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Such a simple concept when you truly understand its simplicity, but so very confusing when you only think you understand.

I can’t tell you the number of times I’ve heard the goofiest things from condominium owners – some of them who’ve been living in condos for many years. I’ve often said “we should write this down – someday we can publish a book!” – should’ve listened to myself, but I digress.

If you are a first time condo owner coming from a rental situation, you may fall into the group that will utter something similar to any of the following:

* my monthly condo fees increased, so I’m going to get my money’s worth and take longer, hotter showers!

* darling little Donny dropped his toy tractor in the toilet and now its plugged – send someone to fix it right away.

* they should do something about “the grass cutting”, “junk on people’s balconies”, “parking violations”….

If you’re a first time condo owner coming from a single family home, you may be heard to exclaim:

* I paid for it, it’s my home and I’ll plant what I want – I own this place

* if I want to install a screen door, I don’t need anyone’s permission

* they’re my tenants and I don’t want to evict them.

Most of this, at a glance, seems perfectly reasonable. Let’s look more closely.

There are three legal acts relevant to the purchase of a condominium unit by an alien, being the Condominium Act  B.E. 2522 (or 1979, the Condominium Act (No. 2), B.E. 2534 (or 1991) and the Condominium Act (N. 3) B.E. 2542 (or 1999) issued on 28th April, 1999. Until recently, foreigners could only own forty percent (40%) of the aggregate unit space. This has been amended to 49% of the aggregate unit space although the ministerial regulations governing this change have not yet been issued. The new Act allows that aliens or alien juristic persons (majority foreign-owned companies) can own up to 100% of the aggregate unit space registered in a condominium up to 27th April 2004. The total development area in that case must be under 5 rai (8000 m2) and located in Bangkok, all municipal districts and “such other areas as shall hereafter be announced by the Minister of the Interior to be foreign owned, provided always (this is unchanged) that the funds for the purchase have been remitted from abroad”.

Who can own a condominium:

Basically any foreigner who can enter Thailand legally can buy a condominium.

Currency:
Basically any negoti able foreign currency can be used to purchase a condominium.
The foreign currency MUST be transferred into Thailand as foreign currency and exchanged by the handling bank in Thai Baht.

Documents needed when buying a condominium:
For foreigners to be eligible to purchase a condominium in Thailand they must present proof to the Land Department that the funds have been remitted from overseas in foreign currency. Without such proof the Land Department will not permit the transfer of ownership to the foreign buyer.

FHA Loans for Florida Condominiums

Florida FHA Condo Loans Insured through FHA Section 234(c)

FHA loans   | Florida FHA lending limits | Florida FHA mortgage application | Florida FHA condominium refinance | Florida FHA approved Condos

  The FHA/HUD Section 234(c) of the National Housing Act provides authority to insure any mortgage covering a Florida one-family unit in a project coupled with an undivided interest in the common areas and facilities which serve the project. The Florida project may include dwelling units in detached, semidetached, row, garden-type, low- or high-rise structures.  Generally these types of Florida properties are referred to as Condominiums.

Florida Condominium buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida Condo buyer the FHA program can simplify the purchase of a Florida Condominium, making the p financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA condominium loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase 3 years after a Foreclosure.

  To apply for a Florida Condo  Loan WWW. FHAmortgagePrograms.com

FHA/HUD will insures mortgagees against losses on mortgage loans used for buying a Florida condo or to refinance individual Florida condom mum units in eligible FHA approved condominium projects provided that they meet certain guidelines.

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In the wonderful Caribbean islands, living your life in a condominium is an awesome experience.

‘Caribbean islands’ are visited by numerous tourists from all over the world. Tourists enjoy the great weather, beautiful beaches, a range of activities and the delicious local cuisine.

For those tourists, condominium lifestyle is a real blessing. In fact, the condominium structures were built in the Caribbean islands to provide accommodation (both temporary and vacation homes) for the influx of tourists.

By owning a condominium in the Caribbean islands, you can enjoy the fascinating sight of the boats entering in and out of the harbor, you can dive in the water, plus watch the wonderful lights emitting from the background of the lighthouse.  

In Caribbean islands, you can be guaranteed of good food and can have the Chef Aaron Willis being served with ingredients prepared with typical Caribbean Style!

The Caribbean islands of Antigua, Bahamas, Barbados, Bermuda, Haiti, and Trinidad and Tobago all have condominium housing arrangements

You can enjoy this food in the wonderful moonlight. Also, tourists usually have wonderful range of activities line up – from swimming, cycling, fishing and surfing to doing lounging around in the Sun.

Condominium sales normally shoot up during Christmas and New Year when there is a maximum influx of tourists to the Caribbean islands.

Condominium market will be an upsurge in the tiny and the multiple Caribbean islands in the upcoming months, despite the recession. Because, the prices of the condominiums have decreased substantially, this is a good opportunity for new investors with a little money.

Puerto Rico – the beautiful island located in the Atlantic Ocean has amazing stretches of beaches is popular with tourists from US, Canada and Europe.

For a tourist, visiting Puerto Rica for a vacation with his or her family for the summer, finding a condominium is the cheapest and most reasonably priced option compared to motels or hotels. The majority of the condominiums in Puerto Rica are centered in its capital city, San Juan.

Tourists throng Puerto Rico all throughout the year and get fascinated. As per a recent survey about 6 million tourists visit Puerto Rica annually and for them the condominium will be an excellent housing option.

With the more number of tourists is the raise in the number of condominium sale in Puerto Rica. The condominium accommodation is cheap and reasonably priced compared to any other form of accommodation including hotels or restaurants.

The principal reason for the sale of condominium in Puerto Rica is because the prices are at very affording one with the sale of the condominium ranging from 0,000 to 0,000.

The trade of the condominium is high in the area stretching between Condado and Isla Verde islands. The cost of the condos is also high in these parts because it is close to the ocean.

The sale of the condominium ownership in Puerto Rica dates back to 1958 when the Commonwealth of Puerto Rico passed a law that will allow the ownership of the condominium. Puerto Rico has the merit of being the first country to pass the ownership of condominium law in the world.

Would you believe that the condominium culture evolved from the Caribbean islands and spread to North America as well as the United States?

Touch base with the nation’s history as you settle comfortably in a condo in Baltimore. Get to feel being a resident of a precious heritage. Be a part of a vibrant community that makes the condominiums at Baltimore their home. Visit the famed National aquarium at Baltimore’s Inner Harbor or watch a live fast action baseball in Oriole Park at Camden Yards.

A lot of advantages await you when you own a condominium in Baltimore. Aside from living in the place where the Star Spangled Banner was born, your Baltimore condo will let you experience how it feels to be living in the City of Firsts. You get to enjoy the splendid rates the condominiums in Baltimore offer and get the same amenities with that of a high priced condo you find in other places.

You can look at the historic city spread out before you from one of the huge windows in your condominium in Baltimore. Get inside your condominium unit and marvel at the elegance of the hardwood foyer, highlighted by the soft light artfully designed to give you that pleasant look. Take a look at the gourmet kitchen, the baths and toilet, your bedroom and walk-in closet, all designed to give you that comfortable living experience you had always wanted.

Savor the different amenities that your Baltimore condominium has provided you like the swimming pool, recreation areas, and countless other amenities you only find in a great condominium. Take a moment to relax and meet some friends in the tastefully designed lobby of your Baltimore condo, and feel the friendliness that everyone accords you.

When considering to purchase homes for sale, we generally think first of single-family homes. There are many advantages, however, to condominiums that single-family homes for sale cannot give you.

According to the National Association of Realtors, condominiums are most popular for first-time homes for sale buyers, especially single women. Next, come retirees and empty nesters, who do not wish to have all the physical upkeep required by single-family homes for sale. Thus, condominiums make up an increasing share of the output of the top homebuilders across the nation, even with the decrease in homes for sale since the bubble deflated.

In addition to new condominiums being built, many apartment buildings, hotels office buildings, and even warehouses that have been vacant or partially filled are being converted into condominiums. These condominium homes for sale take less than a year to convert, with upgrades to the exterior and common areas. They add amenities to the interior; and in some, they add a pool, spa, gym and/or clubhouse to attract the upscale homes for sale buyers.

The best deals in condominium homes for sale are those in the process of being converted or built. You usually can purchase during construction/renovation at a 10-15 percent discount. Look carefully at the purchase contract, however, if the condominium is being converted from an apartment building. Ensure you will not be required to allow current renters to stay for a specified length of time.

A condominium homes for sale has many benefits. Like a single-family home, they appreciate in value and have the same tax advantages. Unlike a single-family homes for sale, your homeowner association and maintenance fees covers all major upkeep costs of common areas, landscaping and so on. Sometimes, several other amenities and benefits are covered, as well.

The capital city of the Republic of Indonesia – Jakarta, comprising Greater Jakarta, is a special territory enjoying the status of a province. Situated on the northern shores of West Java, Jakarta is the commercial and industrial center of Indonesia, apart from being the seat of both the national and regional government.

Due to its strategic location, Jakarta is considered the principal gateway to other parts of the country. Further, the city is well-linked by air, land, and sea. With its cultural richness and scores of attractions, covering state-of-the-art shopping centers and recreational complexes, Jakarta has, in recent years, developed into one of the most significant metropolitan centers in Asia.

Entertainment options are aplenty, ranging from discotheques and bars to cultural performances and films. Perhaps for these reasons, many foreigners, including westerners, prefer to stay here. Additionally, the cost of living in Jakarta is exceptionally low when compared to other Asian cities. For instance, comfortable small homes are available for rents as low as 00 per year.

A lot number of accommodation choices are available for those who prefer to stay in Jakarta/Indonesia, such as single detached homes, apartments, bungalows, luxury villas, and gated communities including flats. Despite these options, nowadays there is an increased demand for condominiums or condo units in Jakarta.

Condominiums in Jakarta are quite different from other conventional housing choices, as they provide an alternative lifestyle, particularly for those who want to be independent and have their own dwelling place, which at the same time is affordable as well as convenient. Mostly, condominiums units in Jakarta come attached with a host of peerless facilities, such as, guarded parking areas, round the clock security system, clubhouse, swimming pool, and more.

When renting a condominium anywhere in the country, look for one that is safe, secure, comfortable, and convenient. While looking at a condominium for rent, many people consider how nice the space is and how much it costs, but the safety features of the condominium and the complex itself are often overlooked. Many times, the shortfalls aren’t discovered until after a serious situation has occurred. In order for a building to be completely safe, the owner, property manager, and tenants must work together as a team to ensure a safe and happy rental experience.

General Safety Items

The law requires all condominiums for rent have safety equipment in good working condition that is correctly placed throughout the building. Smoke detectors are mandatory by law and need to be working at all times, regardless of the type of system in use. Carbon monoxide detectors are also mandatory by law in some areas when renting a condominium. Check with the local authorities to be certain, however, they are always a good idea. Other safety equipment, such as fire escape ladders, hoses, and extinguishers, should also be in place. These are not always required either, but all of these items should be in good working order if they are included.

Security Features

When renting a condominium, you should require safety lighting. The exterior of building, parking lots, and interior pathways to your front door should be lit well so you can identify hazards easily, including items you might trip over. This also helps to deter crime since it is easier to recognize danger and identify those committing crimes.