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Condominiums Benefits

Philippine real estate and commercial districts.

Similar to other modern types of housings in its time, such as apartment buildings, condominiums can offer their residents the advantage of living in a home within mass transit distance or walking distance from their workplaces, offices, and businesses, while allowing them to avoid the usual hassles of morning rush hour.

However, as time goes by, many new benefits were introduced by many condo in Philippines to accommodate the growing need for a comfortable home in the middle of a busy business district. This is by offering amenities which can offer their residents a way to relieve their stresses from work, such as swimming pools and gyms. Because of these, condominiums became even more popular and modern in the Philippine market.

Newer Condominiums Eventually, as the demand as well as competition grew, a number of new benefits were introduced by new condominiums in the market. Other than the addition of outdoor swimming pools as well as parks, many new facilities were also introduced such as a full-size sports complex complete with basketball, volleyball, and badminton courts.

In addition to new facilities, there are also a number of new condominiums in the Philippines which aims to provide Filipinos a home where they can raise their own family. These types of condominiums are known as condominium complexes.

Condominium complexes are types of condominiums which are mostly found in exclusive communities, or complexes, which aims to provide a home for a growing Filipino family. In addition to that, its exclusivity can also provide its residents the privacy and security that they needed for their growing family.

Another reason why these new condominiums became popular among many modern Filipino families is also because of their facilities. In addition to swimming pools, gyms, and sports complexes, these types of condominiums can also offer facilities that can accommodate the needs of growing children, such as parks and playgrounds.

New Payment Terms Another reason why condominiums had gained a lot of popularity in the Philippines is because of its new terms of payment that made it even more popular among many Filipinos. This is because these new condominiums can now be bought and paid in installment.

Condominiums are some of the most popular types of housing in the Philippine market, particularly now that many new condominiums with new benefits were introduced in the Philippines. So what are these benefits that made it a very popular type of housing in the country?

Condominiums in the Past There are many reasons as to why condominiums had gained a lot of popularity in the Philippines. The first benefit that these types of housings had offered is the luxury of its accessibility to business, Philippine real estate and commercial districts.

Similar to other modern types of housings in its time, such as apartment buildings, condominiums can offer their residents the advantage of living in a home within mass transit distance or walking distance from their workplaces, offices, and businesses, while allowing them to avoid the usual hassles of morning rush hour.

However, as time goes by, many new benefits were introduced by many condo in Philippines to accommodate the growing need for a comfortable home in the middle of a busy business district. This is by offering amenities which can offer their residents a way to relieve their stresses from work, such as swimming pools and gyms. Because of these, condominiums became even more popular and modern in the Philippine market.

Newer Condominiums Eventually, as the demand as well as competition grew, a number of new benefits were introduced by new condominiums in the market. Other than the addition of outdoor swimming pools as well as parks, many new facilities were also introduced such as a full-size sports complex complete with basketball, volleyball, and badminton courts.

In addition to new facilities, there are also a number of new condominiums in the Philippines which aims to provide Filipinos a home where they can raise their own family. These types of condominiums are known as condominium complexes.

Condominium complexes are types of condominiums which are mostly found in exclusive communities, or complexes, which aims to provide a home for a growing Filipino family. In addition to that, its exclusivity can also provide its residents the privacy and security that they needed for their growing family.
“>Condominiums are some of the most popular types of housing in the Philippine market, particularly now that many new condominiums with new benefits were introduced in the Philippines. So what are these benefits that made it a very popular type of housing in the country?

Condominiums in the Past There are many reasons as to why condominiums had gained a lot of popularity in the Philippines. The first benefit that these types of housings had offered is the luxury of its accessibility to business, Philippine real estate and commercial districts.

Similar to other modern types of housings in its time, such as apartment buildings, condominiums can offer their residents the advantage of living in a home within mass transit distance or walking distance from their workplaces, offices, and businesses, while allowing them to avoid the usual hassles of morning rush hour.

However, as time goes by, many new benefits were introduced by many condo in Philippines to accommodate the growing need for a comfortable home in the middle of a busy business district. This is by offering amenities which can offer their residents a way to relieve their stresses from work, such as swimming pools and gyms. Because of these, condominiums became even more popular and modern in the Philippine market.

Newer Condominiums Eventually, as the demand as well as competition grew, a number of new benefits were introduced by new condominiums in the market. Other than the addition of outdoor swimming pools as well as parks, many new facilities were also introduced such as a full-size sports complex complete with basketball, volleyball, and badminton courts.

In addition to new facilities, there are also a number of new condominiums in the Philippines which aims to provide Filipinos a home where they can raise their own family. These types of condominiums are known as condominium complexes.

Condominium complexes are types of condominiums which are mostly found in exclusive communities, or complexes, which aims to provide a home for a growing Filipino family. In addition to that, its exclusivity can also provide its residents the privacy and security that they needed for their growing family.

Another reason why these new condominiums became popular among many modern Filipino families is also because of their facilities. In addition to swimming pools, gyms, and sports complexes, these types of condominiums can also offer facilities that can accommodate the needs of growing children, such as parks and playgrounds.

New Payment Terms Another reason why condominiums had gained a lot of popularity in the Philippines is because of its new terms of payment that made it even more popular among many Filipinos. This is because these new condominiums can now be bought and paid in installment.

Condominiums are some of the most popular types of housing in the Philippine market, particularly now that many new condominiums with new benefits were introduced in the Philippines. So what are these benefits that made it a very popular type of housing in the country?

Condominiums in the Past There are many reasons as to why condominiums had gained a lot of popularity in the Philippines. The first benefit that these types of housings had offered is the luxury of its accessibility to business, Philippine real estate and commercial districts.

Similar to other modern types of housings in its time, such as apartment buildings, condominiums can offer their residents the advantage of living in a home within mass transit distance or walking distance from their workplaces, offices, and businesses, while allowing them to avoid the usual hassles of morning rush hour.

However, as time goes by, many new benefits were introduced by many condo in Philippines to accommodate the growing need for a comfortable home in the middle of a busy business district. This is by offering amenities which can offer their residents a way to relieve their stresses from work, such as swimming pools and gyms. Because of these, condominiums became even more popular and modern in the Philippine market.

Newer Condominiums Eventually, as the demand as well as competition grew, a number of new benefits were introduced by new condominiums in the market. Other than the addition of outdoor swimming pools as well as parks, many new facilities were also introduced such as a full-size sports complex complete with basketball, volleyball, and badminton courts.

In addition to new facilities, there are also a number of new condominiums in the Philippines which aims to provide Filipinos a home where they can raise their own family. These types of condominiums are known as condominium complexes.

Condominium complexes are types of condominiums which are mostly found in exclusive communities, or complexes, which aims to provide a home for a growing Filipino family. In addition to that, its exclusivity can also provide its residents the privacy and security that they needed for their growing family.

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Popularity of Condominiums in the Philippine Market

There are many popular types of residential Philippines properties available in the country today, and some of the most popular, according to many Filipinos and real estate experts in the country, are condominiums.

Condominiums are types of housing in which a resident owns a type of house or unit in a building, while other facilities found in the condominium, such as hallways, elevators, cooling systems, and other facilities are owned by all condominium owners.

Although condominiums were only recently introduced compared to other types of housing, such as townhouses and apartment buildings, it rapidly gained a lot of popularity in the market because of its benefits in which many Filipinos have considered modern in today’s modern trends and fast-paced lifestyles.

Popularity of Condominiums in the Market According to many Filipinos, the main reason why condominiums gained a lot of popularity in the Philippines is because of its location, which is normally found in business and commercial districts, which is unlike living in other types of housing, such as the typical house.

Accessibility Because of its accessibility to popular and key locations in the city, many of its residents have enjoyed the experience of living within walking distance or mass transit distance from their workplaces, which is unlike living in a typical house found in residential areas. And due to accessibility, condominium residents won’t have to go through all the hassles of rush hour.

Maintainability and Security Another major advantage of condominiums is its maintainability and its security. Other than the luxury of living within walking distance to popular locations, these types of residential Philippines properties are also known for its luxuries in terms of maintainability and security, which is rarely found in other types of housing in the Philippines.

All types of condominiums hire their own maintenance personnel who maintain all facilities found in the condominium, from its hallways, elevators, stairways, and parking lots, to its cooling systems and other popular facilities found in the compound.

As for its security, condominiums are known for their security personnel who assure the safety of all their residents, partly because most of its residents are of high stature such as wealthy families and company executives.

Family-Oriented Although condominiums in the city are not known to be suitable for a growing Filipino family, a number of new condominiums were also introduced which are mostly found in the outskirts or even in the provinces. These types of condominiums are known as condominium complexes.

The advantage of condominium complexes it its family-oriented environment including peaceful sceneries and wide open spaces, which is unlike the busy streets of business and commercial districts. However, other than its wide open spaces, condominium complexes are also known for its amenities.

Amenities Condominium complexes became a very popular and modern type of residential Philippines properties because of its collection of amenities such as swimming pools, gyms, recreational parks, playgrounds, or even a full-sized sports complex.

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Home Sales Do You Really Know the Tax Exclusion Rules

A single person can exclude up to $250,000 of the gain from the sale of their home and a married couple up to $500,000. However, there are qualifications, rules, exceptions to the rules and special situations. This article outlines the major rules and clears up many misunderstandings.

First, you must meet two tests: the ownership test and the use test.

The Ownership Test

This test requires ownership of the property for at least two of the five years prior to the sale. The ownership does not have to be continuous.

The Use Test

The use test requires that you lived in the home as your principal residence for 2 years during the 5 years preceding the sale. Again, the 2 years do not have to continuous. Short temporary absences, such as vacations or spending a couple or months in the summer at the lake, are periods of use. Even if you rent out your home while you are gone, there is no interruption in your period of use.

The periods used to satisfy both of these tests do not have to be the same. In addition, members of the Armed Services or Foreign Services can choose to suspend these tests for any period they or their spouse is on “qualified official extended duty”. If people become mentally or physically unable to care for themselves or have to go into a nursing home, the two-year use requirement shortens to one year. Therefore, it is possible to qualify without actually living in the home for the required two years.

For people who have lost their homes to hurricanes, floods, tornadoes and other natural disasters, or have had them condemned, a special rule applies. They can add the time they lived in the home destroyed or condemned to the time they have lived in the home on which they want to exclude gain.

What is a Home?

A home, for capital gain exclusion purposes, must be your “main” home. It could be a house, houseboat, mobile home, co-op apartment or condominium. Note that if you sell the land on which your home is located, you cannot exclude the gain from the sale of the land. An example would be selling the land on which your mobile home sets, buying another piece of property and moving your mobile home to the new location.

If you own a vacant lot next to your home and sell it as part of your home sale, special rules apply. If you own a home in the city and a cabin in the mountains, the home where you spend the most time is the one where the tax exclusion applies. There are at least nine tests used to determine your main home if you own more than one.

The Exclusion

First, you must meet the ownership and use tests, or fall under one of the exceptions, and have not used the exclusion on the sale of another home within two years of the current sale.

If you are single, you can exclude up to $250,000 of the gain on a sale. If you own the home jointly with someone else, and each of you files single returns, each can exclude up to $250,000 of their interest in the home.

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Choosing your Home – Condominiums or Houses

Choosing between a house and a condominium is a matter of budget. Houses are known for its affordability, which is why these types of residential Philippine real estate

are still in-demand, while condominiums are known for its expensiveness, yet offers the best benefits that many modern Filipinos are looking for in today’s modern lifestyles.

Choosing your Home Both types of housings can offer a home for any Filipino. However, both types differ with their benefits. While houses are known for its affordability, condominiums are known for its modern benefits that could cater to the needs of many Filipinos. The disadvantage of condominiums, however, is its expensiveness. Here are some information about these types of Philippine real estate

and what they can offer to their residents.

Condominiums Condominiums are considered today as some of the best types of modern housings in the Philippines. Part of what made it modern is because of its location, which is mostly found in business and commercial districts such as in Makati City.

Because of its location, condominiums can offer the accessibility that many Filipinos are looking for, allowing them to access their workplaces without too much hassle due to rush hour. Another major advantage of condominiums is its amenities in which many of these condominiums can either offer gyms, indoor swimming pools, sports complexes, or all of it.

The disadvantage of these types of condominiums is its environment, which lacks the necessary facilities that can accommodate the needs of growing children. Although there are condominium complexes found around the outskirts of Metro Manila that can offer the right environment for a growing Filipino family, the disadvantage of this is its inaccessibility to business and commercial districts as well as its expensiveness.

Houses The reason why houses still remained as one of the most in-demand types of residential Philippine real estate

is because of its affordability. According to many Filipinos, the cost of a single condominium unit in Makati City or in any other business districts is enough for them to buy a 2 to 3-story house in neighboring residential districts such as in Caloocan City and in some parts of Quezon City.

However, there are a number of new houses in the Philippines that can offer benefits that modern Filipino families can enjoy. This is because these new houses are found in exclusive housing communities, similar to subdivisions, around the outskirts of Metro Manila.

Along with its exclusivity, these new housing communities can also offer the same amenities that condominiums and condominium complexes can offer such as swimming pools, sports complexes, playgrounds, and recreational parks. The best thing about the houses available in these areas is that these can be owned and paid in installment, making it more cost-efficient compared to renting.

The disadvantage of these new houses, like many other types of housings, is its inaccessibility to key locations around the Philippines, particularly with business and commercial districts. Another is that these types of housings are not as luxurious compared to living in a condominium unit.

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Siglap V Singapore

Siglap V is a luxury penthouse/condomenium located directly opposite Siglap Centre. This location is a 20 minutes drive along the ECP to the Singapore Central Business District(CBD). Here are a couple of quick pointers about Siglap V.

1. High Expat Tenancy Area and Resale.

Because of its excellent location and eastern environment close to East Coast Part, Parkway Shopping Centre and English speaking residents, Siglap V will be attractive to expats. If you’re planning to get a unit that allows you to not only enjoy high rental yield and good resale (the Intergrated Resort is just 20 minutes drive away), Siglap-V is a potential choice.

2. Eateries and Shopping

There’re many places to have dinner and supper in Siglap area. From the food center at East Coast Park a short drive away, to walking over to Siglap Center for a quick meal. All the local Pizza Huts, Seafood, Chicken Rice, Famous Katong Laksa, Katong Prawn Noodles are located in this area. The nearest shopping center is Parkway Parade about 10 minutes drive away.

3. Nearby Schools

The nearby schools are St Patrick’s Secondary, Tao Nan Pri, CHIJ Katong Convent, Victoria Junior College, Victoria School, Haig Girls School.

4. MRT

The closest MRT is Kembangan MRT. You will need to take a feeder bus service from the MRT to Siglap V.

5. Exciting Penthouse Units

Perhaps its main attraction because this is where you can overlook the sea while you swim or sunbathe. The pool stretches along the length of the penthouses and its a great feeling swimming in its infinity pool at the top of the world with the sea in the far horizon. The Siglap V pool is of sufficient length to get a good swimming workout.

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Condominium House Insurance Making Sure Your Condo And Items Are Safe

In regards to upkeep, typically it’s the duty of the residence associations.

From the condominium homeowner’s organization insurance, the contents or your very own property or precious inside your component is just not protected. The condominium homeowner’s insurance coverage usually covers for that harms that may happen with your unit or residence

and personal property too. Although the residence property insurance also provide liability coverage wherein if you have somebody injured with your unit or house. There’s also added coverage available for the residence homeowner’s insurance offer like replacement cost whereby it handles personal belongings and generally the replacement cost coverage is pricey but something good in it’s the items inside your house won’t depreciate. You’ll be able to also include your residence homeowner’s insurance flood and earthquake in case you want.

Discover what exactly is exactly coated inside the learn policy in the condominium house insurance organization before buying your own condominium homeowner’s insurance therefore that you simply won’t have dual coverage. Mainly within the residence association insurance what is covered include the entire smooth or device as it was original constructed excluding any additional or renovations created on your side or previous owners.

Take serious notice that if ever you operate an office or small-business with your device, you should have another particular coverage. Understand that all coverage’s are subject to terms, exclusions provisions and also conditions in the insurance policy itself.

Before purchasing The Glades, you have to know of the condo insurance coverage, what exactly are insured in addition to understand the condominium association plan. The condominium homeowner’s insurance generally offers protection for whoever owns the condominium unit which is different from the condominium association insurance plan. It was meant for the needs of the condo homeowners’.

Before you purchase an apartment home insurance, try to understand first what covered in the condominium association insurance plan because most of the condominium associations have an easy insurance policy which covers the responsibility for your individuals injured about the condominium grounds and supplies coverage for that whole building, typically the condo property.

Some condominium associations only insure the bare walls, floors and ceilings; in quick it can be your obligation to the plumbing and power wiring. Buildings coverage for the condominium association generally doesn’t ensure the structure. You need to remember that condominium association by laws extensively from one region to other and other governing rules.

As homeowner’s, you should have a listing to everyone of the personal belongings or precious items and when you usually takes a video or even incorporate some image, then which is more better so you have proof. Forever positive which you which you have the proper sort of coverage and understand what can be found in the condo homeowner’s insurance policy.

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The Many Benefits of a Modern Condominium

Condominiums, according to many Filipinos, are some of the best types of housing in the Philippines toady. It is also considered by many as one of the few popular modern housing in the country. This is because these types of housing can offer the kinds of benefits in which many Filipinos are looking for in todays modern and fast-paced lifestyles. So what are these benefits?

The Many Benefits of a Modern House According to many real estate experts, condominiums were only recently introduced in the Philippine market compared to other types of housing, such as apartment buildings and townhouses. However, the reason why condominiums gained a lot of popularity is because of its benefits, one of which is its permanence in residence compared to renting an apartment, as well as cheaper compared to townhouses.

However, there are other reasons why condo Philippines became popular in the Philippines. And one of the most apparent reasons is because of its accessibility to key locations around the country.

Condominiums in the City Most condominiums are found in the heart of business and commercial districts, such as Makati City or in Ortigas Center, Pasig City. According to many real estate experts, it was because of this that condo Philippines rapidly gained a lot of popularity in the market.

Not only because these types of housing can offer the luxury of living in one of the most richest cities in the Philippines, but these types of housing also gave them the luxury of living within walking distance or mass transit distance from their workplaces as well as popular entertainment districts around those locations.

Many of its residents have even said that the view of the whole city from a high-rising condominium building can be breathtaking, particularly at night, which is why many Filipinos considered these types of housing to be one of the best modern housing in the Philippines.

However, other than in those locations, a number of condo Philippines were also found far from the city, mostly in the outskirts or even in the provinces. These types of condominiums are known as condominium complexes.

Condominium in the Outskirts Condominium complexes are mostly found in the outskirts while some are even found in the provinces, such as in Cavite, Tagaytay, or in Bulacan. Although at a disadvantage in terms of accessibility compared to condominiums found in the city, many Filipinos are still opting to live in these types of condominiums partly because of its many benefits in which many modern Filipino families can take advantage of.

One of its benefits is its luxurious peace and quiet, which is rare in the city. Another is its wide open spaces, perfect for their children to play safely. And one of the most popular benefit is its amenities, including swimming pools, gyms, recreational parks, and playgrounds, in which residents can freely and exclusively enjoy.

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Reasons Why Single Family Homes Are Better Investment

Appeal to broader set of renters

During the recent downturn in real estate, unfortunately a lot of home owners have lost their homes. They still prefer to live in single family homes as opposed to an apartment. What this means for a real estate investor is that he now has a larger rental pool for his (single family home) property. In addition, people who are moving across the country for job opportunities are sometimes renting out their original homes and looking to rent a single family home for themselves. There are several such factors that make single family homes’ rental pool larger and easier to deal with.

Getting a mortgage is easier

When you are applying for a mortgage on a single family home, it is a much more predictable and easier process as compared to that for a condominium. The laws for getting mortgage on condominiums are much more stricter in today’s economy. This makes the buying process of a single family home seamless and hence a better investment choice.

Stable Property Value

Another factor that makes single family homes a better investment choice is that with everything else being the same, single family homes tend to hold their values better than townhomes or condominiums. This is important to keep in mind since in addition to a steady income, an investor needs to also keep in mind the appreciation potential of the property.

Predictable cost structure

Since a single family home is an entity in itself, it doesn’t get affected by other factors that could vary the cost of owning a condominium or townhome. A condominium or townhome has shared walls and common areas and sometimes the maintenance cost could increase when repairs etc. are required. With a single family home, you are more in control of the cost of owning a property and that makes it a better choice.

Easier when you decide to sell

When you are in the market to sell a single family home that you have been renting out for investment, it is an easier task since your pool of buyers are both investors as well as people who are looking to purchase homes for themselves. Of course you still incur the cost of selling the home but it is a much easier process to deal with.
http://tri-citiesrealtygroup.com/

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How to Value your Home

In Economics, “value” is defined as “the maximum price that a decision-maker is willing to pay to obtain a good.” In other words, something is worth what someone is willing to pay for it. However, before you give someone the opportunity to place an offer on your property, you want to establish a guideline. You have to come up with a number that feels right, and at the same time, establishes a realistic starting point. Establishing that initial price tag or “value” requires careful research combined with educated guesswork. Lets explore one of the most popular ways to best establish that initial value.

A Comparative Market Analyses or CMA

By far the most commonly used method is to contact a local licensed real estate professional and ask them to give you what is called a comparative Market Analyses or CMA. Most real estate agents will do this for free, as a service, with the prospect of earning your business. You have to understand that a CMA is just an opinion, but it will be in the ball park and give you that initial value you are looking for in order to help you set a price point.

Here is how it works

In large part, residential real estate values are established by comparables. When a property similar to yours sold for X amount, it can be assumed that your property will be worth approximately the same. So, in order to come up with a value, we pull comps (comparables) we are going to look at three segments of the market: closed comps, pending comps, and active comps. Lets explore each one;

Closed Comps

Closed comps are the ones that carry the brunt of the weight in a CMA. They are established, recorded history. It is important to find as many comparable properties as close to the subject property as possible that closed as recently as possible. Then through careful scrutiny, organize them in order of priority. The one that is closest in proximity and most comparable to the subject will carry the most weight.

Pending Comps

Next, establish a list of pendings in the same manner as with the closed comps. Pendings do not carry as much weight as closed comps because they have not yet happened, and it is not known if they are going to happen. Also the actual sale price is unknown until it is recorded and becomes public record. The reason pendings are important is twofold; First, they give you an idea of where the market is going. For example, if the pendings are lower in price then the closed comps you could assume that the market is trending downward and vice versa. Secondly, the pendings will soon become closed comps.

Active comps

I study active comps to learn about what is not selling. I look for comparable properties that have been on the market longer than average, for clues that tell me why they are not selling. Some need renovation, some back up to major streets and so forth. Im particularly interested in the ones where I find nothing wrong because they indicate that the price is what is wrong. This gives me an idea of what price is too high.

It is important to know that we are primarily concerned with comparable properties in the same subdivision as where the subject property is located, with the same square footage and amenities and ideally, the same floor plan. If we cant find anything within the same subdivision we can venture out to find the next best thing possible.

Now that we are armed with all this new information it should be fairly easy to establish an initial sale price. Keep in mind that value is subjective, and it is okay to apply some guess work. As you proceed further down the pipeline, after accepting an offer, the buyers lender will order a formal appraisal.

The number that appraiser comes up with is mostly the number the lenders underwriter will approve (there are exceptions). If both you and the buyer still agree to move forward with the sale, the appraised value becomes the official value of your property at the moment the sale is recorded. In turn, you are a closed comp.

If this method is not satisfactory to you or if your property is so unique as to where it is practically impossible to find comparable properties, it is recommended you hire an appraiser and get a formal appraisal.

Formal Appraisal

Appraisal is defined as follows: “An estimate of the market value of a piece of property by a qualified appraiser.” An appraiser is the professional who can best give you an accurate estimate. Keep in mind that when a property is appraised by three different appraisers, most likely three different values will result. If money is not an issue, and you want to be as accurate as possible, get two appraisals. If they come in within 10% of each other, average them out and you are good to go. If however, they do not come in within 10% of each other you need to get a third appraisal and average out all three. Be aware that appraisals can be pricy. At the time of this writing the average price for an appraisal is about $300 to $450.

When you are ready to sell your property and you have established your initial value, it makes good sense to test the market. Put your property for sale at a price slightly higher then what you think is acceptable, you never know.

Good luck!

Dimitri Larno
Associate Broker – Realtor
c. 602-524-1487 e.
To learn more visit http://dilarno.com

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What You Need To Know About Singapore Condominium

Singapore condominium commonly known as condo is a multiple projects where individual units get sold. Buying a condominium unit means owning everything between the bars of that particular unit. However, you share the ownership of other common properties such as club house, elevators, swimming pool, tennis courts, gymnasium and other joint facilities with other owners of condominium.

In the recent years, many people are adopting the condominium way of owning a house. However, Singapore condominiums differ according to the market segments. Different people have different taste and also the financial abilities of buyers; fact well known by the investors.
There are the ordinary condominiums mainly situated in the suburban places but have good communal services. Such condominiums normally have average pricing to enable many buyers who wish to change from public to private housing. Under this group, there is another set of condos known as Executive Condominiums (EC). This is a combination of private and public housing which was created by Singapore government. These condominiums have a lower price compared to private ones in order to enable many people and especially the young professionals aspiring to own a house but find the price too high. However, there are some rules governing the Executive condominiums which include a minimum of five year occupancy duration by the occupant before being permitted to resell.
The other one is middle class Singapore condominiums. Basically, these are situated close to city fringes and other areas such as Tanjong Thu and Newton Novena. They are very popular because they are located close to middle of the city where entertainment and business hubs are. In addition, they have various types of themes which attract successful yuppies and professionals.

Finally, there comes the luxury category of condominiums which cater for people with good financial status. These types of condominiums are situated in the major districts such as Sentosa, Orchard Road and Keppel Bay. They are for people who do not only desire to own a home, but those with exclusive lifestyle which fits their status.

Investors of these luxury condos put all efforts to ensure that homeowner enjoys the best quality in regard to fittings, finishing and fixtures. TP180 is just an example you will need not ignore. Amenities and facilities are first class with modern architectural themes and designs which bring out the condos uniqueness.

Having a good understanding of various classes of Singapore condominiums will assist you in narrowing down your hunt. You dont have to waste much time looking for projects which doesnt fit in your budget. In case you are searching for a condominium to buy, it is very easy to know which group it belongs just be its location and also the investors way of advertising.