Archive for the ‘Condominiums’ Category

When there is war inside a community association, there are usually several sides-the owners, the board of directors, management, and sometimes, lawyers. Each brings their unique perspective to the dispute, and each may distrust the views, or worse, the motives of the other. That they should all be working together to manage a project that is inherently unmanageable is beside the point-when there is a lack of trust cooperation goes by the boards and issues that should be open to easy solutions instead become a battleground. Why are we wasting good ink to discuss disputes that are often inconsequential in the scheme of things? Because lack of trust can paralyze a community association just when economics require unprecedented cooperation.

Examples? Board members who are convinced (by themselves or others) that they must follow the dictates of a statute, may pursue enforcement measures that are too rigid for the situation. Owners who lack an understanding of the history of an association, its economic condition, or the legal authority under which it operates may believe that rules can be ignored. Attorneys who lack sensitivity to the emotional side of a dispute among board members may try to resolve the issue with formality when flexibility and consideration of human nature is required. Owners with short-term interests may reject the needs of longer-term residents. Managers who lack the confidence to confront wayward board behavior with strong leadership may fear losing favor and perhaps the account. Continue reading ‘Who Do You Trust? The Essential Ingredient in Effective Management of Community Associations’ »

If you own a condominium, townhome or a unit in a Planned Unit Development (PUD), Fannie Mae has announced a new rule that will directly affect you concerning your insurance coverage. In the case of single family detached residences, a basic insurance policy covers everything, but when it comes to condos and similar properties, this may not be the case.

In insurance terms, there are three classes of assets in any home:

1. The exterior structural components (walls, roof, foundation).
2. Personal property (furniture, art, books, clothing, personal possessions).
3. Interior items attached to the home (plumbing fixtures, cabinets, interior doors, appliances like refrigerator, washer/dryer, furnace, light fixtures, wall coverings, flooring and bathroom fixtures.) Continue reading ‘New Fannie Mae Rules For Condo Owners’ »

Brickell never ending transformation has now a new residential landmark that will shine for years to come. On the former site of the Sheraton at Brickell, after being demolished, a new spectacular high rise luxury residential condominium has emerged. It is the creation of the Related Group of Florida with the genius design and imagination of Arquitectonica and Philippe Stark. The accomplished result is a monumental new residential Brickell luxury condominium complex called Icon Brickell Miami.

Brickell has always been know for being the Miami’s financial district, but in the late 80′s and specially during the last residential construction boom, Brickell transformed itself into a cosmopolitan new city within the city of Miami featuring the finest residential high rises and Miami luxury condominiums. All this new coexistence between new residential and office condos bring a new face and a new energy to Miami’s financial center. Continue reading ‘Icon Brickell Miami Rentals Are Now Available’ »

Nowadays there are lots of homebuyers who are trying to search for the right residential properties instead of having single family homes. As a matter of fact these potential homebuyers find it cheaper to buy a condo unit around Miami Beach.

It is more expensive to buy a single family home than a Miami Beach condo due to the fact of filling it with all the needed amenities unless you find something that is fully furnish from living room down to the kitchen. Continue reading ‘Beach Condo – Guide in Choosing the Right One’ »

High rise condominiums are gaining popularity today and you would seldom see any city without these skyscrapers dotting the skyline. In fact, they are so popular that most high rises are completely sold out even though they are still in the construction phase. You may start to wonder why they are so popular and they managed to survive even in the midst of the recent housing slump.

It is a well known fact that high rise condos are tailored to suit the needs and desires of prospective residents, particularly the young professionals. Their location, coupled with the amenities they offer, are a perfect attraction for busy people who are always on the go. In keeping with the age old strategy of constructing a building where location is the primary consideration, most of these condos are located within close proximity of business centers. Who would not want to live in a gorgeous building which is just a short walk from your office or place of business? Continue reading ‘The Reasons Why High Rise Condominiums Are So Popular’ »

Denver is well known as the mile high city since it is exactly a mile high from sea level. However many consumers looking to move to the Denver area still want a nice view of the city while still owning the place they live in. Denver condominiums have become very popular for this reason. They are more convenient than homes as you don’t have to worry about mowing the lawn or shoveling snow however you still own the place you’re living in. There are many different Denver condominiums that you can choose to live in throughout the city. You will find condos almost everywhere you look in Denver however the most famous of places for condos is the lower downtown area which locals refer to as LoDo.

You will find many condos all across the city while on your search for Denver condominiums. Some of the condos you may recognize the names by and some you may not. However there are several condos that are popular around the area. These will also help give you an idea of the ranges and average prices for condos. Continue reading ‘Choosing Amongst the Various Denver Condominiums’ »