Storage condominiums are one of the latest trends in self storage facilities. With a self storage condo, the customer purchases their entire storage unit outright and then is free to do with it what they wish, including renting or reselling it. Similar to residential condominiums, the new owner is obligated to pay association dues to the storage facility. These dues are usually allocated to cover common expenses or kept in a fund to cover future capital improvements.

Storage condominiums have benefits for both the facility manager and the customer. The manager no longer has to worry about collecting monthly rent or providing liability insurance. Their ongoing maintenance duties are usually reduced as most association fees do not include any work inside of the storage unit. The new owner is responsible for his or her own pest control, water damage repair, and fire prevention to protect their own belongings. The customer is free to add their own security systems to their storage condo, but security at the overall location remains the responsibility of the facility owner or management company.

Most storage condos are 14 feet wide and 40 feet deep, with other sizes also available as desired by the customer. Many of them include a residental garage door, complete with opener, for easy access to the space. There is generally 15-amp electrical power already installed in the storage unit, with fluorescent lighting and several electrical outlets. Larger condominiums may be wired for 60-amp power, with the utility bill being sent directly to the space owner instead of the facility manager. Some storage condominium facilities include shared services for use on RVs, motorcycles, and boats. These include repair stations, vehicle washing equipment, and dumping areas for RV waste products.

The unique set up of a storage condominium arrangement can give it some flexibility with regard to city land use regulations and zoning laws. Because they are not rental units, a storage condo facility can often be placed in areas zoned for light industrial use, not just commercial zoning areas. This land is usually much cheaper for the facility owner than it would be to purchase commercially-zoned land. In cities where parking spaces and vehicle storage are hard to come by, purchasing a storage condominium may be more economical than paying parking fees by the day or month.

Despite their high prices, customers are purchasing these storage condominiums because of the flexibility and convenience they give. Since the customer now owns the storage unit outright, they are free to make any improvements they wish to the interior of the space. Exterior improvements must usually be approved by the facility manager since they affect the look of the entire area. Some common interior improvements include epoxy floors, new walls to separate the space, and adding windows or doors. Condo owners with a higher construction budget may even install climate-control equipment for the storage unit. This usually entails adding insulation in the walls and roof, along with either an air conditioner or swamp cooler to keep the temperature down inside the condominium.

Businesses are also taking note of these new storage condominiums, purchasing them for use as off-site file rooms or vehicle and equipment storage. Due to city zoning laws, most storage facilities have provisions in the sale contract prohibiting the operation of a business from inside the condominium itself. They are quite useful in shifting some of the storage space burden out of a company’s primary office, which is probably being rented at a premium rate.

Being able to actually own the storage space gives a business more financing options. It is far easier to obtain a loan to cover the purchase of real property than it is to persuade a lender to pay for the company’s storage rental for the year. The cost can generally be classified as a capital investment instead of a recurring monthly expense on the company’s balance sheet and income statements. Storage condominiums are a natural fit for businesses that use a lot of large equipment or vehicles, such as construction or delivery companies.

Financing the purchase of a storage condominium may be more difficult for a private individual. Many banks have no experience with the concept of buying a permanent storage unit as a real estate investment. As a result, these loans are usually treated as 10-year personal loans rather than traditional 30-year real estate mortgages. There is also generally a large down payment of 20 percent required upon the signing of the loan.

Watch the video related to Condominium Interior

Video tour of the interior. 1 bedroom/1.5 bath.

Help answer the question about Condominium Interior

About Author

Simply Self Storage – What Could be Easier than Simply?
Simply Self Storage is the largest privately owned self storage company in the United States and Puerto Rico. We own and/or operate over 228 facilities with over 16.1 million square feet of storage space.

Condominium Insurance

Are You Really Insured?

By RONALD R. REITZ, CPPA

Are you properly insured against fire, theft or water damage to your condominium or townhouse?  If a disaster strikes, who is going to repair the damage? Will your condo’s insurance cover damage inside the condo or is that up to you?

When most people first buy a condo or townhouse they call their insurance agent, explain they are purchasing a condominium unit and that they need to provide proof of insurance to their lender. The agent then supplies proof of insurance for the mortgagee in the form of a Certificate of Insurance or some other Proof of Insurance and the transaction is complete. Usually that proof of insurance relates to the condominium association master policy, not to your personal condo unit.

In most cases, however, there is large gap in coverage for the interior of your condo.  Most condo association master policies just cover the exteriors and common areas. If you, the condo owner suffer a loss, you most likely will be underinsured – or not insured at all unless you had an HO-6 policy.

In order to fully determine the adequacy of your coverage, you and/or insurance agent need to review the condominium master policy and the condominium governing documents (CC&Rs). It is possible your condominium has “walls-in” coverage on their Master Policy (now required by Fannie Mae). However, this may be a false sense of confidence in the coverage as “walls-in” coverage would likely be limited to replacing the interior fixtures with what was originally installed.

So, if you have a 30 year-old condo that was upgraded recently with granite counters, custom cabinets, marble flooring, dual-paned windows, etc., then you would only be paid to replace the original fixtures – formica counters, green shag carpet, low-grade cabinets and single-paned windows. However, an HO-6 policy with replacement cost coverage would assure you that you have coverage for what you had at the time of loss.  Just as important, the HO-6, in Coverage, A will probably insure the condominium association master policy deductible if it is assessed to the unit owner.

Even worse would be to discover your condominium association only had a “bare walls” policy. This means that you have absolutely no coverage for anything inside your unit.  If you suffer a loss, you would essentially be without coverage unless you also had an HO-6 policy.

Ron Reitz is president of San Diego-based Quality Claims Management Corp., a nationally licensed public insurance adjuster, providing hazard claim recovery services to investors, mortgage servicers, homeowners and businesses. Earlier, he pioneered the national hazard insurance claims business of GMAC-RFC (now GMAC-ResCap). He is the past president of the California Association of Public Insurance Adjusters and currently serves on the board of the National Association of Public Insurance Adjusters. 

Watch the video related to Condominium Interior

Condo for sale.

Help answer the question about Condominium Interior

About Author

Ronald R. Reitz, CPPA, President of Quality Claims Management, http://www.qualityclaims.com, pioneered the National Hazard Insurance Claims business of GMAC-RFC (now GMAC-ResCap). Mr. Reitz left GMAC-ResCap in January 2007 after ten years of managing the Insurance Services group. He is the past President of the California Association of Public Insurance Adjusters (CAPIA) and is currently an officer on the Board of Directors of the National Association of Public Insurance Adjusters (NAPIA) www.napia.com. Recognized as a leading expert on hazard claims, he is serving on many industry panels, as well as providing consulting and training services industry-wide.

Quality Claims Management Corporation provides hazard claim recovery services to investors, mortgage servicers, homeowners and businesses. All claims are adjusted by licensed insurance professionals for an equitable settlement and accelerated resolution timelines. Quality Claims is nationally licensed as Public Insurance Adjusters or Insurance Consultants and complies with Department of Insurance Regulations

Contact Ron Reitz at (619) 450-8600 or www.qualityclaims.com.

THE GRAMERCY RESIDENCES PHILIPPINES CONDOMINIUMS

For more details, visit my website     http://www.condosphilippinesrealestate.com

I would like to offer The Gramercy Residences at Century City, from Century Properties, Inc., Set to rise along Kalayaan Avenue , Century City is touted as “the development of the new century” and “a city within a city.”

Century City is a fully-integrated development masterplanned by Jon Adams Jerde of the Jerde Partnership International, world-renowned urban planner of the global landmarks Bellagio Hotel in Las Vegas, Universal Citywalk in Los Angeles, Roppongi Hills in Tokyo Japan, City of Dreams in Macau and the 2006 Winner for Best Master-Planned Community Zlote in Warsaw Poland. It will comprise of luxury residential towers, entertainment and shopping centers, Grade A office buildings in Makati ’s only IT park, a private recreational club, and an IT school that will be just a short walk or an elevator ride away from the residential towers.

LOCATED WITHIN GRAMERCY’S SKYPARK

The Gramercy Residences will be the only 24/365 hyper-amenitized luxury high-rise in the Philippines boasting of features and luxuries never before attempted anywhere else in the world.

AMENITIES

1. Three World-class Swimming Pools
Featuring a freeform infinity pool, a 25-meter lap-pool with multiple lanes, and a children’s pool – all with breathtaking Makati skyline views.

• 25-meter Lap-pool with multiple lanes
• Kiddie Pool
• Other Auxiliary/wading Pools

2. Cascading Waterfalls
The sound of rainfall like rhythm fills the air with a sense of serenity while the waterfall doubles as a distinct visual interest.

3. Three Distinct Gyms
The Gramercy will have three gyms open 24 hours a day — a general-purpose gym, a purely weights gym, and a third gym with purely aerobic machines.

4. Cafe and Restaurant
Enjoy the fantastic city view 36 levels above the ground as you take a sip of your morning brew or indulge in a hearty lunch

5. Yoga/Pilates Room
Tucked away behind a lush landscape, this facility provides a tranquil workout area for wellness seekers.

6. Spa and Massage Center
From facials and massages to a relaxing steam bath, the spa at Gramercy provides an escape for those who want to recharge and rejuvenate.

7. Day Care Center
While you work, your small bundle of joy will receive the best care and attention from the center’s experienced and well-trained staff.

8. THX Theater
Aside from the state-of-the-art cinemas within Century City, the Gramercy will have its own surround-sound theater where you can watch your favorite films.

9. DVD Library
Choose from a whole range of Gramercy’s exclusive collection of blockbuster movies, classical masterpieces and award-winning films.

10. Resident’s Lounge
A communal space perfect for casual meetings and conversations.

11. Conference Room
A flexible function room with global communication capabilities, such as video conferencing and wireless Internet for communal use.

12. Library/Book Club
Take your pick from local and international bestselling reads.

OTHER AMENITIES WITHIN GRAMERCY

Internet and Cable TV Ready units
Children’s Playground
Meditation Garden
Wine Bar & Storage
Beauty Salon
Emergency Clinic
Place of worship
Other 5-Star Services within Gramercy

FULLY-SERVICED

The Gramercy will be fully-serviced, a dream come true for those who live the modern lifestyle. Imagine ordering a sumptuous meal served in your bedroom from any of Century City’s restaurants. Or having a personal shopper bring up some new arrivals from your favorite boutiques downstairs, a housekeeper taking care of your household chores, or the Gramercy day care center and playschool ensuring that your kids have countless hours of educational fun.

5-Star Services at the Gramercy

• 24-hour doormen
• Delivery service from all Century City restaurants
• Massage and spa services
• Personal shopping and delivery services, including groceries, cleaners, pharmacies
• Messenger services for local pick-ups and deliveries
• Newspaper delivery
• Pet-walking and sitting services
• Pick-up and delivery services for laundry and dry cleaning
• Technical support services for computers, entertainment centers and telecommunication equipment
• Extra storage space for sale for boxes, old clothes, sports equipment and the like.
• Your food can be delivered to your unit even late at night from any of Century City’s top restaurants
• Enjoy a relaxing massage anytime you want—even at 2 a.m. after a tiring workday
• With technicians on stand by 24 hours to fix your PC, Internet connection or any other broken electrical fixtures.
• Hang out with friends in any of Century City’s bars and restos, open until the wee hours of the morning

To learn more about the Jerde Partnership, please go to: www.jerde.com.

INSPIRATION

Inspired by the spirit of the great city of New York, The Gramercy Residences will be the first tower to rise at Century City.

This ultra-exclusive hyper-amenitized condo project takes its name from Manhattan’s ultra-exclusive Gramercy Park, a fenced-in private park in New York City’s most prestigious of neighborhoods, accessible only to the well-heeled residents of the buildings in the area who are assigned keys to the park. It is here that Cyrus Field conceived the Trans-Atlantic Cable, Mark Twain played pool, and an eight-year old John F. Kennedy chased the squirrels on a lazy afternoon.

It is the exclusivity, the history, and the central characteristics of Gramercy Park in New York, that has inspired in no small measure, the first urban icon set to rise in progressive Century City: The Gramercy Residences will feature interiors and aesthetics that evoke the Big Apple’s unmistakable flair, and the exclusivity and style of its Manhattanite namesake.

THE RESIDENCES

With Century City’s citizens, a new paradigm in residential high-rise development will be set, with all residential units not only providing Century Properties’ highly-acclaimed, Fully-fitted, Fully-furnished concept, but taking bespoke living to the next level with more interior design options to allow you to truly personalize your future home. Among them is the piece de resistance: The breathtaking SKYPARK with waterfalls, infinity pools, a designer restaurant, health club and more, 36 storeys above the ground and traversing the entire width of the building.

6 DESIGN OPTIONS

LUSH
Enjoy the comforts of living in an inviting contemporary style.
AZULI
An interplay of arresting blue, pristine white and butter yellow adorn this lively pad, topped off with complementary oriental accent pieces.
SLEEK
Neutral shades combined with dazzling silver, reflective light fixtures and funky artwork make this pad truly stylish and unique.
SAVANNAH
Subdued contemporary design merges with bold animal prints and rich dark leather to create the perfect pad for the adventurous frequent traveler.
ARISTO
This elegant living space combines modern design with contrasting neutrals and tones, and touches of old world furniture.
BARLEY
Black and gold merge to create a strong sense of character in this design, given a further edge by retro-classic furniture, carved mirrors and high-gloss finishes.

STANDARD UNITS CONFIGURATION:

Studio Unit -      28 sqm. to 34 sqm.

1 Bedroom Unit -39 sqm. to 45 sqm.

2 Bedroom Unit -  66 sqm.

3 Bedroom Unit -  153 sqm.

LOFT UNITS CONFIGURATION:

1 Bedroom loft Unit -  44 sqm. to 58 sqm.

2 Bedroom loft Unit -  88 sqm. to 107 sqm.

3 Bedroom loft Unit - 149 sqm.

Also, we have other condominium projects like the Knightsbridge  Residences in Century City Makati, the “Soho Central” in Mandaluyong,  the “Grand Soho Makati” in Buendia/Salcedo Village, and a high-end house and lot project “The Canyon Ranch” in Carmona, Cavite.

Should you require additional information, I would be very happy to assist you. Just let me know if you are interested and I will send you our pricing and sample quotations. If you have friends who may also be interested in our project, I would appreciate very much if you can refer our project.

Warm regards,

Mr. Christopher John T. Koh

Century Sales Officer

CENTURY PROPERTIES INC.

21st Flr. Pacific Star Building, Sen. Gil Puyat Ave. Cor. Makati Ave.

Makati City Philippines 1200

Mobile no. (+63)929-3737239/ (+632) 8563834

Email:  mycenturyproperties@yahoo.com

Website:  http://www.condosphilippinesrealestate.com

Watch the video related to Condominium Design

This is a proposal for a condo on South Beach … south florida landscape design christian andrew architecture miami beach

Help answer the question about Condominium Design

About Author

Mr. Christopher John T. Koh
Century Sales Officer
CENTURY PROPERTIES INC.
6th Flr. Pacific Star Building, Sen. Gil Puyat Ave. Cor. Makati Ave.
Makati City Philippines 1200
Mobile no. (+63)929-3737239/ (+632) 8563834
Email: mycenturyproperties@yahoo.com
Website: http://www.condosphilippinesrealestate.com

CONDOMINIUM MAKATI

Stylish facades, functional European inspired kitchens, versatile spaces, and sophisticated contemporary living, are all characteristic of homes built by boutique builder Urbanedge.
Their enviable street presence, superior list of inclusions, user-friendly procedures and priced as displayed policy, indicates Urbanedge Homes customer orientated focus and desire to give new home buyers the very best in home design and value for money.
To discover the Urbanedge difference and what makes them so unique, visit their brand new display homes at Brimbank Gardens Estate in Derrimut. With three of the latest versions of their ever popular designs, there is something for everyone. Even the modest 23 square Zerne 001 oozes with sophistication and style and is indicative of the quality and excellence of the designs Urbanedge has on offer.

The Zerne 001 provides three spacious bedrooms and open plan living centered around a stylish kitchen featuring 900mm stainless steel appliances, huge walk in pantry and an abundance of pot drawers. Extremely functional, this home is perfectly suited for first home buyers or those wanting more from their lifestyle for less.

The latest version of the four bedroom Ludo 002 boasts a brand new façade, whilst the architectural flair flows inside through to the cleverly designed living areas creating the perfect scene for family living. An integrated alfresco area provides a private sheltered haven that can be enjoyed all year round, whilst dual access to bedroom four gives you the option to convert it into a study, home gym, or for convenient access to the baby’s bedroom.

For those wanting more room for a larger family the 32 square Larne 004 offers it all. Huge alfresco dining and entertainment space for relaxed get-togethers, home theatre room for family fun, a kids retreat with access outdoors so they can run in and out and a resort style master bedroom and ensuite with access to a private restful outdoor retreat for the parents own enjoyment.

To help celebrate the opening of their new showhomes, Urbanedge has created a massive package with up to $46,000 worth of additional inclusions for only $9,000, available in conjunction with the Urban Options standard inclusions on their entire range of home designs. This package includes CaesarStone benchtops to the kitchen, evaporative cooling, ceramic tiles and quality carpets throughout the entire home, contemporary vanity units, Gainsborough designer door handles, sectional Colorbond remote controlled garage door, just to name a few.

Urbanedge’s new display homes are open Sat-Wed 11am -5pm at Brimbank Gardens Estate, Derrimut. 169-173 Windsor Blvd, Derrimut (MEL REF 39 A1) or call 9363 6729 for more information or directions or you can visit http://www.urbanedgehomes.com.au.

Watch the video related to Home Design

www.SusanBerryDesign.com Susan P. Berry, ASID, helps you fall in love with your custom designed home from start to finish. This Crib was custom designed for a Dashing Bachelor who loves Ferrari’s, Disney, fine wine and family. As always, all Client names and locations are private. Whether your home is a beach house getaway, a tuscany castle or a French villa, Susan Berry executes your vision from interior architectural details, to plan design, to staircases, to custom furnishings, to tile …

Help answer the question about Home Design

About Author

A computer professional who works on the internet helping Urbanedgehomes increase its viewers through optimization and other internet educational topics online. For world class Builders in Victoria visit us at www.urbanedgehomes.com.au.