The Benefits Of Living In Apartments

The Benefits Of Living In Apartments

Many people are surprised to learn that I, as a woman in her mid-fourties, am still choosing to live in apartments rather than buying my own home. I guess I understand the surprise since I am in fact a realtor. I have felt compelled to share many benefits to living in apartments.

I started living in apartments during my last few years of college and I have been living in apartment situations ever since. I guess I fell in love with apartments and I have had a hard time moving on. Call me crazy, but I love living in an apartment building and having neighbors all around me. I love knowing that there are people above, below and on the sides of me. I love knowing that I am surrounded by a community of people. Their is such a diversity in the people that live in my apartment building and I love this. It is, perhaps, the biggest reason that I cannot get enough of this kind of living. I have met people from all around the world just by going upstairs or downstairs in my apartment building and I have had the opportunity to build the best friendships of my life because of where I've lived.

My life is busy. Being a realtor in a large and busy city means that I have little time to relax and enjoy life outside of work. I know that many, many professionals know what I'm talking about. So another great thing about living in apartments is that it is such a low-maintenance place to live. I, for one, do not have enough time in my weeks to take care of the immense amount of upkeep that living in a home requires. So apartments are perfect for me because there is little to no maintenance to be handled in this kind of living. So if you're a busy professional or family that wants to spend life on things other than doing maintenance to a yard, then you should really consider living in apartments.

Another great benefit of living in apartments is that you have the freedom to get up and move at any time. So if you need a place to live for a few months or for just a few years, then you should consider apartment living over buying a house. The last thing you want is to be tied down to a home that you own when you are a person on the move. So consider apartments if you plan to be mobile in the months and years to come.

About the Author/Author Bio
Julee Mitchelsin is a realtor that sometimes encourages her busiest clients to opt for living in apartments. See www.allapartments.info for more details about apartments.
By Expert Author: Julee Mitchelsin
Article Source: http://www.articlesphere.com/

What Are Condo Hotels?

Orlando Leads The Nation In Condo Hotel Development,Orlando to Become World's Condo Hotel Capital,Condo hotels are fabulously-furnished condominiums located in luxury hotels**

Orlando Leads The Nation In Condo Hotel Development
Orlando has jumped to the forefront of condo hotel development with more projects in the works than any other U.S. city. While it wasn't first on the scene - that distinction belongs to Miami - it has certainly charged forward leaving other U.S. cities in the wake of its construction dust.

Orlando to Become World's Condo Hotel Capital
Over 25 different condo hotels are now being developed in Orlando and another five to 10 are in the planning stages.

The same qualities that made this dynamic city the timeshare capital of the world - amazing theme parks, fantastic weather, championship golf courses and world-class shopping -- are now helping Orlando capture the title of "condo hotel capital" as well.

What Are Condo Hotels?
Condo hotels are fabulously-furnished condominiums located in luxury hotels that offer a wide range of amenities from resort-style pools to full-service spas, fine-dining restaurants and concierge services.

Owners use their condos whenever they'd like. When not using their unit, they can place it in the hotel's rental program and receive a portion of the revenue it generates, usually about 50% although it varies by property.

Because the hotel is typically managed by a professional hospitality company like Hilton, Hyatt, Sonesta, Trump or Starwood, owners can feel confident that their vacation home is being well cared for and is being well marketed to potential guests.

Who's Buying Orlando Condo Hotels?
The condo hotel concept is popular in Orlando with families who want an exciting place to vacation with their kids, empty nesters and seniors who love golf and year-round good weather, and international buyers who want a U.S. vacation home but are wary of trying to manage and maintain a property from overseas.

In Orlando, estimates are that over 40 percent of the condo hotel units sold are to U.K. buyers, although German and Latin American buyers have also shown an affinity for the area.

How Much Do Orlando Condo Hotels Cost?
Orlando, more so than any other U.S. city, offers a wide range of condo hotels at various price points. The budget-minded consumer can find properties in the $100,000 to $200,000 range. Many of these condo hotels are actually conversions of existing hotels.

Middle-of-the-road properties are well-located usually within close range of the area's popular theme parks and offer a very comfortable vacation home in the $200,000 to $500,000 range.

At the very top-end of the scale are five-star, amenity-rich condo hotels that offer everything from on-site water parks to world-class golf courses to Las Vegas-style entertainment venues. Units at these condo hotels can cost from $500,000 to upwards of $1,000,000.

Are Condo Hotels Investments?
While condo hotels are primarily marketed as a lifestyle and vacation product, they are also real estate. In major vacation destinations like Orlando real estate appreciation has been significant and sustained for many years. People who buy a condo hotel unit in Orlando for that reason often do so as a means to diversify their portfolio and look forward to selling their property at a profit.

How Do You Choose the Right Orlando Condo Hotel for You?
Realtors who specialize in condo hotels and are personally familiar with the Orlando area can help you examine the pros and cons of each property on the market. They can help you compare amenities, locations, developers, management companies and appreciation potential.

Also, they can tip you off to new properties coming on the market, helping you to buy in the earliest stages of pre-construction when prices are lowest and unit selection is greatest.

About the Author/Author Bio
Bob Ostrander is a real estate broker with Condo Hotel Center. He specializes in the Orlando condo hotel market and has more than 25 years experience in franchise acquisition, development, marketing and operations management in the hospitality industry. Visit his website at http://www.CondoHotelCenter.com. Or contact him at Bob@CondoHotelCenter.com.
By Expert Author: Bob Ostrander
Article Source: http://www.articlesphere.com/

Condo Hotels, These Second Homes Rank First For Today's Busy Families

Condo Hotels, These Second Homes Rank First For Today's Busy Families
If home ownership was once the tangible evidence of success in America, today a vacation home is the quintessential symbol of truly having arrived. But with limited time to spend using and maintaining a vacation home, the perfect solution has been elusive.

Along comes the condo hotel, a new twist on the traditional vacation apartment or family beach house. These hassle-free, amenity-rich properties could be the ultimate second home for today's well-to-do.

"Condo hotels are designer-furnished condominium suites located in some of the most famous hotels and resorts around the country," explained Joel Greene, president of Condo Hotel Center, a national real estate firm that specializes in the sale of condo hotels.

"Owners have access to all the wonderful amenities of a luxury hotel like resort-style pools, upscale dining options, rejuvenating spas. They also get the benefit of all the hotel services like daily housekeeping, valet parking and a helpful on-site concierge, everything you could want when on vacation."

Owners of condo hotel units can use their vacation home when they'd like. When not in use, they don't have to be concerned with boarding it up or maintaining it. That's because an on-site hotel management company takes care of all operational issues, including finding hotel guests to rent the condos.

According to Greene, owners receive a share of the proceeds their unit generates, usually about 50%. He added that unit owners are more likely to receive a higher level of rental income by participating in the hotel's rental program rather than trying to rent out the condo themselves. "The hotel usually brings to the table a national affiliation, international marketing, a sophisticated reservation system, brand recognition and management expertise."

Many condo hotel owners say they can more easily justify the purchase of a condo hotel unit than a traditional vacation home. "I always hesitated to buy a second home in the past because I knew we could only use it a few weeks out of the year," explained Mindy Sullivan, who recently purchased a condo hotel unit in Orlando for her family. "A condo hotel was the perfect solution because whenever we're not there, the condo is rented out. The income it produces helps cover its costs."

Prices for condo hotel units range from $200,000 to upwards of $2,000,000 for five-star, ultra-luxurious homes. They usually include all furnishings and appliances as well as impressive design features like gourmet kitchens, luxurious bathrooms, marble tile and hardwood floors.

Condo hotel buyer, Dwight Torrence, said he always wanted a vacation home for his family but didn't want to contend with all the hassles he remembered seeing his parents face with their lake house when he was growing up.

"Even though we only used the lake house in the summer, it was a year-round burden. Burst pipes, rotting deck, fading paint, renters who didn't pay up - no thank you." Torrence said he didn't want the added chores and stress.

"When I learned that with a condo hotel, someone else handles all the work, I knew I'd found a solution that was right for me." Torrence just put a deposit on a condo hotel unit at New Oasis at Sea Mist Resort, a to-be-built condo hotel in Myrtle Beach.

Condo hotels are popping up in all sorts of appealing destinations like Miami Beach, Orlando, Las Vegas, Myrtle Beach and the Caribbean. "The concept started in Miami," Greene said, "but it's definitely catching on throughout the country. We're also seeing condo hotels appear in Canada, Europe and the Middle East. It is becoming a worldwide phenomenon."

In addition, buyers are coming from all over the world, not just the U.S. W International, a London-based company that markets condo hotels in Great Britain, finds that U.K. buyers are enchanted with the condo hotel concept.

According to Ann Adenius, president of W International, they welcome the opportunity to have a vacation home in the U.S. and have a particular affinity for Orlando, Florida. "Over 40 percent of the condo hotel units sold in Orlando last year were to U.K. buyers," she said. "When you think about it, a condo hotel is perfect for them. They want to go on holiday once or twice a year in the U.S. but do not want to deal with renters or maintaining their property from overseas the rest of the time," she said.

Most upscale condo hotels are operated by highly reputable hotel franchises like Hyatt, Hilton, Trump, Starwood, Sonesta and Ritz-Carlton that know how to cater to buyers with discerning taste and demanding requirements.

"When I go on vacation, I want to be pampered," explained Cherise Fuller who recently decided to purchase a unit at the W Las Vegas condo hotel. "I want to relax, not worry about housekeeping, cooking and what to do with the kids. A condo hotel is perfect. The kids can head to the pool. I'll go to the spa and fitness center. And my husband can hang out in the casino. There's something for everyone."

While having a home-away-from-home is the primary reason for purchasing a condo hotel, some buyers say they like the concept because of its appreciation potential. Places like Las Vegas, Orlando, Miami and Myrtle Beach have seen double-digit increases in real estate values in recent years. Many condo hotel owners in those areas are betting the surge in property appreciation will continue. When they sell their vacation homes, they're hoping to make a significant profit.

"I bought a condo hotel to diversify my portfolio," said John Alicia who purchased a unit at The Cube condo hotel in Dubai, a place he said he is not planning to spend his vacations. "I was able to buy a five-star condo hotel for under $300,000. I'm looking forward to seeing decent annual returns and an increase in value when I'm ready to sell, probably in a few years."

Now Alicia, who lives in California, says he's looking for another condo hotel to buy. But this one will be in the U.S., one he's likely to use as a family vacation home as well as an investment.

"I've shied away from real estate in the past because I didn't want to be a landlord and take on all the responsibilities that come with it. The way I see it, a condo hotel gives you all the perks of ownership -- a nice place to vacation, rent revenue, and appreciation potential -- without any of the problems."

About the Author/Author Bio
Maria Lopez is a sales agent with Condo Hotel Center, a real estate brokerage that specializes in condo hotels. Go to http://www.CondoHotelCenter.com to view condo hotel property listings and subscribe to the FREE Condo Hotel Property Alert newsletter. Contact: info@CondoHotelCenter.com
By Expert Author: Maria Lopez
Article Source: http://www.articlesphere.com/

Embarrassingly Simple Secrets to Buying a Condominium You Will Love

Embarrassingly Simple Secrets to Buying a Condominium You Will Love!
By Expert Author: Don Glasgow

Owning a Condominium can be an, affordable substitute for owning a home, if you buy right.

I live in a condominium now and I am also the president of the homeowners association at that condominium complex. I have owned five different condos since 1992 and I am very aware of the good and the bad when it comes to condominium life.

A condominium differs from townhome, in that, with a condo you will usually have a neighbor living above or below you. You will also have a neighbor living on one or both sides of you.

When you buy your condo, you want to make sure that, when you go to sell, the condo will be easy to sell. An easy to sell, "premium" condo will probably sell for a profit to you.

A premium condo may cost a few thousand dollars more than similar condos in the same complex or area, but this type of condominium will be worth it in the long run.

If I was buying another condominium, there are several important criteria that I would consider in my search:

Location, Location, Location, Part 1:
Condos have a tendency to be built near busy streets. This isn't always to case, but frequently is. When looking at a complex, you want to buy a condo as far away from the traffic as possible, preferably with a building or two blocking the noise.

Location, Location, Location, Part 2:
I recommend that you buy a condo on the top floor. In a condominium the worst cause of noise comes from having neighbors moving around above you. You can eliminate this by purchasing a top floor unit. The condo I live in now is on the top floor and I almost never hear my neighbors.

Location, Location, Location, Part 3:
If possible try to buy a condo with a view of something pleasing. My top floor condo has a great view of the pool. The windows were design to accent this view. Other condos in our complex have a view of the golf course. But, some of the condos have a view of the parking lot. Ugg. Who wants to look out onto a parking lot?

I have owned another condo that looked out over a park and another that had great views of the mountains. I lost money on the condo I owned that didn't have a good view.

Renters:
You will want to know how many of the condos in the complex are non-owner occupied (rented). You can get this information from the president of the HOA.

If there are more than 40% of the units being used as rentals, your ability to get a mortgage will be limited. Mortgage companies call condominium complexes with too many renters "non-warrantable". Non-warrantable = higher risk for the mortgage companies = no mortgages for condo buyers.

The other problems with having too many renters in a condominium complex are that you will encounter more domestic problems, vandalism, police visits, etc. With your home being your sanctuary after a hard day at work, you don't need these disturbances violating your peace and quiet.

The Homeowners Association:
The Homeowners Association (HOA) is actually 99.9% of the time a good thing. They pay the bills, take card of the grounds and building maintenance, and insure that your home is the "peaceful sanctuary" you need, among other things. These services are paid for out of your monthly dues.

The thing to be careful with here is to make sure that the HOA has enough money saved to pay for expensive maintenance (called Capital Improvements). Capital improvements would include painting the buildings, roof repair or replacement, parking lot repairs, etc. Without sufficient funds in savings, the HOA will be forced to ask for special assessments if they run into an expensive unexpected repair on the property. A special assessment is a request for additional funds from the homeowners over and above the monthly dues, usually a large lump sum. Who needs this hassle?

You can ask the condominium seller or HOA president for the HOA budget figures. If the HOA only has a small amount of money in their savings account, beware! There should be an amount equal to at least three months worth of dues/ per unit in savings. Six months would be better. Any more than six months dues are proof that the HOA board has been fiscally responsible. This is a wonderful discovery, rarer than you might believe.

Four times out of five, I have made money when I sold a condo that I owned. If I was careful about location, renters, and the HOA, I have profited from the sale. I can recommend condominium living as a good, inexpensive, hassle-free way of life.

About the Author/Author Bio
Don Glasgow has been selling real estate in St. George, Utah since 1999. Don lives in, and is president of Tamarack Condominiums in Bloomington Hills, which is just south of the city of St. George.

How To Sell Your Condo Fast in Las Vegas

How To Sell Your Condo Fast in Las Vegas,repare the condo for sale,Understand the market,Timing properly the decision to sell your Las Vegas condominium is very important.....

How To Sell Your Condo Fast in Las Vegas
This article will provide you with tips and information on how to sell your condo as quickly as possible. A condo is a type of joint ownership of real property in which portions of the property are commonly owned and other portions are individually owned. Known as "Sin City," or "The City in the Desert," Las Vegas is the place to live out fantasies, catch a show, do some shopping and, of course, gamble. Las Vegas condos are in high demand. The condominiums are increasing in popularity, because they have a very attractive price/value ratio. When you are in the Las Vegas real estate market with the idea of selling your townhouse, have in mind that the average cost of a condominium is $195,000.

Here are some steps to use as a guide in the process of selling your condo:
1) Prepare the condo for sale
Clean it, wash the windows, remove all the unnecessary objects, repaint it if you have to, if needed change the furniture to make it more appealing.

2) Understand the market
In order for you to sell your condo quicker, you should first have a good understanding of the Las Vegas real estate market. Consider the area where the home is located and the features that make it different from the others, try focusing on the advantages that come with it.

3) Timing is everything
Timing properly the decision to sell your Las Vegas condominium is very important. The thing is that when you need to sell your condo quickly, you have less flexibility, because of the restricted amount of time that you have. Obviously, when you do not rush the deal, you can sit back and wait for a buyer to make an irresistible deal.

4) Get a real estate attorney
After researching the market and considering the neighborhood where the condo is located, the next thing to do is to find a real estate attorney or a title / escrow company to help with the legal details.

5) Estimate the asking price
The next step is to estimate the price. This can be done by contacting a real estate agent or a broker to provide you with a CMA otherwise known as a comparative market analysis of your condominium.

6) Spread the news
After doing that, you need to start spreading the news. There are a lot of websites where you can submit your Las Vegas condo for sale. You can also do it through a real estate broker. When you want to sell your home as fast as possible, naturally you do not want to waste your time with people that will not make a serious offer. You need qualified buyers and one of the best ways is to have them referred by your mortgage broker/lender.

7) The MLS
If you follow all these steps, but still you have not been able to make the deal go for the MLS option. As a private party, you can list your home with the Las Vegas multiple listing service. Because this automatically exposes your offer to thousands of potential prospects all over the country, you should be able to sell your condo in a very short amount of time. The disadvantage of this method is that you will have to pay a seller's fee to a real estate agent.

When selling your condo, have in mind that the Las Vegas town homes for sale are mostly purchased by young professionals, empty-nesters and working families. The Las Vegas real estate business is flying high as of now, more than ever people are interested in the convenience offered by the condominiums. So you have a lot of potential buyers out there. Because of the boom in this business and the future of this city is appearing to be really exciting, you can be sure that there will be a lot of people willing to do business with you.

About the Author/Author Bio
Complete resources for selling your Las Vegas condo as fast as possible can be found here: Best Las Vegas Condos. Don't miss out on this great opportunity to sell your condominium!
By Expert Author: Dave Badger
Article Source: http://www.articlesphere.com/

Defining Condos

Condominium's look much like an apartment complex... The difference between condo's and home ownership,Condo's provide a way to own your own dwelling, but without the hassle of having to maintain the outside area.

Defining Condos
Condominium's may be a confusing concept to some people. Condo's represent a housing option that takes the step between apartment dwelling and home ownership. Condo's, like apartments or home ownership, come both their good and bad things.

Condominium's look much like an apartment complex. There are multiple units and they can be either townhouses or one floor. The difference between apartments and condo's is that a condo is owned. The owner gets a title to the unit. The difference between condo's and home ownership is that with condo ownership the owner only owns the actual condo, not the land. The whole group of condominium owners in a complex owner partial title in the common areas, like hallways, swimming pools and roofs.

Condo's are managed by a property owners' association. This association rules many things. Condo owners must pay a fee to the association which is used to maintain common areas. The association also manages what condo owners can and can not do. For example, a condo owner can do what they like inside their unit, like paint, but the outside is ruled by the association. In most cases there are rules that forbid alterations to the outside of the units. An association provides everyone with an opportunity to speak their mind at a scheduled meeting, however, final rulings are made by the association.

Condo's provide a way to own your own dwelling, but without the hassle of having to maintain the outside area. Like apartment living, though, condo owners are somewhat limited with their freedoms regarding the outside of their condo. You should understand what you can and can not do before signing a contract. You should also look at your other options and see if an apartment or a house might suit your needs better. Getting to know about the condominium complex before moving in is probably the best bet to ensuring you will be happy with your decision.

About the Author/Author Bio
Stephen Kreutzer is a freelance publisher based in Cupertino, California. He publishes articles and reports in various ezines and provides condo resources on Condo Central.
By Expert Author: Stephen Kreutzer
Article Source: http://www.articlesphere.com/

Condo in Jackson

Condo in Jackson**Jackson is the center of Banking and Finance in the State of Mississippi. The discovery of natural gas resulted Jackson's economic growth...

Condo in Jackson
Mississippi's capital city, Jackson has been voted one of the most ideal cities in America for several times. It is a nice, warm southern state with pleasant weather and interesting attractions like Dixie National Rodeo, excellent golfing, metropolitan areas, and awesome outdoor adventures. That's why the state has more and more visitors every year. It has a special mixture of small community life and city life. In general terms, living is easy, people are friendly here.

Mississippi's commercial real estate market has improved substantially in the past few decades and growing rapidly. It has areas suitable for business investment and also very peaceful, livable places. The city seems to be a good place to operate business, and have nice new developments. Actually, Jackson is the center of Banking and Finance in the State of Mississippi. The discovery of natural gas resulted Jackson's economic growth. The city is also an important educational and medical center.

The condo trend's expanding to Jackson. People tend to choose condo living by many reasons such as more comfortable conditions, better security, relatively more developed social life and essentially, an uncomplicated way of living. Owning a condo may be more costly than owning a traditional home. It is recommended to ask a real estate professional to help and read the condo ownership contract thoroughly before buying a condo. Condos provide different features and facilities so costs show significant differences. It is important to clarify what features do we expect, maybe take notes. It's also a good idea to check the condo ourselves, get as much information as we can and ask other owners, too.

About the Author/Author Bio
You can find more information about "Mississippi Property Listings" at www.mississippionsale.com .
By Expert Author: Roberto Bell
Article Source: http://www.articlesphere.com/

Getting the Best Condo For the Buck

Getting the Best Condo For the Buck,New Building ,Association Fees ,Your Neighborhood...

Getting the Best Condo For the Buck
Over the past generation, condominium living has been catching on. As seniors traded in family homes for condos and as today's baby boomers downsize to free up important time, condos are growing in popularity and prices continue to strengthen in many markets. Not all condos are the same even in similar markets so finding the best condo for your money is essential. Read on and we shall explore what makes the ideal condo for savvy buyers.

New Building - There is nothing wrong with a condo that is old, but a new condo will have no of the maintenance trouble that an old building will have. You will get the latest, state of the art industry safety requirements with your condo, new fixtures and appliances, and probably a new pool and/or tennis court. Older communities face greater maintenance costs which impact the next category:

Association Fees - Living in a historic building can be a fabulous way to experience history first hand. It can also be downright expensive! Replacing older windows, a boiler, fixing stairs, redoing the roof, repairing the fa made, can and will add to your monthly association costs. Ask many New York City condo dwellers what they pay per month in maintenance fees and you will quickly see that this amount translates into what many pay per month for their apartment! With a newer facility, none of these issues surface. In fact, with new facilities you'll have the lower payments and more up to date amenities.

Your Neighborhood - Unless your new condo is on a vacant city lot, chances are it was built upon previously uninhabited land. No issues of soil reclamation to worry about - oh, is that lead in the soil? - and no infrastructure that had to be built to conform to onerous city regulations. With a self contained community, your condo will be better able to express the designer's attributes instead of conforming to overreaching neighborhood demands.

In some markets, condo prices are far lower than homes in part because of the saturation of available homes in the area. However, if you live in an area where the housing market is tight, you can expect to pay a premium for a new condo as well as to fetch a mint if you were to sell your condo. Thus, considering for the long term is imperative when selecting the right condo to buy no matter where you choose to live.

About the Author/Author Bio
Joseph is the proud owner of Money Portal, a website that will explain everything you need to know about Investing your money. We invite you to visit our site today and see what we have to offer.
By Expert Author: Joseph Hanoa
Article Source: http://www.articlesphere.com/

Surrey Condominium, What Are You Buying?

Surrey Condominium,Common property elements generally includes walkways, driveways, lawns and gardens, lobbies,...

Surrey Condominium, What Are You Buying?
When people purchase a condo as their home or investment they must consider several factors. A condominium will not suite everyone. A condo involves not only individual ownership within the unit but also ownership of the unit's shared property or "common property". I'm referring to condominiums and not townhouses, mobiles homes or houses. Your unit should be individually owned in a freehold or leasehold format. Freehold generally means you own the title to the property. However, leasehold means that you don't have any ownership rights to the land only the leasing rights. The rest of the property includes common property. Common property elements generally includes walkways, driveways, lawns and gardens, lobbies, elevators, parking areas, recreational facilities, storage areas, laundry rooms, stairways, plumbing, electrical systems to run the building. You may encounter limited common property elements that only specific owners have access to. For example: Parking, storage lockers, roof gardens, balconies, patios and front/back yards. This refers to all condo's in the Greater Vancouver Area and Fraser Valley area including: Abbotsford, Chilliwack, Mission, Langley, Burnaby, Richmond, New West, Maple Ridge, Coquitlam, White Rock and Surrey. Condominiums could be in a high rise apartment building, a three to five story new mid rise building, or a converted older building that my have been used as rental apartments.

Whichever condo you choose, make sure your enjoying the maximum usage of the land while creating attractive selling features. Some examples to look for in buying a condo are as follows:
(i) Does it have an attractive view?
(ii) Do you have a private drive way?
(iii) What kind of Common Recreational facilities are there?
Swimming pool? Hot Tub? Tennis Court Saunas? Playground?

The purpose for these amenities is to of course increase your overall standard of living. However, be ware of the monthly maintenance fee. More often then not you'll be stuck with a larger bill to maintain the pool, hot tub or sauna. It might be wise to stay clear from these types of condo's. This does not include recreational or vocational properties. These properties thrive on having extra amenities to demand the higher rents. Consider all angles before being committed. There are always some classic pitfalls that investors fall into. Whether your investing in a condo, apartment, townhouse or an actual house with acreage.

You need to understand the most common pitfalls.
1. The investor does not understand the real estate market in their area. We're referring of course to: The Greater Vancouver Area, Richmond, Surrey, Coquitlam, Burnaby, New West, Maple Ridge, Langley, Burnaby. We should also include Abbotsford, Mission and Chilliwack.

2. Not having a clear understanding of personal and financial needs.

3. Not having a clear focus on a realistic real estate investment plan with strategies and priorities in the given area.

4. Not doing thorough market research and comparison shopping before making the investment

5. Not obtaining and reviewing all the necessary documentation appropriate for a given property before making a final decision to buy.

6. Not independently verifying financial information beforehand.

7. Not selecting an experienced realtor with experience in the type of real estate and geographic location you are considering.

8. Sometimes the investor does not do financial calculations beforehand.

9. Not buying at the current "fair market prices".

10. And perhaps the most important, decisions are to be made with an objective assessment and not an emotional one!

About the Author/Author Bio
Our rental network helps to find quality homes, apartments or vacation rentals in Canada's Fraser Valley area. Visit the website RentSurrey.com for more information on Fraser Valley Homes and Apartments for Sale or Rent.
By Expert Author: Thomas Berten
Article Source: http://www.articlesphere.com/