Real property ownership – condominium

Real property ownership – condominium

Are you in the market looking for a home? Several options come into play. For instance, the majority of home buyers, roughly 83 percent prefer buying single-family homes. These statistics were arrived at by the National Association of Realtors & Research. Other buyers opt for cooperatives, townhouses, and condominiums.

Single homes and townhouses defined

It’s quite easy to identify a single-family home when you see it. At this point differentiating among other types of homes can be challenging. It all narrows down to the question of ownership. For instance, single homeowners own the home structure. By structure, we are referring to the garage and house as well as the land on which it rests in. At this point, an individual will be forced to part with extra for more acreage. As for townhouses, you own the exterior and interior, lawn, driveway, and roof. Most townhouses are multi-unit complex units. This means you do not have ownership of any common area. Since townhouses are designed in rows, you are forced to share one of your interior walls with your neighbor. Homeownership through cooperatives is common in large cities. In this homeownership model, you do not own the home, instead, you own shares in the corporation that owns it. Your home size is determined by the number of shares you own. This will affect your maintenance fees, taxes and any other costs.

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Guide when buying a condo

A condominium or sometimes referred to as condo is one unit within a large multi-unit development. In this case, you only own the interior of the unit. A homeowner association owns all other aspects including the hallways, lobbies, facilities, and lawns. Owners of condos or townhouses pay a monthly, quarterly or yearly fee to their homeowners association. The money is to cover maintenance among other costs. As to compare the cost of units, it depends on the location and the amenities and other features of the condo. But, mostly condos near or within the heart of the city has a higher cost than to the opposite. Nim Collection Price is one that you can refer to arrive an informed choice when it comes to the value consideration of condos.

Condos are considered an exclusive form of homeownership as it does not follow the traditional laws of homeownership. Those considering of buying condos should understand how homeownership really works so that they do not get caught unaware of their obligations as a homeowner later. Several technical and legal factors define the ownership of condominiums.

So what exactly do you own?

Buying a condo is buying a single unit within the building or community. Within this units are the kitchen, bedroom, and other rooms. Other areas within your ownership are the interior walls, patio, balconies and storage areas. The fact that you do not own the land does not mean it is not qualified as real property.

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What about the common areas?

All other parts of this property are referred to as limited common areas where all unit owners share ownership. The common areas comprise of all building parts including the halls, lobbies, floors, ceilings, elevators and foundations. The commonly shared installations are the air conditioning and heating, gas, electricity, and water. The parking areas and land on which the establishment rests on not within your ownership.…

Tips for catching the rats in your house

Tips for catching the rats in your house

Rats running around your house can be annoying. When you notice a rat in your home, you should act quickly to prevent further increase in manifestation. Rats give birth and multiply rapidly. The best step to take when you realize that there are rats in your house is to buy traps. If you do not know about rat traps, you can google and identify the different types of rat zappers that work and are available in your location. But, how do you know the right trap to buy? Written here are some tips to consider when trying to get rid of rats from your home.

Use the right trap

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When trying to get rid of the rats in your house, you should choose the right trap. Some rats are small, so you can use small rat traps while some are big growing to more than 15 inches hence a need for a bigger stronger trap. Some traps catch a rat alive while some traps are meant to kill the rats instantly. You should, therefore, choose a trap that suits you.

Know the rats

When trying to catch the rats in your house, make sure you know the type. Identifying the type of rats you are dealing with helps you in choosing the right baits to use on your traps. Different rats eat different foods. Some rat can eat meat while others eat vegetables only. You can know the type of rats in your house by looking at their droppings small black rats have droppings the size of a rice grain while bigger rats have droppings that are as big as a bean.

The Bait

addawqaasRats naturally are attracted to a strong smell. Use baits that have the strong smell, and you will be sure to catch the rats in your house. Cheese and peanut butter are also perfect baits for catching the rats. However before placing you cheese on the trap you should drop some on the route that the rats use. Having then eaten the cheese freely you will increase the chances of the rats going after the cheese on the trap.

Where to place the trap

Rats like staying in dark corners. Learn the holes that rats are using to get to yours and the places they hide. You should then place your traps on this strategic sites. Rats can be smart when setting a trap let it stay at the location for at least a day without triggering it. You should know that rats tend to be more comfortable in the environments they are familiar with. Letting the rats get used to your traps will increase the chances of catching them.

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