Living High With Reasonable Condominium Insurance Rates

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The love affair with high-rise living probably stemmed from the lack of hospitable land as well as rising costs. Owning a piece of landed property can cost a pretty bundle. If one prefers close access to city comforts, transportation and other amenities, all these add onto the tab. Some therefore resort to living in the suburbs and joining the horde in commute back and forth each day. After accumulating significant mileage on the odometer or railway card, some take the plunge in renting or buying a small place in the city to ease travel woes. By then, another sort of woe comes forth in the form of condominium insurance rates.

 Choosing to live with the birds is totally understandable. The feeling of freedom is an experience never to be discounted. As stress from family and work may take its toll on the average individual, a constant supply of fresh air and pleasant views may help take one's mind off mounting paperwork and laundry onto his or her happy place. Pleasantries aside, each of these buildings is insured with a master policy to cover the overall structure as well as fixtures and furnishings for general use. In other words, what is visibly on the exterior as well as features to serve the residents is handled by the building management. This may include exterior painting, pool maintenance, parking bays, lighting, landscape and so on. A close scrutiny of the condo association's policy should clear things up.
Upon ascertaining what goes under their coverage, everything else thus falls under the purview of the resident. Living in such an environment obviously differs from a standard house as one is hemmed in by neighbors in all directions. What with the close proximity, a leaking water pipe can make itself very apparent on the neighbor's wall if neglected.

Condominium insurance rates thus take into account the various scenarios associated with the lifestyle and attempt to provide suitable coverage in accordance to the plan signed up. Flood and earthquake coverage tends to be generally excluded. However, this does not prevent one from buying the coverage if the surrounding area is prone to the occasional torrent and tremor.
It is best to find out what these rates cover. Loss or damage of the unit, contents within, loss of use as well as personal liability tends to top the list. If the condo association runs into a financial pickle to repair major damage, residents may need to chip in.

Chris enjoys sharing articles on topics like condominium insurance rates and Homeowners insurance in Los Angeles.

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Five Top Reasons to Buy a Loft Vs a Traditional Condominium

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Many urban dwellers are turning to lofts instead of condos. There are some differences between the two, however. Urban living and loft purchasers are on the rise, if only for the exquisite opportunity a loft may have compared to a condo. Owners of either a loft or a condo hold the title to their unit or space and co-own along with the rest of the loft or condo community, the lobbies, garages, security system, swimming pools and other amenities. Here are the five top reasons to buy a loft:
1. Style - Lofts for sale tend to have soaring ceilings and wide open spaces. Lofts also have lots of style and more modern finishes than a condo. Floors are often hardwood and the sense of your own original space is achieved through the purchase of a loft. You will find more stainless steel and sharp modern designs in a loft.

 2. Location - Most lofts for sale are in urban areas where a developer may buy an old warehouse and turn it into loft units. These old warehouses are usually well within all the amenities any urban city or town would have to offer and are nearby or within walking distance. Many lofts for sale are also designed and built from the ground up through developers and large city and town's revitalization programs.
3. Live and Work - While condos may only offer a home unit for residential use, lofts may permit a live and work space and some lofts for sale can be found in areas zoned specifically for this purpose. Many professionals who work at home find the large loft space ideal for the separation between living areas and work areas.
4. Appreciation - In some markets, realtors have found that lofts are appreciating at twice the rate of a traditional single-family home. This alone can add value to your loft space when you sell it.
5. Loft Conversions - Many loft builders who convert buildings into loft spaces, also invite commercial businesses such as drycleaners and small grocers to abide in the buildings. These types of loft conversions make it easier to never leave your loft building area when you seek consumer items-especially since they are close at hand.

Loft living is different than condo living. While both are usually run by an association where you must pay a monthly fee and abide by the association rules, lofts tend to be quieter due to their size and do not have as many common walls as condos do. For example, a loft may be an entire floor where condos may have two to four on one floor sharing a lot of common wall space.
Major developers are being encouraged and supported by large city and town governments to covert old spaces for loft living. Not only are developers reaping the benefits of building these loft units, the owners of the lofts are happy with the security, parking, live and work opportunities, and the proximity of all the conveniences you can expect with a loft.
If you live in an urban area and are interested in purchasing a loft, ask your Realtor for more details on lofts for sale, the amenities and how loft living works.

http://www.CondosMinneapolis.net explains condos and loft living in more detail. John Mazzara is involved with financial services in the Twin Cities, MN. Officing out of Edina, Minnesota-John is centrally located within the 7 county MN metropolitan area. John owns three separate businesses-a licensed real estate broker associate selling Minnesota real estate since 1986-affiliated with RE/MAX Associates Plus http://www.MinneapolisStPaulHomes.com , an independent CFP-certified financial planner since 1989 with an independent Minnesota financial planning firm-Financial Planning Associates and the owner of a Minnesota mortgage broker firm-Venture Development Inc-specializing in residential, commercial and investment mortgages for purchases of single family homes, investment properties and commercial property. Venture brokers FHA, VA, Conventional loans and lines of credit. If you are looking for someone to help you in the areas of real estate sales/purchase, mortgages, or and/or financial planning and insurance you should call John for a free 1 hour consultation to see if he can meet your needs. 952-929-2577. RE/MAX Associates Plus and Venture Development are located at 7300 France Ave S, Suite 410, Edina, MN 55435

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Yorkville Toronto - Latest News On New Condominium Projects Planned

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So you want to buy a condo in Yorkville and you have your heart set on buying new. There are lots of new condominium projects in Yorkville all at different stages of development ranging from:

• Proposed plans for new condo projects yet to be finalized
• New condo development projects that have started marketing to the public but have not broken ground yet known as pre-construction
• New condo developments currently under construction
• New condo buildings in the final stages of near completion and in the process of being registered

 All of these stages present buying opportunities. The question you need to ask yourself is how long are you willing to wait for your brand new suite in the sky.
Here's a breakdown of the all the new condo developments in Yorkville from projects proposed to buildings currently under construction:
Proposed Plans For New Condo Projects In Yorkville
1, 3, 5, 7, 9 Sultan Street & 11 St. Thomas Street
Developer St Thomas Commercial Developments Incorporated
Located on the south east corner of Sultan and St. Thomas Streets, the proposal is to build a nine storey office building with three levels of underground parking. Designed by Hariri Pontarini Architects, the project involves preserving the four existing designated heritage houses on Sultan from the street to the roof peak with the office building built as an addition at the rear of these houses. The ground floor is slated for retail with entrances on Sultan Street and upper floors will feature office space including commercial condominiums accessed from St. Thomas Street.

10-14 Prince Arthur Avenue
Developer Castlepoint
Designed by Hariri Pontarini Architects, a seven storey terraced condominium to be built.
94 Cumberland Street
Developer Minto
The city has received a rezoning application for the site located on the north east corner of Cumberland at Bellair which entails the proposal of erecting a 26 storey mixed use building containing 105 residential condominium suites - 29 one bedroom units and 76 two bedroom units. The first three levels will be devoted to retail and there will five levels of underground parking with 79 parking spaces.
Ridpath's Fine Furniture site
906 Yonge Street
City staff received an application from Ridpath's Limited for a 28 storey residential condominium tower fronting on McMurrich Street connected by a 2 storey podium to a 35 storey hotel and residential condominium tower fronting on Yonge Street. The existing Ridpath's Furniture store will be partially retained.
Old Four Seasons site
Developer Menkes
21 Avenue Road
Project to be built on the site of the Old Four Seasons Hotel and consists of a north and south residential condominium tower that sit on a three storey podium with retail fronting on Avenue Road. In May 2010 the OMB ruled in favour of the developer, Menkes, to construct a 127 metre and a 133 metre condominium tower. Provincial Speaker of the House, the Hon. Steve Peters appealed to the Ontario Superior Court of Justice to block construction of these two condominium towers as they would intrude on the picturesque view of the Queens Park Legislature. In January 2011 the courts ruled to uphold the OMB's decision giving the green light to Menkes to build the 44 and 48 storey condo towers.

Cumberland Terrace site
Developer Oxford Properties
2 Bloor Street West
In February 2010 City Council approved the project that consists of 3 buildings:

1. Podium Building, a 7 storey building which includes commercial space at street level, 4 levels of parking above it. The building will also feature 20 residential condominium units known as rooftop villas and house rooftop gardens and outdoor amenity space for condominium residents in the two towers that rise from the structure.
2. Yonge Tower, a 36 storey residential condominium building at the corner of Yonge and Cumberland Streets with 196 units.
3. Cumberland Tower, a 48 storey residential condominium building located mid-block on Cumberland Street with 340 units.

Yorkville Toronto New Condominium Projects Coming To Market
36 Hazelton Avenue
Developer Alterra Group and Zinc Developments
Located at 34-38 Hazelton Avenue, the site of St. Basil's School. The project consists of seven storeys with nineteen luxury residential condominium units and incorporates the existing two level Gothic Revival school structure which was built in 1928 by architect J.M. Cowen.
Exhibit Residences 200 Bloor Street West
The Yorkville Condominiums 32 Davenport Road
Yorkville Toronto New Condominium Projects Available For Sale Pre-construction

• The St. Thomas 2 St. Thomas Street
• One Bloor 1 Bloor Street East
• Pears on the Avenue 164 Avenue Road
• Imperial Plaza Condominiums 111 St. Clair Avenue West

Yorkville Toronto New Condominium Developments Currently Under Construction

• The Four Seasons Private Residences 50 Yorkville Avenue & 55 Scollard Street
• Museum House 206 Bloor Street West
• The Florian The Residences of Upper Yorkville 88 Davenport Road
• One Bedford At Bloor 1 Bedford Road
• Uptown Residences 25 Balmuto Street
• Crystal Blu Condominiums On Bloor 21 Balmuto Street
• Seventy Seven Charles West 77 Charles Street West

http://www.beintoronto.com/Yorkville-Condominiums-New-Releases-Preconstruction-suites-units-for-sale-Toronto.html

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New Condominium Project Coming To Yorkville Reveals Interesting Facts About Toronto's Past

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The Yorkville Condominiums 32 Davenport Road
Developer Lifetime Developments is scheduled to launch The Yorkville Condominiums in early 2011. Located next to The Florian at the north west corner of Davenport Road and McMurrich, this new condominium project sits steps between Bay Street to the west and Yonge Street to the east with the sales office located at 22 McMurrich Street. This new development project consists of a 31 storey condominium tower plus six 2 storey executive townhomes and five levels of underground parking accessible from McMurrich Street. The building will feature a grand two storey lobby with three sided fireplace all lit by a breathtaking chandelier. Designed by award-winning architect Rudy Wallman of Wallman Architects with interiors for the project by Melandro Quilatan and Tania Richardson of Tomas Pearce Interior Design Consulting.

 The Yorkville Condominiums will consist of 238 units and is currently offering 3 different floor plans:

1. one bedroom units of 544 square feet
2. two bedroom units of 766 square feet
3. two bedroom plus den units of 948 square feet

Amenities at The Yorkville Condominiums:

• Twenty four hour concierge
• Residents' lounge on with piano bar and billiards room located on the 5th floor
• Private dining room and wine cellar
• Caterer's kitchen and culinary kitchen both available for private chefs
• Fully equipped fitness facility with cardio and yoga studios
• Plunge pool
• Men's and women's change rooms with their own steam rooms
• Rooftop terrace with lounge, barbeque and dining area

The History Behind 32 Davenport Road

Davenport Road is one of the oldest streets in Toronto as some 12,000 years ago it was a meandering trail first used by native hunters and traders. The Yorkville Condominiums is located just before Davenport Road curves at the top of Bay Street and it is these curves that make Davenport Road one of Toronto's few streets that is off the regular grid pattern of the city as it follows the original native pathway.
In 1923 a service station was built on the site of 32 Davenport Rd and 1939 the structure was then used by the CBC to store equipment for the visit of the King and Queen. In 1945 the building was used by brewers to house their offices followed by a direct mail company in 1955.
In 1966, 32 Davenport Rd became the site for the new offices of Moriyama & Teshima Architects. World-renowned for their landmark projects such as the Bata Shoe Museum and The Toronto Reference Library, Moriyama & Teshima have had their offices at this location for forty-five years.

For more information on Yorkville Toronto Condominiums visit http://www.yorkvillecondo.co

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Consider Buying a Condominium

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Purchasing a condo in the Manchester NH can be a great decision. Unless you have previously purchased a condominium before you might not be fully aware of some of the advantages. To find a condominium that fits your life perfectly you'll naturally want to know what works to your advantage and what doesn't.
One of the great things about owning a condo is that you enter into an agreement with the condominium association that outlines your responsibilities as well as their responsibilities. In many of the contracts, you'll notice that you are not responsible for the outer structure, which leaves everything from simple repairs to complicated maintenance projects resting on the association's shoulders. You don't have to worry about lawn maintenance and snow removal. In most cases you don't have to worry about things like repairs to the roof, either.

 Condominium complexes have clearly defined rules and benefits that you can review before making your final purchasing decision.
Condo associations often outline regulations like dog ownership and other factors that you'll need to know about. Many associations either limit the size of the dog or they limit the type of the dog you can own. They also regulate parking, trash removal, and other basic aspects of daily life. This can be beneficial to many people who are looking for a relatively maintenance-free place to live and to those who want rules that keep the entire neighborhood to the same standards. That way, you can avoid ending up living right beside someone who decides to do something to a property that could infringe on your rights or your preferences.

Condominium life can also mean lower insurance costs. Because there are so many potential liabilities that you're not responsible for, insurance companies tend to truly appreciate their condominium customers. Without liability for outdoor or structural issues, you might find that you're going to save quite a bit on homeowners insurance. The typical condo insurance can run half as much as insuring a traditional single family home. Condos are usually priced a little lower than many homes and, with the insurance savings, you'll find that you can have all of benefits of traditional home ownership, for much less money.
Condo are also typically designed beautifully and have impeccable grounds. You could really benefit from this type of environment if you are currently struggling to keep up with some of the home maintenance necessities that go along with traditional home ownership. Whether you just want to spend your free time doing something else, or if you have a physical condition which makes certain upkeep projects difficult, buying a condominium can be the perfect solution.

Looking for solid information about buying or selling a house, condo or land in the Manchester, NH area? Licensed Realtor Moe Archambault invites you visit http://moehomes.com for useful tips that will help you navigate the exciting and profitable real estate process.

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