Decorating minimalist interiors can make you rethink the quantity of ordinary objects you want around you.

Condo suites with dens can command a higher price-point than those without… But if you’ve been keeping up with how to do your den right take a look around your home. Look at all the furniture in each room carefully. Turn your head to the portraits hanging on the wall and the objects that sit on your tabletops. Does everything need to be there? Or can you do away with some of them? Minimalism is all about subtracting unnecessary frills and the things from your decor and keeping things simple. And a lot of homes are turning to minimalist decor as a refreshing way of neat, organised and clutter-free living.

The minimalist decorating style is an exercise in restraint, where space, lighting and objects play equally important roles. This style demands you to pare down your furnishings to the bare essentials so that you’re left with a set of curated objects that deliver maximum impact. Far from being boring, this style is bold, functional and highly memorable.

Channel your inner Marie Kondo and implement these nine tips if you are planning on experimenting with simple, sophisticated interiors for a change.

Minimalist Style Decor Tip #1: Use a restrained colour palette

Light colours such as white along with understated neutrals, barely-there greys, and pastels are intrinsic to minimalist interiors. Though you could add brighter colours, we suggest you stick to one or two and limit the dosage. The picture above uses shades of beige and white to create a well-lit room. Even the marble dinner table here enhances the minimalist style.

Minimalist Interior Design Tip #2: Empty spaces and focal points

Empty space is considered an important element in minimalist room decor, since space interacts with the objects and defines the look. Visual balance is just as important and can be achieved only by having a focal point. Notice how the living room has plenty of empty space and no unwanted distraction. At the same time, some of the family’s essential decor elements do find a spot on the walls.

Minimalist Design Tip #3: Declutter and edit

Having a minimalist interior design means you need to say goodbye to clutter. And to do that, you’ll have to edit what you display on shelves and tables. Stick to essentials only and store the rest in cabinets. This kitchen shows how only a few well-chosen elements have made it to the counters. Also, the choice of a white kitchen with a pop of wine red gives the impression of a lot more space while staying stylish.

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If you’re living (or investing) in a condo, it’s high-time to ensure you’re making the most out of those extra walls. And though they may be small, there’s ample opportunity for a den to make a major impact on your lifestyle.

Condo suites with dens can command a higher price-point than those without… But if you’ve been keeping up with how to do your den right, you already knew that.

This is according to Baker Real Estate Incorporated’s Baker Insights Group (B.I.G.), and — despite the last year (plus) intensifying the truth of it — such has actually been the case for several years now.

“The biggest difference between the unit mix in 2020 versus 2018 and 2019 is the share of suites with one bedroom plus den, which rose from 10% in 2018 and 13% in 2019 to 23% last year,” reads the insight group’s recent market report.

What’s more, dens are shown to add value to a condo, even when they don’t actually provide extra floor space.

“Baker recognized that buyers were willing to pay more for a unit with a den, even if the square footage was the same,” says Baker CEO Barbara Lawlor.

If you’re living (or investing) in a condo, it’s high-time to ensure you’re making the most out of those extra walls. And though they may be small, there’s ample opportunity for a den to make a major impact on your lifestyle.

“Buyers envision using [their den] for a second tenant or roommate, a place for friends and family to stay, as a nursery, and as we all know, a room to have a home office,” B.I.G. reports.

Or, we might add, a walk-in closet.

As fall embraces the city, and the chill of winter draws ever-nearer, having some extra storage space for those bulkier items (and rows of boots) has never sounded more inviting. Read on to learn some simple ways your home’s extra four walls can be transformed into your dream walk-in closet…

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The pandemic has greatly changed what many people are looking for in a residence. Since people are spending less time at school or the office and more time at home, renters want more privacy and space.

The difference between apartments and condos can make or break your living experience, depending on what you’re looking for. Apartments and condos have differences in ownership, management, amenities, maintenance, rules, and costs. There are pros and cons to each, and the

Is buying a condo a good investment for 2021? This is a question on the minds of many real estate investors as 2020 draws to an end.

As you may already know, condos (or condominiums) are multiple individual units housed in one complex or building. Unlike apartment buildings that are owned by one entity, condo units are individually owned. Condo owners share common facilities such as pools, gyms, and grounds, for which they are required to pay a monthly maintenance fee.

To answer the question “Are condos a good investment for next year?”, we need to look at some of the pros and cons. We also need to consider some recent condo market trends as they have been impacted by COVID-19. Let’s get into it.

4 Reasons Why Condos Will Make Good Investments in 2021

Here is why condos are a good investment in the US housing market 2021:

Reduced prices

A recent Redfin report revealed that year over year condo sales dropped 53.5% in May and 31.3% in June 2020. Before coronavirus broke out, the price for condominiums had hit a 3-year high in January with a 9.7% year over year increase. However, the sale price of condos has been falling steadily since March. With the pandemic being far from over, condo prices are not likely to increase significantly in the near future. As a result, you are likely to get a good deal if you invest in a condo in 2021.

Appreciation

One of the main questions that potential real estate investors ask is ‘Do condos appreciate in value?’ Not only are condos cash flow properties, but they generally appreciate in value over time. Even though COVID-19 is driving prices down right now, once the nation is past this crisis, condos are likely to continue back on their path of historical appreciation and price growth.

However, the rate of appreciation of property boils down to location. A good location is characterized by the following factors:

• High population growth
• High median income
• Availability of amenities such as restaurants, shops, parks, schools, and hospitals
• Low crime rate
• Accessibility to public transportation
• Walkability

If you find a condo in the right location, you can almost be guaranteed that your property (whether it’s a traditional or Airbnb investment property) will appreciate in value.

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There are pros and cons to each, and the differences can make for two very different living experiences for renters.

The difference between apartments and condos can make or break your living experience, depending on what you’re looking for. Apartments and condos have differences in ownership, management, amenities, maintenance, rules, and costs. There are pros and cons to each, and the differences can make for two very different living experiences for renters. Debating between a condo vs. apartment? We’ll break it down for you.

Typically, people associate rentals with apartments. However, as you search for the perfect rental, you’re likely to stumble across some upscale condominiums as well.

• What is a Condo?
• What’s the Difference Between Apartments and Condos?
• The Pros and Cons of Condos
• The Pros and Cons of Apartments
• How to Find a Condo
• How to Find Cheap Condos
• When’s the Best Time to Rent Condos?
• Which is Better for Me, a Condo or Apartment?

What is a Condo?

The main difference between apartment and condo is the ownership. A condo is a privately unit owned by an individual in a complex with similar units. Each unit is probably owned by someone different. You may not notice the difference between a condo and apartment building at first glance, and many people assume they can only buy condominiums. In reality, condo owners frequently take on a landlord role and rent out their unit. When you rent in a residential building with condos, the person who owns the unit is your landlord. Meanwhile, apartment buildings offer numerous rentals under the same management or ownership.

Condos usually offer shared amenities and common spaces like gyms, pools, rooftop terraces, and laundry units.

Homeowners’ Association (HOA)

Condos are managed under a homeowners’ association (HOA) made up of unit owners from the building. The roles are on a volunteer basis. The HOA takes on the decision-making with regard to the building’s common areas, upkeep, rules, and services. An HOA may also decide to employ a property management service to maintain the building, but the HOA are still making the decisions about the property.

An HOA also establishes standard rules and expectations of all owners within the shared community. HOAs streamline and guarantee a well-kept and well-functioning residential space.

When a condominium building’s shared amenities need updates, break, or require replacement, the HOA works together to ensure the issue is resolved. The HOA members may also serve on different committees ranging from repairs to collecting dues. Different HOA members may step-in on different projects or issues depending on the issue that needs to be addressed.

Shared amenities and spaces also comes with financial obligations for their upkeep. Although the HOA itself is a volunteer committee, the residents of the building fund HOA fees through fixed, monthly dues. In return, a homeowners’ organization guarantees the upkeep of common areas, exteriors, and other shared structures.

Additionally, HOA members must follow a set of “CC&Rs”: Covenants, Conditions, and Restrictions. Those include regulations that may restrict what owners are able to do to their property. Those regulations can range from acceptable door decorations to not leaving bikes in hallways or balconies.

Your lease will outline all of the HOA rules and regulations. It’s important to read the lease carefully before signing it.

Some condominium landlords may also include a clause that holds the tenant responsible for paying monthly HOA fees. Though many landlords who rent out condos cover these costs themselves, not all do. Make sure you know what you’re obligated to pay ahead of time.

What’s the Difference Between Apartments and Condos?

HOA Fees and Utilities

You don’t need to pay HOA fees when you rent an apartment. However, leasing an apartment still entails a monthly rent payment and utility payments. These payments cover services that your rent excludes, including gas, electricity, cable, and internet. Plan ahead, as your average utility bill can get pricey.

Condo owners typically manage utilities themselves and then pass on the cost to their renters. Renters can expect a flat fee for utilities that are included in your monthly rent.

Layout and Floor Plans

Apartments usually have similar layouts to every other unit in the building. You may find three or four different floor plans to account for multi-bedroom or penthouse apartments. Apartments in the same building will also have comparable floor plans and aesthetics. You can expect to find the same kinds of floors, ceilings, and other structural materials throughout each unit.

This standard isn’t necessarily the case for condominiums. Each unit within a residential condo building may vary widely in condition and interior style.

Now that you understand the main difference between apartment and condo and the ownership structure involved, let’s take a look at the in-depth pros and cons of both options.

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Wouldn’t we all love to have the latest home decor, and gadgets without breaking the bank? Though some items are worth splurging on, it can be hard to justify the expense when you’re on a tight budget or you’re making major changes to your home.

Wouldn’t we all love to have the latest home decor, and gadgets without breaking the bank? Though some items are worth splurging on, it can be hard to justify the expense when you’re on a tight budget or you’re making major changes to your home. Like, when did throw pillows start costing $30 each? There are, of course, lots of ways to pinch your pennies and make your money stretch as far as it possibly can. To make things a little easier for you, I’ve gathered up some of the best deals I could find on home goods for those with Champagne taste on a beer budget. They’ll rejuvenate your home in no time, and your wallet will love the savings, too.

There’s a little something for everyone here, no matter what your tastes are. If mid-century modern decor is your jam, then you’ll absolutely love this industrial gold floor lamp that will run you less than $35. And if you’re a plant lover with a serious green thumb, then this wooden plant stand (for just $15) was made for you and your leafy babies. Or maybe you’re boho royalty looking for some eye-catching wall decor to fill a blank space: Allow me to suggest this set of decorative mirrors shaped like the phases of the moon. Like I said, there’s something for everyone — and all you have to do is keep scrolling to find out.

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When it comes to property management, there’s a lot to consider. Condos are individual units that come with all sorts of unexpected challenges.

When it comes to property management, there’s a lot to consider. Condos are individual units that come with all sorts of unexpected challenges. Condominium owners are usually required to pay for all maintenance and repair requirements whereas the repair and maintenance in the common premises are generally taken care of by the Condo Board.

When it comes to the individual condo unit, there are many raised expectations.  So here are a few maintenance tips that can essentially help you step up your property management game:

16 Condo Maintenance Tips

1. Figure out the Inspection Days

You can develop an inspection calendar to make sure you don’t experience any oversight over little things like the fire sprinkler. In order to avoid fines, complete all the necessary inspections on time, which are required by state and local codes. With periodical checking, you can eliminate any potential look-over. Get your appliances and installations checked properly when it comes to it.

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One of the biggest benefits of condo ownership is that other people do the exterior property maintenance for you.

We all know that investing in rental properties can be a great way to earn income. But purchasing single-family homes to rent out can be expensive, especially for beginners. Condo units are usually cheaper. Does condo investment make a good entry point for an investor?

What Is a Condo?

A condo, or condominium, is a private residence within a larger building or community. It can be a multi-story townhouse or a single unit in a high-rise with other condo units above and below.

As an investment property, a condo can be rented out to tenants. This can make it seem very much like an apartment. The difference is ownership. Individuals own each condo. But apartments are rented out by someone who owns the entire building.

A property owner purchases a condo and pays a monthly condo fee (in addition to the purchase price of the condo itself). This fee covers the maintenance and upkeep of common areas shared with other owners in the condo community.

Should you Buy a Condo as an Investment Property?

It depends on some key things, as does any real estate investment.

Most important are the property’s location and the financials. No matter what, the condo’s location has to be a desirable one with a qualified pool of tenants.

In addition, the return on investment (ROI) of the specific property needs to be in synch with your investing goals. And if you’re worried about property mismanagement issues, you can use services like Buildium, which streamlines property management tasks.

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Condos appeal to people who want a low-maintenance lifestyle, a secure and stable residential environment, along with having the opportunity to socialize with their neighbors.

What are condos? A condominium building, or condo, is an independently owned unit in a large complex or building of units. While most condominiums are situated in high-rise buildings, detached condominiums are available in select markets.

The air space inside a condo is owned by the condo owner, who also owns a share of the communal property, which includes the floor, walls, walkways, stairwells, and exterior spaces.

The majority of condo owners do not have to bother about repairs or maintenance. Instead, these costs are covered by a monthly payment to the condo association.

Condos serve as something between owning a home and renting an apartment in apartment buildings in this way.

Condo owners enjoy the benefits of developing equity in their property and, like an individual condo owner, can rent it out for income. Still, some of the necessary maintenance is handled by a third party.

What are the Features of a Condo?

Condos provide exceptional convenience in a residential setting. You have to take care of the interior of most condo developments.

The rest is taken care of by a condo management association. A condo’s most appealing feature is its price tag. Condominiums have always been less expensive than single-family residences, and this trend continues today.

Condos are also frequently less expensive in terms of taxes. There’s also a sense of condo community that a single family house often lacks common areas and amenities, as well as community events and other activities. It’s a lot easier to travel or live seasonally in another location with the assurance that everything will be taken care of during your absence.

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Are you moving into your new condo unit? Or are you excited to put it into the market for rental? Either way, it is important to plan for the maintenance of your condo unit to ensure that you can make the most of your investment.

It is only natural to protect your investment so you have to plan how you should maintain the unit. The better able you can maintain it, the longer you will be able to generate income from it (as you can entice possible tenants)

Importance of Maintaining a Condo Unit

The need to properly maintain your condo unit is important not just for its face value. While a well-maintained unit can attract potential renters, you can also enjoy other benefits for your investment.

One of the primary reasons why you should think about regular maintenance on your condo unit has something to do with your insurance premium.

If your condo is well-maintained and all the systems are efficiently working, you can lower your insurance premium because there is less risk involved with your unit from damage or other hazards.

This excellent resource will explain in detail how maintaining your condo unit can have a direct impact on the cost of acquiring insurance. Keeping your unit safe to live in and in its best condition can benefit you in the long run.

It is, therefore, something that you should not overlook when you make that investment. You do not have to spend a lot of money to maintain your condo unit. You simply have to be smart about where you put your money

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Buying a condo can be a great way to dive into homeownership without worrying about all the upkeep that comes with single-family homes and townhouses. Condo dwellers can also typically take advantage of shared amenities, plus the condo association to take care of building maintenance.

However, condos aren’t for everyone, so it’s best to figure out what your lifestyle and budgetary needs are first.

Source: Bankrate.com

7 tips for buying a condo

Here’s a condo buying checklist to go over as you start your search.

1. Consider your lifestyle

Hate to mow the lawn and trim the hedges? What about pressure washing your driveway? Are your finances such that having to lay out $5,000 or more for a new HVAC unit or roof will be a burden? If you answered yes to these questions, condo living may be for you.

However, if the desire to have a large backyard outweighs the time you’ll need to spend maintaining it, then another type of property, like a townhouse or single-family home, could be a better option for you. Similarly, if sharing walls, ceilings or floors with a neighbor seems unappealing, a condo may not be the answer. Condos tend to work best for those comfortable with apartment living.

2. Work with a Realtor with experience in condos

If you’ve decided that buying a condo is for you, you’ll want to find a real estate agent who’ll have your best interests in mind. Ideally, you’ll want someone with a track record in condos so they can address any concerns you might have and guide you through crucial steps, like reviewing the condo association documents.

Your agent should know the condo developments in your area and what issues they might have. Things that could negatively affect your life in a condo might include community finance issues and structure or infrastructure problems within the community’s building or buildings. A good agent will be able to tell you if there’s been acrimony over community issues, and they will know which developments have fared best in resale values.

3. Decide what types of amenities you want

Condos can offer a wide variety of amenities. When working with your Realtor, make sure to address the types of amenities you want, in addition to other factors like location and budget, so you can find the perfect place. You’re buying access to these amenities when you buy your unit, so don’t be shy about putting them on your wish list….

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