The Riverhouse- 1 River Terrace- Luxury condominium for sale in Manhattan

The Riverhouse , at 1 River Terrace in Battery Park city, is among the greenest luxury apartment buildings in Manhattan, there is however more to this remarkable Manhattan luxury apartment than LEED Gold supportability. Few NYC luxury condos can compare to The Riverhouse ‘s pace-setting mixture of class and potency, and the uninterrupted mix of LEED Gold efficiency and conventional Manhattan luxury has made The Riverhouse one of the most up to date luxury condo lists in Battery Park city. The houses for sale at The Riverhouse offer everything Residents of New York expect from a Manhattan new luxury condo, from spacious floor plans to striking Stream viewpoints, from up-to-the-minute appliances and finishes to luxurious comforts. What sets The Riverhouse except for other Manhattan luxury apartment lists is that it offers all that alongside a handful of energy-saving virility features. The Riverhouse’s unique comforts, which range all the way from a children’s playroom to an ultra-modern fitness facility to a residents-only treehouse ( essentially ), stand as further evidence that, at The Riverhouse, living sustainably does not have to mean sacrificing luxury.

The luxurious apartments for sale at The Riverhouse list among the most sublime flats in lower Manhattan even before their numerous viable features are factured in. Respected designer David Rockwell consulted on the planning of The Riverhouse’s luxury condos for sale, and his steady touch and awareness of detail is clear in every aspect. Kitchens feature sustainably sourced teak cabinetry and state-of-the-art appliances, from Sub-Zero refrigerators and Thermador ranges to Energy Star Miele dishwashers and washer / dryers. Energy-efficient windows offer surprising city points of view, while The Riverhouse’s building-wide air cleaning system and a bunch of built in efficiencies in each unit make sure that the luxury condos for sale at The Riverhouse are as green as NYC luxury condos get. What makes the living experience at The Riverhouse so exceptional, though, is this luxury luxury condo building is equally as lush as it is viable. The expected full-service facilities are all in effect including on-site parking and 20 four hour concierge and doorman, but The Riverhouse also offers facilities that go over and above even what NYC dwellers expect from a luxury luxury condominium in Battery Park city. These include a children’s playroom, landscaped roof terrace, media refrectory, fitness center with indoor pool, nice Yoga studio, round the clock access to an “eco-luxury auto service,” dog spa, and that previously discussed treehouse.

The Riverhouse has outwardly thought of everything and missed nothing, and its mix of supportability and full service luxury makes these studios for sale some of the most desirable luxury condominium lists in lower Manhattan.

Condominium Routine Maintenance

We all know from my first posts that one of many benefits of owning and living in a condominium may be the cozy dwelling along with the fact that every unit proprietor does not should do home performs which might be often seasoned in a single-family property device residing such as restoring the roof, cleaning the garden along with the aspect stroll with the residence, cleaning the pool, and plenty of others. So, who does this house performs if not you?

Living in a condominium differs from that residing in an apartment. Residing during this sort of true estate property, you obtain to benefit from the typical areas it offers. Examples are the swimming pool, health club, gathers space and also a tennis court. In contrast to should you get other true estate house this sort of as apartment which can be a single-family unit, you’ll discover that it really is costly to have your own personal locations just like the formerly talked about.

To maintain the cozy residing, every single unit operator pays monthly. This monthly charge can be a payment for your routine maintenance and utility expenses that happen to be decrease than people expenses compensated for other real estate homes.

As said during the prior paragraph, a unit proprietor pays a monthly fee which money is utilized to the servicing with the typical locations, and to pay out every person inside the constructing which was hired for upkeep and protection work opportunities. They had been employed with the administration from the creating, or perhaps the head from the affiliation of condominium proprietors. Generally, this association takes care with the total within upkeep in the constructing and its floor. Condominium properties have distinct affiliation terms so it is essential for anyone who’s considering buying a condominium to get a clear concept of precisely what will or will not be coated ahead of producing a purchase.

Mostly people who’re dwelling in condominiums are classified as the kinds who don’t like common servicing associated with home ownership. It really is possibly because of their active way of life they don’t possess the time for you to do home upkeep performs. The good news is, they got other individuals to do operates for them, additionally, as being a unit member, you might be not the only real a single to pay for to the utility and servicing charges, it really is every single unit owner’s responsibility to pay for for your servicing from the typical places and almost everything in the building that worries each one of them like the security personnel who supplies defense and security from any achievable damage that could originate from the beyond the creating.

Buying A Leasehold Condominium In Thailand

Foreigners may under the Condominium Act own up to 49% of the units (in floor space) in a condominium complex in Thailand. The remaining 51% of the units must be owned by Thai nationals.

In the Thailand resort areas such as Phuket and Pattaya condo developments and sales are primarily aimed at foreigners. The 49% freehold units in a condo project are the first units to sell, but the remaining 51% units in the Thai side of the condominium are tough to sell. There is no interest from Thai nationals in these tourist resort condos and the remaining condo are often sold under a leasehold to foreigners. In the end part of the condominium will be owned freehold and leasehold by foreigners.

Buying a leasehold condo in Thailand

Whether you buy a condo leasehold or freehold the purchase price remains the same and foreigners often buy leasehold condominiums in Thailand because the leasehold contracts suggest more rights for the leasehold purchaser than is guaranteed and possible under Thai law. Foreigners often do not understand the concept of lease in Thailand.

What is leasehold in Thailand

What a foreigner pays for when he is buys a leasehold condominium is actually rental for up to 30 years. The leasehold contract is and must be read as a rental contract and is governed by the section hire of property in the Civil and Commercial Code. The foreign leasehold purchaser of a condo enters into a tenant-landlord or hirer- lessor relationship, often with the developer of the condominium as the landlord.

As a rental contract the foreigner must consider the following under Thai law:

Voting rights in the condominium juristic person associated with ownership remain with the owner of the unit and not with the leasehold purchaser. If a large part of the condominium is sold under lease contracts the developer of the condo will have a large part of the voting right and control in matters like condo management. Considering that most condos are managed by the developer’s management company common complaints relate to high maintenance and management fees. The selling of leasehold condos disturbs the democratic voting right system in a condominium.

Selling a leasehold condo down the road

As leasehold is a rental, and by law the leasehold purchaser does not have any rights or authority to sell or assign the leased condo. The buyer of a leasehold condo is a tenant and only has the exclusive right of possession of the condo for the term in the lease agreement. The only person with the right to sell the condo is the registered owner and assignment of the lease can only be done by the landlord/owner.

Sub-rent of the condo
A leasehold owner is only allowed to sub-rent the condo if this is agreed in the condominium lease contract. Otherwise the law stipulate that sub-rent is not allowed.

Inheritance of a condo in Thailand

Even though the Thailand Condominium Act in section 19 does not automatically qualify the heirs of a freehold owner for registration of ownership, freehold owners can pass on a condominium by inheritance to another foreigner.

A leasehold of a condominium is a rental and based on Supreme Court ruling this type of contract is terminated upon death of the tenant/ lessee party of the agreement. The lessee or tenant is an essential element of the agreement and under contract law this type of contract is terminated upon death of the lessee. The remaining term of the lease agreement will not pass on to the heirs of the condo. The lease agreement could include a succession clause however this does not offer any guarantee that the remaining lease term is also registered by the owner in the names of the heirs.

Transfer of ownership of the condominium does not break rent under Thai law, death of the lessee does!

Renewal options in the contract

Most foreigners who buy a leasehold condo are mislead by the term of the lease contract created by renewal options. Under present Thai law the renewal option is nothing more than a promise to renew the lease upon expiration of the first registered term after 30 year. Such a promise to renew has only effect between the parties to the contract. Should the lessee die or should the owner die or transfer ownership this contract option is lost. As confirmed by Supreme Court rulings a renewal option has no effect against third parties and do not transfer by law to any transferee owner.

Right to transfer to freehold

Like the renewal option this is a contract right between the parties only. It could be impossible or difficult to enforce. It is not a guaranteed right or option.

Term of the condominium lease contract

Any lease agreement in Thailand cannot exceed 30 years. Any longer term will be reduced to 30 years. The 30 year lease is not a fixed asset, it is a rental contract. As a contract it can be terminated prior to the expiration of the 30 year term, for example breach of contract by the tenant lessee or death of the lessee.

Taxes

As opposed to freehold condos rental or leasehold condos are subject to a rental tax of 12.5% over the actual yearly lease price or annual assessed lease price. This is often passed on in the lease contract to the leasehold buyer.

Before entering into a leasehold purchase of a condominium foreigners should consider the rights associated with lease in Thailand. Some matters can be anticipated if properly included in the contract, some rights included in the contract are not guaranteed and the relation with the owner remains a tenant/ landlord relationship.

How to Get the Right Miami Condominium for You

The city of Miami has plenty to offer such as its pristine beaches and warm weather. Actually, there are lots of people who love to visit the city in order to explore the beauty of it.

But there are also lots of people who are not satisfied with just visiting the city, they prefer to stay and have they very own home in Miami. There are different properties or homes that you can purchase in Miami real estate such as beachfront house. There are plenty of people who have homes with a beachfront. Actually, it is an excellent choice since you will have a perfect view, near the beach so you can easily enjoy the beach, white sand and the weather.

These houses are either sold or being sold with large amount of money. But if you have the guts, why not have one. There is another alternative if you realy want to stay and live in Miami, and this is buying a condominium.

If you are looking for a condo in Miami, you have plenty of options to choose from. So it is best to allot few of your time in finding the right condo for you. Of course, there are certain features that you want in a place to stay, so jot them down and look for condo that can fit your criteria.

Since there are options to choose from, find the one that can attract you. When choosing a condo, you have look at the place do you like it, does it comfortable enough for you, it the place safe enough, does it pleases you, these are few of the questions that you need to answer while seeking for the condo that you want.

If it is your first time in Miami real estate, hiring a real estate agent is a good option. Of course, you need someone to assist and guide you; the realtor can do that for you. But you have to hire the right one. Assign some of your time in seeking the right realtor, ask your family or friends for recommendations, they may have worked with a realtor before that gave them satisfaction.

The realtor knows the factors that you should look up into in finding the right condo. It is not only the physical aspect that you should check out. The other factor to check out is the services that they can provide you and their other tenants. These services that they should provide are cleaning services, laundry services, maintenance services, repair services, and so on.

You may have been satisfied with the physical aspect and the services they provide, but there is still one thing that you should check out, this is the rules and regulations of the building. So it is best to check everything first before you buy a condo with them, you have to make sure that you can abide with the rules and regulations.

The last factor that you should look into is the price. You may like the physical aspect, love the services they provide, you can abide with the rules and regulations but can you afford to buy it. This is why settling your finances first are important. If you have the means to have it, then enjoy your condo unit at Miami real estate.

Condominium & HOA Management – Association Management

How a condo is managed can quickly determine its success or failure. While many small condominiums can be self-managed, it is almost a necessity for medium to large-sized condos to hire an outside HOA management company to handle the responsibilities. Cost and time are the two most influential factors all associations will consider when deciding upon the style of HOA management, whether it be through HOA property management or self-management.

The number of units in the condominium will be the main determinant of the cost for what style of management will be implemented. Generally speaking, the majority of professional property management companies will not manage a building with fewer than twenty units because it is simply not cost-effective for them. It is also not cost-effective for a small building because they generally have limited operating budgets.

A positive aspect of HOA management companies is their solid relationships with vendors and legal firms in the event an issue with HOA laws arises. These relationships mean that vendors and law firms will make every effort to provide great service. The vendors know they will be paid on time by a stable management firm, and this will translate to repeat business. A self-managed condo association typically does not have that kind of pull with service providers.

When condos choose self-management, however, things do tend to get accomplished just as well as when handled by professional homeowners association management. When the owners have a personal stake in the success of the association, things tend to function well. Self-management of a condo also creates a sense of community for the owners. It is quite possible for owners to work together effectively when operating procedures are established and duties are delegated in a fair and consistent manner. Subsequently, a strong sense of accomplishment will be felt among the members when the tasks are accomplished through a concerted team effort.

Self-management should only be entertained when there are owners available who have not only plenty of time available to them, but also the broad range of knowledge required to address a variety of condo management issues all the way from finances to maintenance issues. The cost of correcting errors made due to poor management skills can quickly exceed the cost of simply allowing a professional to perform the job.

Of course, HOA property management companies can also be quite expensive, and a company may not always choose the most cost effective methods of getting something done. The vast majority of homeowners association management companies are conscientious about adhering to high standards of quality, but they will generally not be as particular about decision-making as the owners will be since they have no personal vested interest in the property. Furthermore, outside HOA property management may not be as receptive to concerns or observant of problems when they arise, and they may very well ignore certain issues that an owner would catch.

Condominium Boards Can Kill Your Resale Value

A blind man knows when the sun is shining, and even a casual observer can spot a poorly operated condominium association. A lax set of rules and regulations, perceptually poor upkeep, higher than usual percentage of rentals, restrictive pet policies, and an overall lack of cache all can negatively effect an association and may be harmful to the resale value of any given condominium within the association.

The status quo of any existing association can be difficult to overturn, but often is the first step necessary in the process of making-over a condo association. Often, new board members, rules and regulations, and budgets need to be reviewed and implemented. Money must be spent for capital improvements on an ongoing basis. Condominium buildings are like cars, fine clothes, and offspring- they all need constant upkeep for optimal performance It would be reasonable to assume that Mr.Condo Neglect has the direct phone number to Mr. Lower Resale Values- and probably has him on speed-dial.

In addition, a new outside management company can be a breath of fresh air for an existing condominium association. A new set of eyes on the management of expenses, reviewing the cost of various amenities, actively pursuing delinquent accounts, and getting new bids on big ticket items like the master insurance policy can help strengthen the effectiveness of many condo associations.

Upgrading common elements is always essential to maintaining or recapturing the cache of any given condominium building. Curb appeal, and the impressions made by some of the common elements of any give condo association do indeed set a tone, and reflect upon a buyers perception. Often times, buyers have made up their mind as to whether or not they are interested in a condominium unit, prior to even stepping foot in that unit. In many cases, you can indeed judge a book by its cover. Old for Old Sake can indeed be a strong attraction to many buyers (think Pre-War Condos), but that old had better be in tip top shape, and those decisions are made by the condo board.

A lax condominium board that doesnt enforce rules, regulations, or have a system in place to limit the ratio of tenants to owners can indeed wreak havoc on the values of condos within that association. And from time to time, that association needs to review policies that best fits the needs and goals of condo owners. Condominium associations do indeed play a role in the value of its units, and many perspective buyers will take a good hard look at how any given association is operating in order to assess the value, or lack thereof for the condo being considered.

Drawbacks Of Buying A Condominium Over A House

Which is the best? Buying a house or a condo unit? Buying houses is one of the main goals of starting a Filipino family. But other than houses, condominiums have become a rather popular Philippines properties for sale nowadays. This is mainly because unlike buying a house (which could cost millions), buying a condo unit is far more convenient as well as cheaper for Filipino families that are just starting out. But there are several disadvantages of buying a condo unit Philippines properties for sale compared to actually buying a house.

Drawbacks of Buying a Condominium Over a House

Condos or condominiums became popular Philippines properties for sale mainly because of its affordability compared to buying a whole house (although some condo units are far more expensive that buying a house). Newly weds could easily start their own family in a condominium practically because of its advantages including its maintainability as well as amenities that one could not otherwise afford, such as swimming pools or tennis courts, to community centers with with exercise rooms and much more. However, there are some details about owning a condominium that makes it inferior to owning their own house. These include:

* Monthly Fees
o Aside from electric and water bills, condominiums, especially those with homeowner’s association, would usually require every tenant to pay a monthly fee. This monthly fee is commonly used for the maintenance of the whole condominium as well as wages for security personnel.
* Restrictions
o Most condominiums across the Philippines, as well as those overseas, are usually governed by several rules, codes and restrictions. Though most of these rules are reasonable, some can be defined as very restrictive. This usually includes setting a minimum number of tenants living in one condo unit, age limit, pet restrictions, remodeling of the unit, as well as parking restrictions.
* Less Privacy
o Communal living is not always desirable for some people and the noise level generated by living in close proximity to others can influence some buyers to simply look elsewhere. Usually, the biggest concern is about parking for the owners and for their guests. However, many condominiums are being designed with their own garages and have common parking areas available for guests.
* Unsuitable for bigger families
o Condo units are more suitable for use of small families, usually involving 3 tenants, the couple and their child. But bigger families, such as having more than just the couple as well as more than one offspring, wouldn’t be suitable for a condo unit. This is because condominiums are usually smaller (although there are bigger condominiums) compared to houses, making it unsuitable for growing children as well as for extended families.

The Importance Of Lighting Retrofits In Condominium Associations

Now days, the upcoming condominiums are opting for better lighting solutions and are now using the LED lighting for the condos. Many of the existing condominium associations are also opting for LED retrofits and are using them for their own condos. They are opting for LED lighting retrofits and are thus replacing the existing lights with them.

The importance of lighting retrofitting in Condominium associations is that that the LED lights are more energy efficient than any other lights. One can use the LED lights in the condos and surely notice the reduction in electricity bills. Another factor that makes LED retrofits a better choice is that using them in the condos can increase the value of the condos and help one get greener homes.

The LED bulbs are considered as one of the most environment-friendly lighting solutions as it does not emit carbon dioxide. Using these in the condos can help us reduce our carbon footprint and can help save trees. This is very important for the environment as the increasing level of carbon dioxide is posing a threat to earth.

The LED lighting retrofits can help one save a lot of money as well. These can be used in hallways, for outdoor lightings and at any part of the condominium association. Since the LED bulbs use less energy without compromising on the illumination, the condominium associations can look forward to reduced electricity bills.

When we use the normal bulbs in condos then the heat from them leads to increased air conditioning cost also. But when we switch to LED lights then we can stop worrying about the extra air conditioning costs. This is because the LED bulbs do not emit heat and therefore helps to maintain the temperature of the room or the condos. With these lighting solutions one can also forget about lead release and use them for outdoor lighting, office lighting and at various other places. Thus the lighting retrofits can turn out to be very useful and important in condominium association.

Different kinds of condos lighting are available for the condominium associations. These also come along with dimmers so that you can control the lights according to time. The different options that are available to you include accent lights, monorail lighting, recessed lighting and other solutions that can be used in your home.

When it comes to dealing with the installation charges then one can look for companies that offer flexible retrofitting programs. For instance, Energy smart Industry which deals in lighting retrofits, offers good LED retrofit program which allows the buyers to get the LED bulbs at zero out of pocket expense. Under their program the retrofitting is done at no extra cost and the company then collects its payment through the saving one makes on his electricity bill.

Special maintenance program, customize lighting solutions are some of the other features that are provided by such companies. It makes it easy for people to turn their condos and building into green buildings and take a step towards conserving energy.

Experiences In Living In A Condominium

Thinking of living in a condominium unit? But before buying a condo unit, have you ever asked if what kind of experience would you expect in living in a condominium? Different condominiums can offer different advantages, benefits, disadvantages, and consequences. So before purchasing a condominium, try to investigate what experiences do residents have in living in a condominium.

Experiences in living in a condominium Condominiums have become a very popular type of housing in many countries around the world, such as in the Philippines. According to many real estate experts, condominiums have become the most popular and in demand type of residential Philippines properties available in the market today.

There are different types of condominiums in the market today. There are condominiums found in the city, while other condominiums are found in the outskirts or even in provincial areas. Each type are known to provide different experiences to its residents. First is with the typical condominium found in the city.

Lifestyles in living in a condominium in the city According to many Filipinos living in condominiums , the first thing that many of its residents would experience is its luxurious living space. Because most of these types of Philippines properties are found in the heart of the busiest business and commercial districts, most of these types of condominiums are built to provide the most luxurious living space, both in exterior and interior designs.

However, the main advantage that many Filipinos have experienced in these types of condominiums is its convenience in allowing its residents to live within walking distance to their workplaces, a kind of feat that other types of housing lacks. However, residents can still enjoy their privacy within their own units.

However, there are other condominiums which can provide a different sort of experience to its residents, such as those living in a condominium complex.

Lifestyles in living in a condominium in the outskirts Compared to condominiums in the city, condominium complexes are mostly found in the outskirts while others are even found in provincial areas. Although not as beneficial in terms of accessibility to workplaces compared to condominiums in the city, these types of Philippines properties can provide a different experience, particularly for Filipino families.

According to many of those Filipinos living in a condominium complex, the first thing that residents would experience in these types of condominium is its peacefulness, which is in comparison with that of the city.

Another popular experience in living in a condominium complex is its amenities, such as swimming pools, gyms, recreational parks, and playgrounds in which residents can freely and exclusively enjoy.

The disadvantage of living in these types of condominiums, however, is that residents have had difficulties getting back to the city, particularly because of rush hour.

The Many Advantages Of Buying A Condominium Unit

One of the most popular type of housing in the Philippines today are condominiums. Compared to other forms of housing, such as townhouses, apartments, and most specifically houses, condominiums have grown to become a very popular type of housing because of its many advantages and benefits. So what are its advantages over other types of housing?

Affordability
Compared to townhouses and houses, condominiums are much more affordable in terms of permanent residence. Houses and townhouses available in the Philippine market today ranges from hundreds of thousands to millions, depending on the city as well as with its location. Houses available in Manila today can go up from P1,000,000 Philippine Pesos to as much as P10,000,000 Philippine Pesos. Condominium units, on the other hand, would only cost half the original price of houses and townhouses, only ranging from P500,000 Philippine Pesos to a million.

Location
Another advantage of owning a condominium unit is its location. Most condominium available in the market today are those found inside a major city, such as in Makati City. According to Real estate Philippines experts, this allows it to be within walking or mass transit distance of business and industrial areas of the city. Another popular location of condominiums are those found outside of major cities, particularly those found in provincial areas such as Tagaytay.

The advantage of these types of condominiums (these types of condominiums are usually known as condominium complexes) are the luxury it provides as well as amenities which could cost a lot if installed in houses. Though townhouse complexes are also known for its amenities, condominium complexes are usually more affordable.

Amenities
The advantage of most condominium complexes are its amenities. These amenities include resort facilities such as swimming pools, gyms, parks and playground equipment. Installing such amenities in houses or buying houses with the same amenities could cost millions of Pesos. Although townhouse complexes has the same amenities, condominium units are usually more affordable.

According to Real estate Philippines experts, such amenities are usually available in condominium complexes. However, some condominium buildings are also known for its amenities such as pools, gyms, and other popular functions.

Permanent residence
In terms of affordability, apartments are usually more affordable. However, the advantage of condominiums are its ownership. According to Real estate Philippines experts, a condominium building and an apartment building are usually the same. The only difference are its form of ownership in which condominiums are usually sold to individual owners while apartment units are leased or rented to tenants.