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how much is a condominium

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What Price Condo Can You Afford on Your Income? Before you step foot in an open house, you need to know how much condo you can afford. For example, if you make $50,000/year, you cannot afford a $300,000 condo, unless you have a secret trust fund. And even if you make $100k/year, a million dollar condo is way out of your league.

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How much does it cost to build a condominium? What does it cost to build a single, high-end condominium? There are a huge number of variables in such a question. For one thing, condos come as older buildings which have been rehabilitated, as two-story homes, and in buildings holding only one or two units each.

I am not happy with how much we are paying some of our vendors. An artist’s rendering shows the 12-unit condominium building at the proposed The Surfsedge at Indian River Shores development on.

Many condo buildings have what are known as “rental caps.” This is a limit, set by the condo board or HOA, that restricts the number of condos.

If you own a condominium, there’s one question you’re sure to ask early and often: "How much is my condo worth?" Whether you are looking to refinance your home or have decided that it’s finally.

With a condo purchase, the amount of down payment is between you and your lender. With a co-op purchase, however, there is a third party that has a say: the co-op’s board. A co-op’s bylaws may require you to put in a much higher down payment, perhaps 50%, and in some cases up to 100%.

Ep.13 Buy a condo in Hawaii, 2 bed 1 bath, ocean view, low monthly maintenance fee Let’s assume a 1,150 square foot condo is valued at $700,000, then the range for your dwelling coverage would be: 20% of your unit’s value, loan value, or appraisal value, or $140,000 ($700,000 x 0.2) $100 per square foot for regular and standard finishes, or $115,000 ($100 x 1,150)

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Learn about Louisville Condominiums for Sale in Louisville, kentucky. giving home buyers many exciting options, Louisville Condominiums attract buyers.

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Co-ops also have their own issues, very much like condos. You can avoid problems and save money by understanding exactly how your condo or co-op insurance works, how it relates to your association policy , and what your responsibilities will be if you have a claim.