Buying A House: C or D?

http://home.howstuffworks.com/community-living/condos-townhomes/included-in-association-assessment-fee.htm

IDK, is it high compared to similar condos in your area? I would look at other comparable listings. To me it doesn't sound notably high, but I'm not in your area and I also don't know how big a unit you're talking about. I guess it's possible that if they're mid-century buildings there are more maintenance concerns.

That's about double what I've seen of others (and about 2/3rds of others I've seen), so it really just depends on the property management around here I guess. My mom warned me about special assessment fees when I told her I was thinking about condo shopping, so that's another concern.

I don't want to rent all my life, but maybe it's just the most practical option until I make more money (whenever that will be).

man, other places in the country are so cheap compared to nyc. I never see condo fees below $600-700 when I look. Co-ops are even higher, although that fee includes your RE taxes.

Bought a condo!

Congratulations!

this one goes out to doo dah:

https://www.youtube.com/watch?v=O-tSEiZvUGM

https://www.youtube.com/watch?v=c_gm38wocjw

Woo!

:) Hee, thanks folks!
Now, how do I shot buying interior paint? I know about the "sheen", but how to figure out how many gallons, should I overestimate? It is about 1400 sq ft, total, I calculate 4 gallons ceiling paint, 8 gallons eggshell, and 3 gallons semi-gloss for bathrooms and kitchen (we removed wallpaper).
Or maybe I'll copy this to I Love Home, which seems to be not very active.

http://www.lowes.com/cd_Paint+Calculator_1352225126183_

Count on two coats minimum of color to get color uniformity as good as you can.

if you're going from dark to light, a primer is extra work and expense but will deliver MUCH better results.--same for your kitchen.

Also, buy the best paint you possibly can. Cheap paint will just mean worse coverage and more labor.

FWIW, we hired a good painter, and they told us that Benjamin Moore Regal Select is the tits, but that the Benjamin Moore is considerably more expensive than that with little added value. We were very happy with the results.

Also, while eggshell seems to be the standard thing to do for walls, we used matte and I really like the way it came out.

eggshell for walls? interior walls?
I've only ever used it on woodwork (skirting boards, etc)
Might be different/a different thing in the US, idk

Yeah, for some reason the standard advice for interior walls is eggshell. I think matte looks so much nicer.

i will cosign the BM Regal Select suggestion, but it does indeed come at a premium, about $65USD a gallon compared to around $35 or so for Behr, which is about my baseline. I've only ever used Matte on interior walls except in the kitchen & bathroom. On wood I only use the glossiest paint I can find.

sorry that was supposed to say that the AURA paint is much more expensive without much added value. We also tried the Natura paints once when we had our baby and paranoid, but the Regal Select is already low VOC and seems to be better quality paint.

Flat looks best but usually isn't washable. Anything with a sheen will hold up better to being wiped off.

I've mostly bought from Sherwin-Williams in recent years, we avoid Benjamin Moore like the plague unless someone specs it and is willing to pay without complaint. I'm surprised that some of the Behr lines at Home Depot are great for ~$20/gal - one claims one-coat coverage with a built-in primer effect and with a neutral color in Eggshell actually worked.

Glidden? Anyone?

Yeah our painter *only* used Benjamin Moore, but they get a substantial discount on the paint. Of course the paint cost is dwarved by the cost of the painter, yow.

Oh no I got it confused BM's entry level is BEN, then Regal Select, then Aura. Aura is Very Nice Paint. Regal Select is Just Fine. I wouldn't do alot with BEN.

I've only had one experience with Glidden. It was contractor grade shit, and have avoided Glidden ever since.

I like the Behr with added primer. Behr in general is a good value.

Regal Select is one of those things that used to be the "premium" paint and then they came out with some even more premium shit. It's like the Absolut of paint or something. Our painter said that Regal Select was worth it but Aura wasn't.

I would tend to agree.

so we just got a note from our neighbours offering to buy our garage. Is this a good idea? How much are garages? It's over the road from us and pretty derelict, as is their's, which is next to it. We don't use it except for storing wood but in theory we would if we spent a lot of money on fixing the doors, walls, etc.
I'm a bit suspicious they want to build a skyscraper there or something too (or granny annexe).

Unless the price is too good to pass up, it's not worth it. You'd be losing sq ft in your lot, right?

Why not rent it to them at a low rate

And if they want to make upgrades you could take it out of the rent, or go 50/50. Or you could just let them use it for free

i have been preapproved for a mortgage but everytime i think about buying something i feel like a horrible fraud

polyphonic's advice sounds right

I was quoted $20K as the value a garage adds to your property in Seattle.

Just replaced a 40 year old window that decided to crack all on its own last fall. We had been holding it together with duct tape.

Part of our sunporch roof caved in following some torrential storms around xmas. Still waiting to hear back from the insurance company about whether they'll cover that one.

Some of the screws holding the back door to the hinges have become stripped. That's an easy fix, but it was a sad feeling to have my door fall off into my hands.

Renting wouldn't work because they want to either knock through to enlarge & do up their garage, or use the land, which is otherwise in their garden, for something else.
I think we'll have to ask an estate agent plus mortgage providers (as it could devalue the property). Going to talk to the neighbs about what they have in mind...

Might be different in the UK (? -- "estate agent"), but in N America there'd be a clear distinction between the value of the garage itself (the outbuilding) and the land it sits on (part of your property).

Over here, most municipalities won't let you sell off part of your property (the land being divided into lots, and each lot with a title establishing ownership). Unless your garage is on a different lot from your house (might be, if they're across the road from each other), it would be difficult to sell one without the other.

Selling your garage and the title to the land it sits on would certainly devalue your property, because you'd be left with less property to value.

If you're able and willing to sell that piece of land, a fair price would reflect the opportunity to build in that location, not just its current use. Empty lots and lots with derelict buildings can and do exchange hands for high prices because of the potential to develop there, a projected future value quite distinct from its current situation.

We moved into the condo yesterday! (Internet set up today!)

Congrats!! What was your obligatory take-out meal?

Huh, I always assumed you could parcel off bits of your land here (UK) to sell as you please, but I'm not actually certain. We don't really have 'lots' but I wonder how much red tape is involved. Garages have gone for insane prices around here - parking is notoriously hard, but they have recently brought in a decent parking scheme which seems to be working - and ppl use them as workshops etc. However in our direct area there's a bit of a recent trend of using them for developing and building whole (small) properties on, which neighbours object to. Yay inner-city living!

Pepperoni pizza and champagne! :)

Huh, I always assumed you could parcel off bits of your land here (UK) to sell as you please, but I'm not actually certain.

I don't know any of the details, I'm afraid, but my parents bought part of next door's garden in the UK. It had a little wedge-shaped bit round a corner which wasn't visible from the neighbour's house but would have been from theirs, so they offered some money to just have the fence go straight.

weird, that's very similar to what my in-laws are doing except they're kind of swapping bits of land.

this is probably a dumb question but can anybody explain to me why estate agents still exist now that we have the internet? i don't need a travel agent to book me tickets, i don't need a b 'n' b agent to book me a b 'n' b, i don't need a personal shopper when i can buy everything online and do all the comparisons myself. everyone HATES estate agents. why isn't there a website that simply puts buyers and sellers together?

btw what do people make of plaistow? west ham? forest gate?

gonna put that on the london thread. would still like to know why estate agents still exist

to artificially inflate house prices?

Estate agents don't just do house sales - a lot do property management. You'll also need to arrange valuations, surveys, conveyancing, etc and, in some situations, physical marketing (in the form of for sale signs, newspaper adverts, etc) as well which i imagine would be a pain for a lot of people to do independently.

Mine basically ensured my flat got sold despite the best intentions of the shitty solicitors involved and sabotaging neighbours. That was because we went for decent yet more pricey ones. The majority are lazy idiots, so I dunno about those. They do the work of arranging viewings etc I suppose. Even that's not certain- I was present at a viewing of my place I was renting out and had to fill in lots of good selling points that the agent had forgotten.

when the flat next to mine was for sale i had so many agents trying to open MY door that i ended up putting a note by the keyhole. they were earning 1000s of pounds commission for selling a flat they couldn't even find.

It's generally much better to go for a smaller, local estate agent rather than a Foxtons / Bairstow Eves, etc, where possible.

Bro-in-law's (first) house purchase has just fallen through, with only approx a month or so to go, because one of the vendors was killed over the weekend.

Is "estate agent" the same thing that we in the US call "Real Estate Agent" or "Real Estate Broker"?

I find their continued existence completely absurd when it comes to rentals, but I do sort of see their value in a purchase -- it's a complex process, and it also helps to know the market. I mean we did our purchase without one, using an app called Redfin to stay on top of listings and the market, but I was obsessive about it. We also already lived in the neighborhood where we bought, making it easy to schedule viewings.

A good broker can do stuff like tell you right away why a certain listing is too good to be true, why it might not be worth your time to look at a certain place because of some location issue, whether your offer is in line with the market, whether the market is likely to be receptive to lowball offers, etc. not to mention how to put together all the paperwork.

yeah i wouldn't have done that well without one. it's like they do all the parts that suck. i would have procrastinated for years.

I was checking listings several times a day, every day, for about six months. I looked at for-sale listings as well as sold listings, so I could feel out not only asking prices but actual selling prices and how big the discounts were. I got to know the various buildings, sub-neighborhoods, I got a feel for what factors seemed to drive price in the area. When a new listing that looked appealing came up, I was often literally the first person to call. If you don't have the time or personality to do this, a broker can definitely be useful.

OTOH we were given the advice that when you don't come with a buyer's broker, that may gain you favor with the seller's broker (who gets more commission for her/himself that way), which can in turn mean they'll push for you. I think it can also mean you get a better price -- I don't exactly understand the mechanics, but I THINK the idea is that let's say normally the price includes 6% commission for the brokers to be split between buyers' broker and sellers' broker. Well if there's only one broker, the price can drop a little, the sellers' broker can take say 4 or 5%, the sellers still keep the same amount and everyone comes out ahead.