Luxury Condos New York – A Guide to the Buying Process

Selecting and buying one of the New York luxury condominiums, whether it’s located in a Manhattan condo building or a Jersey City building overlooking the Hudson River, can take up to a year.

Mortgage pre-approval

This should only take between 1 – 3 days. Most NYC condos require a

deposit of at least 10% and it’s best to prepare your budget early on in the buying process. This includes the down payment, monthly maintenance payments to the Homeowners’ Association, real estate tax, a mortgage, utilities and repairs.

Get a Pre-Qualification Letter from your bank or broker, to show the owners of NYC condos for sale that you have finance available. Now is also the best time to hire a real estate attorney experienced in NYC condos. A good attorney will know how to haggle with the owners of New York luxury condominiums, oversee the writing up of a contract and generally protect your financial interests.

Selecting your home.

This can take anything from a couple of weeks up to several months and the average buyer looks at more than sixteen condos before finding the one she wants to purchase. Although you may be looking primarily at Manhattan condos for sale, be flexible because the recently built New York City apartments are offering the same high level services and amenities.

Waterfront luxury condos in New York.

The old storage facilities in New Jersey, which housed pharmaceutical

processing machinery and industrial tube fillers, have now been replaced by some of the best luxury condos in New York. These waterfront condos have wonderful views over the Hudson River and include sensational vistas of the Statue of Liberty and the world-famous Manhattan condo high-rise skyline.

List your priorities.

Make a clear list of your priorities including the type of community, how much space, the aesthetics, safety, the views, amenities and services. For instance, don’t be tempted by a luxury Manhattan condo for sale at a very attractive price, if you find that it’s located too far away from the public transportation system.

Are you planning to retire and looking for a mature community with plenty of social activities? Do you need a laundry service and do you keep a pet?

Negotiating with owners.

This can take anything from a few days to several weeks. You need to

discuss the price and what fixtures and fittings will be included. Make a verbal offer to purchase and then send a formal written offer from your attorney’s office.

After a period of negotiation, if you have come to an agreement, the seller’s attorney will send the Contract of Sale to the buyer’s attorney. After this has been examined with due diligence by the attorney, the buyer signs the contract and returns it to the seller’s attorney accompanied by the deposit payment.

That’s the end of Phase One of buying luxury condos in New York and your next step is to arrange a mortgage.

 

Source articlecity.com

Atlanta, Georgia Condos – Sophisticated City Living without Air Pollution

If you are planning a move to the south and are looking to buy one of the many attractive Atlanta, Georgia condos, here are a few facts to help you get the ‘flavor’ of the city.

Mixed economy

Atlanta is the largest city in the state of Georgia and has a mixed economy including both white-collar and blue-collar workers. Overall, a higher proportion of the population works as sales and office workers, IT technicians, managers and professionals.

In addition, Atlanta is a popular city with artists, designers and media workers in general. This comparatively high proportion of creative types for a U.S. city has helped to imbue Atlanta with its individual personality.

Entertainment

Furthermore, Atlanta, Georgia has a generally young and well-educated population living in its city condos. There are plenty of opportunities for newcomers and residents to meet and form lasting friendships over a restaurant meal, listening to live music or enjoying many other social activities. It certainly has nightlife with venues just as sophisticated as those around Manhattan apartments.

For daytime entertainment, there are many sports centers and cultural center activities, where young professional stay in shape, meet new friends and relax away from the demands of their careers.

Fresher air.

If you enjoy the fast pace of city life, but worry about the air pollution that dense traffic creates for people who live in say, New York City condominiums and other U.S. cities, then Atlanta, Georgia will be a breath of fresh air for you. More people than the average for U.S. cities use public transportation to get to work in Atlanta.

This means there is far less air pollution than you would get in similarly priced Manhattan apartments, for instance. Therefore, you can go house hunting in Atlanta, Georgia’s city-center without worrying about the air quality on the streets outside the condos.

Ethnic diversity.

The city of Atlanta is ethnically diverse, with a prevalence of African-Americans followed by Caucasians with German, English and Irish ancestry. The predominant language is English, but plenty of the residents in Atlanta, Georgia condos also speak Spanish.

If, like me, you are moving from one of the New Jersey residences near the shore, it can take time to adjust. You will miss Italian hot dog stalls, bagels and the wonderful views of the New York City bay.

Good education.

However, there is less chance of your kids suffering from diseases caused by air pollution and the young people here are more focused on getting a good education and a college degree - things you do not always get with kids raised in New York City condominiums.

In addition, the cost of living is so much cheaper here in Atlanta that we can spend more money on extra-curricular activities for our kids and enjoy a better quality family life. Therefore, speaking as an Atlantan of ten years standing, I firmly believe that as long as you find a condo near a good school for your children, the life here compares very favorably with other U.S. cities!

 

Source articlecity.com

5 Reasons To Buy A Condo

Many people in today's real estate market are searching for their next dream home. But not all of them are looking for houses in the suburbs. More and more people are finding themselves drawn to purchasing condos, rather than buying a house or renting an apartment. There are pros and cons to any type of property, but condominiums have certain appeal to a variety of buyers. If you are considering buying a condo, take a look at the top 5 reasons to do so.

1. Lower-Maintenance

A big selling point for condos is the amount of work and maintenance owners are spared by living in them. When you purchase a condo, you often give up a private yard, but this means no mowing the grass in the dead of summer, no pulling weeds, mulching or spending money on irrigation. You also won't have to worry about keeping up the exterior of your condo's building. Typically, a condo owner is only responsible for repairs and maintenance for the areas within his or her own walls. Lower-maintenance living is appealing to busy career-driven individuals who might not have time to keep up with a yard or other property care. It is also a great option for senior citizens, frequent travellers, or those with health issues.

2. An Investment - With Benefits

By buying a condo, many owners feel they are getting the best of both worlds - they own their own piece of real estate, which can be a great investment, and they get to take advantage of all the perks a condo has to offer. Location is also a factor. Many people who live in urban areas don't want to feel restricted to apartment living only, so a condo is a fantastic option for those who want to invest in a home without moving beyond the city limits.

3. Amenities

Owners are often drawn to the many amenities that their condo community offers. Similar to the amenities apartments have, condominium complexes often offer things like a pool, gym, tennis courts and more. Some newer communities even offer movie theaters and walking trails. The best part is, the property owner doesn't have to maintain any of those facilities on their own. These amenities are generally paid for by the condo association, and each homeowner contributes by paying monthly or annual dues or fees.

4. More For Your Money

Generally, buying a condo is cheaper than buying a house. This isn't always the case for every market, but in many areas the average cost per square foot of a condominium is significantly less than that of a single family home.

5. Community Spirit

If you're the type of person who likes to be surrounded by a community, condo life might be perfect for you. Condo residents generally reside in their homes longer than those who rent apartments, which can allow for a great community spirit among residents. Some condo communities even organize social events, to help neighbors get acquainted. This is ideal for someone who is new in town or is busy with work and doesn't get to go out and socialize much. Security can also factor in here, as many condo communities have an active community watch program. Some even have security systems installed in each unit, for extra peace of mind.

Every home owner is different, and a condo might not be for everyone. It's important to be honest with yourself and weigh the benefits against any negatives when it comes to finding the right home for you.

 

Source articlecity.com

Sukhumvit Condominium Projects Continue Unabated

Bangkok’s property market shows no signs of slowing down in terms of new construction of condominiums as projects along Sukhumvit Road, a top Skytrain route, continue to be launched. The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they have launched condominium projects worth more than Bt100 billion, with more than 10,000 units.

Since last year nearly 100 projects have been launched in the area by both listed and non-listed property firms. Construction will be complete between the end of this year and 2013, according to a survey by The Nation newspaper last week. Examples are The Clover Thonglor, Le Lux & Sky Walk condominium, Ivy Thonglor, The Trendy Condominium, Noble Phloenchit, Ideo Morph 38, and Aequa.

Condominiums along this route are priced between Bt80,000 and Bt200,000 per square metre.

Luxury residences priced at over 150,000 baht ($5,000) per square metre are located between the Phloenchit intersection and the top of Sukhumvit Road between Sois 1 and 10. From Soi 10 to Soi 55, prices range between 80,000 and 150,000 baht per square metre.

One-bedroom units with a total space of 45-60 square metres are the most popular in this location.

Noble Development president Thongchai Busrapan said that after bookings for Noble Ploenchit opened from June 19-22, the company achieved presales worth Bt7.2 billion, or half of the total project value of Bt14 billion.

"Although this location has high competition, our project is freehold, which is difficult to find in this area, where most projects are for long-leasehold contracts," he said.

Demand in this location is sufficient to absorb the high number of condominium launches, according to a survey by the Real Estate Information Centre. Since the Skytrain opened in 1999 the whole Sukhumvit area has grown quickly in terms of high-end condominiums and also serviced apartments and hotels. In addition to the condominium projects under construction there are also several five-star hotel currently being built on Sukhumvit Road.

In 2011, the total number of residential units available for sale in Bangkok was 130,282 which included single houses, semi-detached houses, townhouses, condominium units, commercial buildings and land allocated for housing. These projects were not sold out and currently have no problems but at the time of the survey the total units had not been sold and most of the residential projects were only launched shortly before the survey.

Growing demand in this area from both local and foreign buyers who live in Bangkok has driven condominium prices 10-20 per cent higher than their presale prices, depending on how close they are to Skytrain. For example, Ficus Lane on Sukhumvit 44/1, which was priced at 50,000 baht per square metre when introduced in 2005, now sells for 110,000 baht per square metre.

Condominiums on Soi Thonglor that recorded presale prices of about 100,000 baht per square metre now go for more than 120,000 baht per square metre. Condominiums on Soi Ruamrudee priced at 40,000 baht per square metre five years ago have now recently recorded sales at Bt120,000 per square metre.

 

Source articlecity.com

Office Condo Space-A Popularly Growing Idea

Office condo space- a hit in real estate business

The latest fashion in the real estate market is buying or renting an office condo. Condo office space is available in plenty, and the trend is becoming very popular, but not yet popular in the metropolitans. Like everything else in business, there are advantages and disadvantages of moving your business into a condo. For some, the record tells that it has proven success to many, and for others, traditional commercial real estate has always brought profits. Office condo businesses are rapidly growing across the country; however, they have still not a fashion in the major metropolitan areas.

Advantages of Office Condo

• Buying or leasing an office condo gives freshness to the workplace with plenty of residential changes located in the suburban parts of town. The atmosphere is peaceful and often located in prime suburban neighborhoods with plenty of amenities in surrounding. Some condos have easy access to stores, restaurants and might even be near to a dry cleaner. If you are very fond of the rush the cities, then a condo may be right choice for you.

• Generally, the condo is a good choice for the rent purposes or purchase and provides you a good location to do business, especially in suburban area. Although not every project is suited for condo businesses, they may serve as a good location for dentists, lawyers and chiropractors.

• Ownership of the office property is a good investment and has shown good progress over time over purchasing some piece of commercial real estate. In addition to that, office condo owners have the advantage of IRS code 179 according to which $100k is deducted in cases of progressive depreciation through the first seven year period.

Disadvantages of Office Condo

• The office condo environment may not suit businesses that are uncertain of the space they require. Although many of the office condo units are very spacious, they do not go well with businesses that require space for heavy equipment. A firm that does not have a clear idea for their graph should better avoid a condo purchase or long-term lease.

• Businesses that depend on rich consumer clients may soon face loss of clients due to lack of parking space. The office condo parking is limited and can be a problem to building clients that have to take round of the whole block to park their car. However, if the condo establishment is in that area where clients can easily approach, then the parking issue is not that big.

• Although owning an office condo has proved beneficial for many, the concept has just come in fashion so it doesn’t provide a long-term record for attracting constant renters. As with any real estate deal, it’s good to know everything before signing on the contract paper. Be sure that you have taken into account all your circumstances and considered the fact that your office condo location is sufficient to manage your number of clients.

Be careful about the area when you are doing an investment

Commercial real estate for sale in Texas is an intelligent investment. It grows significantly every year, so the resale is a brilliant idea. If you have decided not to sell, you can give it on lease and keep getting constant income. Whether you decide a deal with a firm in person or over the internet, make sure that you have done enough research about the area first. When purchasing an office condo, look for location. This is the key to find the perfect commercial real estate investment.

Source articlecity.com

Benefits of Condominium Lifestyle

The trend of Condominium living is growing nowadays around the world and most of the people prefer this option with much enthusiasm and positively. Condominium lifestyle is much trendy and easy going kind of living in the urban or metro areas as by this lifestyle you can enjoy all the benefits of modern living.

If you consider the typical fast life of professionals these days, they just go home to rest and spend most of their time at work. Condo living offers lots of benefits for these category of people. Exploring countless possibilities associated with condo living is exciting risk to deal with and that is the reason why more and more people prefer to live in these kind of lifestyle. If you are interested to try out something fresh or new and want a good transformation in your lifestyle than condo living is the best option for you.

By switching over to condominium lifestyle you get many of the important benefits. One of the major benefit of preferring condo lifestyle is you get your place at a premium location. It has been always noticed that the condo buildings or premises are always located at the heart of the city where you definitely get a better experience of living. Location of the house gives many benefits like traveling to workplace or other places gets easier, there is no problem of traffic which leads to less fuel expenses, availability of all things like departmental stores, hospitals, schools, gyms, common services and facilities like swimming pools, gyms, tennis courts, elevators, etc are accessible. Residents and members get the right of using these amenities. So you can enjoy these facilities offered if you prefer to stay this kind of lifestyle.

Another important benefit of this is Security. You get the guarantee of quality lifestyle by different security services of condominiums. For example you get the security service 24/7 to protect you and keep you safe as you are a member of that condominium. Also some modern premises have the security gadgets installed for the security purpose of the members.

Comparatively living a condo lifestyle is preferable as long as you have good resources and is the best option for people who wants to start up their life living in the urban cities like new professionals or students or newlyweds. Living like this is much comfortable and is affordable too if you consider all the services you are getting in return. Professionals who are mostly busy in their life and don’t get time for the maintenance of their home, can opt for it as here everything is carried out by the Condominium management company.

A Condominium Management company is a company which actually provides a real estate management service to the home owners. So the total management that is administrative, accounting, maintenance, and consulting is done by this company. So if you are the one who own a condominium property, it is always better option to go for a condominium management services so as to give it on rent or sell it.

 

 

Source articlecity.com

Any size company can outsource payroll

Running an SME is hard work. Getting the business going and growing it quarter by quarter is no mean feat. In order to stay focused it pays to constantly evaluate how business processes are handled and look for the most efficient way to run each function. Every business has administrative processes that use up time, staff and resources. Which makes them prime candidates for being outsourced. More and more small businesses are waking up to the fact that outsourcing isn't just for larger organisations.

Take HR payroll for example. What starts out pretty small can soon turn into a task that eats up more and more time. Getting everyone paid accurately and on time is more complicated than many people realise. Often it's an additional task for someone on top of everything else that they do. So it pays to seek out a third party provider of payroll services who can handle this function instead. Which means more time and attention for the things within a business that really matter. Keeping customers happy.

The trick for SMEs when it comes to sourcing these payroll services is to find ones that are aimed at them specifically. Because not all providers understand the unique needs of SMEs. Moorepay have a range of HR payroll services that have been created specifically with the needs of smaller and medium sized enterprises in mind.

Getting started is easy. Just one phone call to Moorepay can answer any queries and questions that people may have. The team at Moorepay like to understand a business thoroughly and then suggest a solution accordingly. So that business gets a service tailored to its exact requirements.

Payroll doesn't have to be a drag on time and resources for any company. No matter how small or large. Talk to Moorepay about a leaner and more efficient solution.

Source articlecity.com