Is such a thing even possible? I have always rented apartments and am now looking into purchasing a loft, preferably, in either San Francisco or Los Angeles. I really have no interest in then paying for "rent" to some HOA at around $400/month. Is there a reasonable way to not do so, or does it entail looking for solo owned places which are probably really expensive?
I'm hoping to keep it around 500k total.
Thanks in advance for any advice.
posted by madglee
on Mar 11, 2014 -
Taxfilter: I sold a condo in April. I sold it for $5,000 less than I bought it for, but I walked away with some money because I had owned it for 10 years and paid down the principal. I had been renting it out for 4 years before I sold it because I moved to a city nearby. I also put about 10K into renovations over the past few years. Do I have to pay any capital gains taxes? Is it worth it to try to get any kind of credit for the loss I took when I sold it for less than I bought it for?
posted by Clustercuss
on Feb 26, 2014 -
I own a condo in Chicago (in a trendy neighborhood) in a building that has no rental cap and is mostly renters. I'm interested in trying to sell it myself, and am interested in thoughts on what sort of things I'd want to do to make it particularly interesting to investors rather than owner-residents. [more inside]
posted by juniperesque
on Feb 12, 2014 -
We rented a condo in Chicago for 6 years and moved out last month. We had a month to month agreement with the owner and no security deposit was given or requested at the time we moved in. We hired an established cleaning crew to go through the apt on the day after moving out and paid them $250.00 for cleaning the 2 bedroom duplex. The owner showed up at the same time and everything was amenable, no problems were stated at that time. He said he was going to do some re-hab work as he wanted to raise the rental price 'acknowledging the whole unit needed a lot of updating in order to merit the higher rent.
Now, a month later, he sent an email saying that we owe him over $1000.00 as he has found out many things that need repair such as excessive nail holes in the wall, some junk removal (clay pots on the deck, etc) some other minor damages and he says the dishwasher needs to be replaced at $800.00. When we left the unit the dishwasher, a 6 year old Bosch, was working fine.
What are our obligations here? Thanks.
posted by Tullyogallaghan
on Feb 6, 2014 -
As future parents and first time homebuyers, what aren't we thinking about, or under-emphasizing/over-emphasizing, in trying to pick a home to raise (two) kids in? What should we consider in deciding on house versus condo, location, neighborhood, size, layout, features, etc? [more inside]
posted by EmilyClimbs
on Jan 10, 2014 -
Where can retired Alaska snowbirds find a rental along the Texas gulf coast? By that I do not mean where are the nice beaches, as I know the answers to that question. I need to know HOW to find a rental by the month that includes linens, a furnished kitchen, cable, and internet. VRBO, Craigslist, airbnb, and other sources have failed. Everything I find is daily/weekly and incredibly expensive. I hope to travel from mid Jan thru mid Feb and $900 to $1100 per month seams reasonable to me. The specific location is not as important as price, and a beach view.
posted by woman
on Dec 14, 2013 -
I am assisting family members as they work to move out and sell their condo in Saint Paul, MN. We are looking for a local, reputable Realtor to manage the selling process. Can any MeFites provide a firsthand referral for a Realtor you had an excellent experience using? Also, what dangers or warning signs should we look out for as we navigate this process?
posted by BigLankyBastard
on Dec 6, 2013 -
I'm in the process of buying my first condominium. Is using the same insurance agent that holds the condo association's insurance for my own homeowners/content policy a good idea? If not, any suggestions for insurance agents in the Bergen County area of NJ?
posted by quokka quokka quokka
on Nov 26, 2013 -
What is this type of heating unit
? There are two of them in a 600 sq. ft condo I am thinking of purchasing. The listing says it is "Other/Electric." I have only ever seen something like this in a hotel. My memory of them, is that they are finicky and imprecise! I am afraid that the bills are going to get out of control. What kind of utilities might I see from such a thing? Second floor of a low-rise condo, with outside shared hallways. Toronto, so, winter. (The current owner's bills are supposedly inaccurate because they had a newborn, and were keeping it cranked up.) It's helping me decide whether I can afford this condo. (It's by the beach!) Other photos
posted by typewriter
on Nov 1, 2013 -
My mother received two letters from her Condo association stating that she is in violation of a pet by-law for having me visit her at her home and bringing my dog(over 35 pounds). Here is the law as written:
10.8 A limit of one four legged animal, not weighing more than thirty-five (35) pounds is allowed per unit.
I've spoken with the property management and they state that this law means no dogs over 35 pounds are allowed on property at all. As this law is written could that legally be in forced if i continue to visit with my dog? [more inside]
posted by slowtree
on Sep 23, 2013 -
Cracks in our concrete condo ceiling are leaking water from the channel to the dryer vent. Can we patch the concrete? [more inside]
posted by fatbird
on Aug 29, 2013 -
Planning a week in Vancouver in October, thinking of renting a condo instead of staying in a hotel. Anyone done this? Recommendations / things to look out for? [more inside]
posted by Koko
on Jul 10, 2013 -
I live in the Annex of Toronto.
My indie folk band has been rehearsing in my place, which I rent in a large apartment building, and there was never any problem. I just found out that in september I'll have to move into a condo with my sister. I don't own the condo but the important thing is that I won't be able to hold rehearsals because the people in the building like ultra-quietude.
Where in Toronto can my band find very cheap rehearsal spaces for rent (we are based in the annex)? or, alternatively, how can I soundproof my apartment? [more inside]
posted by redwaterman
on Jul 3, 2013 -
We have inherited a dated 2 bedroom condo in Sunny Isles, Florida that we intend to sell in the autumn. The market for permanent residents and snow birds is pretty strong, and we've decided not to do a gut reno, but do want to "neutralize" it somewhat with fresh paint and flooring. White paint is easy to decide, but how to replace the 10 year old blue carpet is puzzling us.
As a Floridian, would you want / expect ceramic throughout a 2 bdrm condo or laminate "hardwood"? Why? Our realtor advises ceramic tile throughout, but as Ontarians, that seems weird for bedrooms.
I have seen this question
but our situation is really focused on immediate resale in an upper middle class community - universally attractive is more important than durability.
posted by Heart_on_Sleeve
on Jun 26, 2013 -
I have a list of neighborhoods I'd consider living, a list of amenities that I consider necessary and/or negotiable, and a $ amount in mind per month. How can I make the selection process move along more quickly than the Craigslist Method? [more inside]
posted by DuckGirl
on Feb 24, 2013 -
Local cable internet company wants to blanket my condo tower with WiFi APs to provide universal WiFi access for their subscribers. Will this degrade reception or throughput for existing private WiFi networks belonging to residents? [more inside]
posted by wutangclan
on Feb 13, 2013 -
I am looking to perhaps purchase a condo in Toronto.
What are some objective data sources or opinions to determine whether its a good time to enter the real estate market? [more inside]
posted by cacofonie
on Jan 24, 2013 -
How can I get an idea of what typical expenses and reserves are for a condo that has about 12 units and a few garage spaces are? Please help me figure out if my condo's assessment hikes are reasonable. [more inside]
posted by anonymous
on Nov 15, 2012 -
Buying a condo in NYC (Brooklyn specifically) and really need some guidance on resources and how things work here. [more inside]
posted by Sockowocky
on Aug 6, 2012 -
Married, and have some savings. Does it make sense buying a condo just for giving it out as rental? Caveat - I may have to sell it off in about 3-4 years though so I'm wondering whether it'll all be worth it. [more inside]
posted by bbyboi
on Jul 31, 2012 -
Renovating a condo for the first time in downtown Toronto: How do we find great contractors and designers? How do we get started? Snowflakes inside. [more inside]
posted by heatherann
on Jul 2, 2012 -
Remodeling with an eye toward my own use (for the next 4-5 years) and rentability (in ~5 years?). [more inside]
posted by bendy
on Jun 20, 2012 -
Should I introduce myself to potential new neighbors to see if my outdoor cigarette smoking would bother them? [more inside]
posted by Rob Rockets
on May 18, 2012 -
Home buying: modern, super convenient, and soulless or old school charm without the conveniences and all the potential pitfalls? [more inside]
posted by whoaali
on Feb 29, 2012 -
I am going to be moving soon, and for the first time in several years, it will be on my own. I'd really like resources for checklists on what to have in my new domicile, and as well, ideas for furnishing and decorating. [more inside]
posted by Mister Fabulous
on Dec 26, 2011 -
What is that 80s/90s horror movie involving someone terrorizing residents of a condo or apartment building by crawling within the walls? [more inside]
posted by dovesandstones
on Dec 15, 2011 -
I need a bit of extremely minor home repair... but can't do it myself. Who in the L.A. area would handle this sort of thing? [more inside]
posted by Justinian
on Dec 9, 2011 -
Looking for a nice, reasonable place for my family to stay near LegoLand in Orlando. Bonus for opinions on WorldQuest Resort . [more inside]
posted by qldaddy
on Nov 23, 2011 -
I rent an apartment in a building with a condo association in Atlanta, GA. My lease was not registered by my landlord with the building condo association. Does this impact my legal tenancy status? [more inside]
posted by anonymous
on Oct 5, 2011 -
Condo roof is leaking into my top floor unit. Has anyone experienced this issue and can offer any advice? [more inside]
posted by my_thai
on Aug 15, 2011 -
Condominium Outrage! Today, while taking a shower in my bathroom, i suddenly saw a reflection of a man in the vanity mirror - he was just outside the slightly open bathroom door. I screamed bloody murder while my heart beat out of my chest - i thought i was about to be the victim of a home invasion. Now, i want to do something about the apparent rule/bylaw/custom in my condo corporation/board that allows workers to enter the unit without the express permission of the owner or resident. [more inside]
posted by Kololo
on Jul 19, 2011 -
Help us choose the right dog, please. My wife and I live in a small condo in an industrial-type urban neighborhood but I want a trail-running buddy. Conditions and other info inside. [more inside]
posted by Ignatius J. Reilly
on Jul 11, 2011 -
Friend signed a July 1 lease on a condo. Found out today that the owner is prohibited by the condo association from renting to her. Movers are scheduled for July 7. Now what? [more inside]
posted by ubermuffin
on Jul 3, 2011 -
My mother just sold her condo. After looking at her closing statement I see she was ripped off for at least $600.00 maybe as much as $1000.00. I know this because I own a title insurance company and I know some of these fees were illegal. My sisters don't want me to say anything because they are afraid the sale will fall thru. I know that confronting the title company won't make the sale fall thru but still don't know what to do
posted by cellar
on May 28, 2011 -
How are you managing finances in your small condo association? Do you use something like Quickbooks, or maybe just spreadsheets? [more inside]
posted by Right On Red
on Mar 23, 2011 -
I own a condo in northern Virginia that I have been renting out for a few years and I have an applicant to move in...from overseas. He is post-doc at a government agency that has a two year appointment. What kinds of information should I gather to screen him as a tenant? And how do I deal with the broken lease from the previous tenant? [more inside]
posted by pithy comment
on Mar 8, 2011 -
Can someone explain to me how buying residential real estate in a major/expensive U.S. metropolitan area makes any sense whatsoever? I'm really not seeing it right now (and yet I would love to join the landed gentry). [more inside]
posted by Admiral Haddock
on Jan 4, 2011 -