customhomex
modern condo
By - Karen Groth

Factors Considered When Purchasing a New Condo

Purchasing a condo is a worthy investment. Condominiums have become of the popular housing choices, making them a perfect option for those guys who are seeking low-maintenance lifestyles. Owning one does not come with a lot of responsibilities. You don’t have to get worried about moving the lawn or shoveling snow. These houses are readily available in major urban locations.  The following are the essential factors that you need to keep in mind when making this important purchase.

Amenities

Condo-ammenities

Amenities ere extras loved by people including party rooms, gym, concierge, visitor parking, guest suites, and swimming pools. A good building should have all the essential amenities. The condo fees are generally higher in buildings with more facilities. This is something that you need to take into consideration.

Location, Location

Location is one of the most crucial factors that affect the value of a building. Buying a condo is a long-term investment even if you might not live there forever. Check whether the neighborhood is on the upswing. Are there some ongoing projects that could increase the value of the property? The view of a condo is also essential. Ideally, you should avoid investing in a property that is blocked by other developments.

Size

The size matters a lot when purchasing a building. The square footage of a building should always be determined, especially when purchasing a pre-construction. This can help you in knowing whether your furniture will fit in the existing condo. Purchasing a small condo can force you to upgrade to large after some time.

Reserve Funds

money-reserve fund

Buyers should ensure that there is enough money in their reserve fund. This is the best way of avoiding the risk of the condo fees skyrocketing. This money can be used in repaving for capital expenses like repairing the roof, repairing amenities and repaving the parking lots. Working with a reputable real estate attorney can assist you in reviewing the status certificate, thereby ensuring that the reserve fund is properly managed.

Condo Rules

Living in a condominium does not come with the freedom associated with house ownership. Its residents are required to abide by the set laws and restrictions including pest restrictions. For instance, rearing dogs might not be allowed. In other places, you will not be allowed to renovate your unit without permission. It is, therefore, imperative to find out about such rules/restrictions ahead of time to make sure that you are not affected or caught off guard.

island home
By - Karen Groth

Investing in Property Like Celebrities

When it comes to investing, one of the hottest market to invest in is the real estate market. A lot of people love investing in property, even celebrities. We’ve all heard the news of stars owning several houses. Besides purchasing them for vacation homes and a place to stop over, these homes that they have is an asset they have acquired for investment purposes.

We all know the likes of Beyonce, Taylor Swift, as well as the Kardashian clan who own houses not only to live in but also other homes that they rarely use. These houses are held for investment purposes.

Investing itself is a very crucial thing that you need to do. It is essential that you own something that can be cashed in later in the future. Therefore, you should try investing in the real estate market and shop for property, as the celebrities do. In this article, we are going to talk and discuss several key practices that you can take as an example from the stars. Here is how to invest like a celebrity:

Sell It When the Price Is Right

mansion

Let’s take actor Donal Logue as an example. He sold his Woodland Hills home for $1.16 million. His initial buying price was $970,000. That is a 20% increase from his initial purchase, which was seven years ago.

This increase in sales shows how the real estate market keeps on growing and growing while the prices get higher and higher. However, you should keep in mind that when you want to sell your property, you should look at the condition of the market and only sell when you think the price is right.

House Flipping

A current trend nowadays when it comes to real estate is house flipping. House flipping is a trend where people buy houses for a very cheap price because of its unlivable conditions and then they redesign and make improvements to it so that they can sell it for a higher price. Nicole Polizzi, or more known as Snooki, even has a reality show based on her attempts in this endeavor with his husband.

Quality or Quantity

vacation home

When investing, it is important to note that quality always comes first. A tip from celebrities is that you should always consider the location. Location is a crucial consideration when it comes to selecting real estate. Like the George Clooney, Brad Pitt, and Leonardi DiCaprio, they all have homes in prime luxury vacation spots. Once you buy real estate that is located in an excellent location, only then you can start and expand your collection by buying more in quantity.

guarded refrigerator
By - Crosby Calhoun

Guide for Buying a Good Refrigerator Water Filter

Over time most people are becoming more interested in how best to make their water clean and safe for drinking. This is after water from running taps proved not to be safe because it contained traces of chlorine and fluorine which are used during the filtration process. However, that doesn’t mean people should drink unsafe water. The latest technique of making water fit for consumption is the filtration through the use of water filters that are used on refrigerators. The refrigerator water filters will help you get icy and cool water that is well purified for drinking.

If you have a refrigerator, all you need to do is to purchase water filters that will be fixed on the door and start the filtration. With the many water filters in the market, you may not be able to know the one that will suit you. Therefore, in this article, we give you a simple guide that you can use to identify a good refrigerator water filter.

Check on Compatibility

One of the crucial factors that you should consider when you are looking to purchase a refrigerator water filter is its compatibility. Check to know if the filter will be compatible with the refrigerator. You miss out on this aspect; then you will not get the desired results. It is for the fact that refrigerator manufacturers build accessories and parts to fit their models. This, therefore, implies that if you get a filter of the same model as your refrigerator, then it will be compatible with the refrigerator.

Check on Certification

With the current economic struggles that most people are facing, a desperate individual can go as far as doing anything to make money. Therefore, one can go as far as making fake filters and branding them just for the sake of making money. For this reason, we recommend that when buying a water filter, you should take time to check if the filer has been certified.

A certified filter is one that has proven to be of high quality, safe and can perform efficiently. There are specific bodies that have been given the mandate to check and certify the filters. Therefore, purchase a filter with a certification mark.

Check on the Filtering Capabilities

When looking for a refrigerator water filter to purchase, it is essential you also check on the filtering capabilities of the filter. The capability of a filter is measured in microns. This, therefore, means that a filter with lower microns will have a higher capability of blocking contaminants.

a rural house with lawn
By - Crosby Calhoun

Reasons to Buy Another Residence

Owning more than one properties has been widespread these days, especially when one is blessed with fortune. Those people buying their second, or maybe the third and fourth property seem to have reasons why they need it. Of course, having another home to live in will be totally understandable when they have a big family. However, the phenomenon of purchasing the second home is not limited only to big families. Whether or not one has more than ten family members, there are always chances and reasons why they need another residence.

a wooden house with yellow light

At this point, you might argue that those reasons do not make sense at all, for example when you know for sure that the one planning to buy the second house is Vince Neil, the one who looks like he has no family to purchase another dwelling.

Vacation Home

a hand holding a house keyEverybody loves the idea of taking some days off and go for a short getaway. Particularly when you are an extremely busy businessman or businesswomen who barely have enough time for yourself, having the second home in a location with a good view will help you have the quality time which is good for your mental state. Thus, it is indeed beneficial to have another house or villa since you can visit it whenever you want.

The same reason also applies when you have a big family. Instead of spending thousands of dollars taking them all to some fancy vacation spots, you can save up to sixty percent of your cash by inviting them to your other home. While it may cost a little bit expensive to purchase the property, but it is an excellent initial investment that you can use for the rest of your life.

Another Income

One of the easiest ways to earn much money these days is by starting up a business. Property business is one of those businesses with prospects. One fact to bear in mind is that there are thousands of newcomers in the field with a low budget who would opt to rent a place rather than purchasing one. Renting your property to them, then, will be your other source of income. Of course, it is not advised to make it your first and only source of income. Whether it is monthly or annual payment, it is always good to make it your extra money.