Single Family Dwelling
August 13th, 2008
Image Source: www.lhermitageproperties.com
There are several reasons why many prefer condominium living over a single-family dwelling. Many consider themselves to be living in a community within a community. While there may be strict regulations or rules in the condominium development, most find themselves feeling safer, as well as more involved, than they were when they lived in a single-family dwelling. Condominium developments generally charge a monthly fee to all owners to take care of the outdoor maintenance, as well as security of the building and upkeep of the common area. This allows the condo owner to simply enjoy all the amenities of condo living. The fact is condo development is on the rise all over the United States and Canada and will continue to do so as long as there are buyers. These condo buyers are simply looking to purchase the lifestyle of condo living. For many, feeling more secure in an affordable home, being pampered by a doorman, and living close to the city is what condo living is about.
Slump in Sales of Previously Owned Homes Hit All Time Low
January 24th, 2008
A desperate move for others in the housing industry could be an opportunity for you. Last October, the National Association of Realtors released a report that the pending sales of homes that were previously owned homes hit their lowest point since the time the data were published for the first time in 2001. Even Moody’s Investors Services expects that this slump will last until 2009.
So if you have money to invest, why not take this opportunity and buy a vacation home? That is, if you know what just exactly what you are looking for, the place where you want to buy. Also, owning the house for at least five years should be in your plan.
David Hehman, chief executive of EscapeHomes.com says that “There’s a margin of safety in buying a vacation home because building costs should continue to rise”.