is not easy. But this should not be used as an excuse to lie. What many people do not know is that that contract is binding and you can be sued if you go against it. If you moved in with children and pets without the consent of the landlord, they have the right to cancel your contract and kick you out. Some people assume that no one will ask you to vacate when you have children, but when the law comes in, the truth prevails.

Maintain the Property in Good Condition

After you start living in rented property, you have to take care of general maintenance. This means, clean regularly, keep tidy, do not damage walls, curtains, furniture, and carpets. Many people do not have an issue cleaning the house, but in case you are too busy to take care of the house, it is advisable to hire cleaning services or a domestic manager.

Be at Peace with the Neighbors

Some tenants are just nuisance, and they cannot live well with their neighbors. If you love having night parties and listening to loud music that is already troubling for your neighbors. If your neighbors complain about the same, you will be issued with a warning letter and depending on the response and seriousness of the bad behavior; your contract can be terminated. Living in peace with your neighbors is for the good of both of you. Imagine what would happen if you become sick at night and you do not have someone in the apartment you can call for help.…