Tag Archives: Condo

Culture

Sir Elton John Lists Atlanta Condo

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I bet you did not know these facts from our friends at toptenrealestatedeals.com : British singer-pianist-composer Elton John is the most successful solo artist in the history of the Billboard charts, with more than 50 number-one hits, seven number-one albums, and over 300 million in record sales. 

He has received two Oscars, a Tony, a star on the Hollywood Walk of Fame, induction into the Rock and Roll Hall of Fame, and a knighthood from Queen Elizabeth II. The revered artist has recently completed his final tour, Farewell Yellow Brick Road, which became the highest-grossing concert series of all time.

Now moving permanently to his Windsor, England estate, he is offering the Atlanta condo that has been his US base for thirty years for sale at $4,995,000 usd / $6,744,249 cad.



John originally purchased a duplex on the 36th floor of the luxurious Park Place high-rise tower in Atlanta’s Buckhead neighborhood for $925,000 usd/ $1,248,935 cad, then added five neighboring units over the years to construct his 13,300 square-foot, four-bed, seven-bath residence spanning two floors.

The meticulously designed home features stunning wood walls, floor-to-ceiling windows, and 360 degrees of city skyline and western canopy views. 

Fashion

Johnny Depp’s Los Angeles Penthouse Collection Threatened By Divorce

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What once was a successful pairing between Johnny Depp and Amber Heard has changed course and their dirty laundry is playing out in real time all over the world.  Whether real or as a way to get each back into the limelight and boost their careers, the court case has proven to be entertainment on a level that has at times even had the judge laughing.  One thing unfolding is that Amber appears to have her heart set on acquiring one, if not all, of Johnny’s fabulous L.A. penthouses.

What’s so desirable about them? Find out more via this article sent along to us from our friends at toptenrealestatedeals.

Known for being a somewhat dark, idiosyncratic actor, Depp has followed his own instincts in his choice of parts since his first role in Nightmare on Elm Street in 1984.

A Florida high school dropout at age 15, he played in several garage bands and married early. When he and his new wife took a trip to Los Angeles, in a stroke of good luck he happened to meet Nicolas Cage who suggested he go into acting. This led to his first film role in 1984’s Nightmare on Elm Street and quick successes in Edward Scissorhands, Sleepy Hollow and the Pirates of the Caribbean series. He then moved on to more serious parts portraying drug and gangster criminals in Blow, Public Enemies and Black Mass.

Glen Lantz from Nightmare on Elm Street Costume | Carbon Costume | DIY Dress-Up Guides for Cosplay & Halloween
Johnny Depp as Ichabod Crane in Sleepy Hollow (1999)
Johnny Depp's 'Pirates' Co-Star Comes to His Defense Amid Controversy - Inside the Magic

Widely considered one of Hollywood’s best actors and box office stars with Golden Globe and Screen Actors’ Guild Awards, Depp has made headlines from his movies, love life and his interesting real estate holdings, which include an island in the Bahamas. At various times engaged to Sherilyn Fenn, Jennifer Grey, Winona Ryder and Kate Moss, Depp had a long relationship with French singer-actress Vanessa Paradis. During his Paradis years, he purchased an entire French village which was recently on the market at $55.5 million usd. After he split with Vanessa, he married Amber Heard in 2015, but divorced just one year later. Listed after the $7 million usd divorce settlement with Heard is Depp’s unique collection of penthouses in downtown Los Angeles.

Depp acquired the five multi-storied, side-by-side penthouse units over a period of years after the building had been refurbished in 2007.

Decorated in his unique style, he never joined the units, but instead lived in them as though going from room to room, or lent to relatives to use.

Whether or not it was a conscious real estate business decision or a happy fluke, it means that the collection of units can be resold as a whole or individually. The group includes five condo units: four two-bedrooms and a one-bedroom, totaling approximately 11,500 square feet.

The 13-story Eastern Columbia Building was designed by Claud Beelman in 1930, considered to be one of the city’s best examples of Art Deco architecture still standing.

Johnny Depp’s collection of five penthouses in the famous Los Angeles Eastern Columbia building were available in 2016 as a group for $12.78 million USD; they are not currently on the market. For the Silo, Genelle Brown.

Photos: James Lang, Berlyn Photography for Partners Trust (now Compass) Video Credit:  Sean Evans, @evvo1991

Culture

Pros And Cons Of Condo Living

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If you are considering taking your first steps onto the property ladder, you basically have a choice between purchasing a condo or purchasing a house. Which is right for you depends on your circumstances and wants/needs.

Condo living pros and cons

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A condo encompasses more elements of apartment living which can have both its benefits and drawbacks, and it is important to weigh these up before you make a final decision and take on what is a huge financial undertaking. Why not check out the Mirvish + Gehry condo complex to see an example of what’s on offer and then come back here to find out more about the pros and cons?

#1: No Mowing the Lawn

One of the biggest pros of living in a condo is that there is very little to look after aside from the general cleanliness of your home, and even then, there’s not a whole lot of that in comparison to a house. Less square footage means less cleaning and no garden means you don’t have a lawn to mow, a garden to tend to or a roof to repair when things start to go wrong. This leaves you with more time to do things which you truly enjoy.

#2: A True Sense of Community

When you are living in a condo building, there’s a true sense of community between you and your fellow residents, especially when there are communal areas such as lounges and game rooms. This is much better than living in a street where people keep themselves to themselves and don’t get involved with each other. You will make more friends and develop relationships.

Community meet up in condo elevator
Image- liherald.com

#3: It Can Be Quite Noisy

The obvious downside to living in a condo vs. a detached house is the noise factor. When you live in a condo, you are adjoined to other people’s homes and sometimes there can be problems arising due to noise. Although modern condo buildings have good sound insulation, it’s not perfect and this is an important consideration if you are somebody who doesn’t like the slightest bit of noise from other people.

#4: You Can’t Choose Your Neighbours

Although you can’t pick your neighbours with a house, it’s easier to avoid them. When you live in the same block as neighbours whom you don’t like, avoiding them can be difficult as you are forced to share certain parts of the building with them. Although there can be a great sense of community, this can work in the other direction and be more of an inconvenience than anything else.

When it comes to deciding between buying a condo and a house, the decision can be very hard to make. It requires a lot of careful thought before you dive into it – you’ll probably be living in your condo for several years and it’s important to make the right choice. There are many other pros and cons associated with living in a condo vs living in a house, so before you commit to anything, carry on doing your research. For the Silo, Dimitry Karloff. 

Culture

Nashville Population Rise Sparks Demand for Condo Development

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Meg Epstein, founder of CA South Development and Condo Queen of Nashville, has funded over $200 million usd in the expansion of condo projects aimed towards bridging the gap of disproportionate construction of properties in Downtown Nashville.

According to the U.S Census Bureau, Nashville, Tennessee has witnessed a steady hike in population within the metro area as it’s averaging approximately 100 new residents per day. Forbes lists the city as the 7th on America’s Fastest Growing City List. The resulting and overwhelming demand for housing in the metro area has lead to an influx of rental properties, leaving a shortage of condos and townhomes despite an increasing demand for them. Another report projects the supply to increase but will still fall short of the overall demand within the city for 2018, consisting of only a two-month supply of condo units. 

Nashville Condo Shortage
GERMANTOWN WATERFRONT CONDOS, NASHVILLE, TN – IN PROGRESS. Boutique new construction development of 35 luxury, waterfront condos nestled between the historic neighborhood of Germantown and Downtown. River Tower offers a relaxed balance between the natural elements of the Cumberland River and the eclectic destinations, venues, restaurants and professional office spaces of downtown Nashville. Features will include spacious balconies that cantilever over the water, superior modern interior architecture and finishes, and Wolf-Subzero appliances.

Per Meg Epstein, founder of CA South Development, Nashville’s disproportionate emphasis on apartment construction is unsustainable. Even with the increased demand to build properties to accommodate the population increase, Epstein points out the issue of banks favoring apartment projects for construction instead of condos or townhomes.

“Banks favor apartment projects, since they don’t mind recouping their investment over a period of years,” said Epstein. “However, market trends indicate condos are a far better investment option.”

The Wall Street Journal reports that millennials have “flocked to downtowns to live closer to jobs, transit and urban amenities, and the National Realtors Association reports that millennials now represent 36% of recent homebuyers. The fact that 29% of Nashville’s population falls into the 20 to 39 age group may help to explain the rising demand for urban condos. Epstein anticipates a continued population surge in Nashville and believes residential development will remain a smart bet. PwC ranks Nashville #9 for “Overall Real Estate Prospects” and #5 for “Investment”, and Forbes lists it at #6 in its “Where to Invest in Housing in 2018” analysis.

Today, Epstein is in the process of constructing condo homes to not only correct the supply imbalance in the region but to serve the consumer needs of millennials.

Meg Epstein

In fact, one of Epstein’s projects, River Tower, a 35-unit development, emulates urban centers from all-across the United States with its modern design and proximity to the Cumberland River and Germantown, mirroring real-estate paradigms of Brooklyn, Boston and Tampa. Nashville’s “Condo Queen” is putting her ardent vision for Nashville’s condo market to the test as her decade of construction expertise is being applied to blossoming the city’s residential neighborhoods with the development of a mixed-use, retail and 312-unit condo development in Downtown and two mid-rise condo homes south of the Gulch and in range of 8th Avenue South.  For the Silo, Ashley Richardson. Featured image- mixed use condo living Downtwon. 77-Unit Condo building with retail below. Modern aesthetic appointments & amenities blend seamlessly with sustainable design elements to shine a light on the benefits of a home based in form & function. Delivery Fall 2019.

Culture

What Single People Need to Do Before Buying A Home

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The usual route to home ownership tends to start with meeting a special someone. When you’re a couple and you want to begin a life together, it makes more sense to get a new home for yourself. You may plan to get a roomier home for the two of you, and especially if kids are part of your plan in the foreseeable future.

What if you’re single? That doesn’t mean that you can’t get a house in Montreal, or a condo in NDG (Notre-Dame-de-Grâce) or anywhere else in Canada. Here are some tips that can help if you’re single and determined to buy your own home:

  1. Get your finances in order. This is the first and most important rule, as money will always be an issue for you especially since you don’t have a partner to share the expenses. It can be problematic to get a mortgage when you’re single since you’re less likely to repay a loan than two people together who both work for a living. So, pay off your credit card debts, raise your credit score, finish paying for your car, and have enough money to put down 20% of the house price as down payment.
  2. Have lots of money in the bank. What if you lose your job right after moving into your own home? You’ll need money for all your expenses while you search for a new job. You need some money in your bank account that’s equal to three to six times your monthly wages. Keep in mind that as a homeowner you have to pay for your home’s upkeep along with home insurance and property taxes. 
  3. Make sure to account for all your possible expenses. First-time owners are often unpleasantly surprised when they encounter expenses that they don’t normally deal with when they were apartment tenants. Home ownership can be very costly, especially when you have to remodel your home. It’s also difficult to estimate what you’d have to spend, especially when you have a backyard to maintain.
  4. See if a condo makes more sense for you. In general, a condo unit makes a lot more sense than an actual house if you’re still single. A condo will probably be located closer to where you work. It’ll also be located right in the middle of the city you’re in, so entertainment establishments are conveniently nearer. A condo building can have amenities that you’ll appreciate when they’re nearby, such as a gym or a salon. It also provides you with more social opportunities to meet new people so that you’re no longer single (if that’s what you want, of course).
  5. Be conscious about security. Security is another reason why condos work best for singles as they usually have guards in the lobby to keep out strangers. If you’re living in your own house, you may want to put in a strong lock on your doors and perhaps on your gate. You should make friends with your neighbours, who can call the police when they see strangers in your home when you’re not there. A security camera tied into your smartphone can help as well, though a dog can also be useful.
  6. Look for houses with a friend. Couples have the advantage of having someone to discuss their home options so that they’re more certain of their choices. If you’re looking for possible homes to buy, make sure you call a friend to come along. They can help you think logically so your emotions don’t get the best of you.

Of course, one “side effect” of having your own home when you’re single is that you generally become more attractive to potential partners. Just make sure you buy the right home when you can actually afford it, so you can actually enjoy your new status as a homeowner. For the Silo, Dimitry Karloff. 

Culture

10 Ways You Can Make Money from Your Condo

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Many people are currently looking at Montreal condos for sale, as the present boom in the property market makes it an ideal investment. As these developments continue, Montreal is also becoming more and more attractive to employees, tourists, homeowners, and investors alike.

Planning to buy a condo and make money from it? Check out these tips:

  1. Assess your surroundings.

First, check your location and what that means for your rental property. Are you near offices? Are you in a family-friendly suburb? Are there other rental properties nearby? How much are they renting it out for? Check out the city government website for said information which can help you better estimate the possible return.

  1. Pick a target market.

Who are you renting out your condo to? This will dictate where you’ll advertise it and how much you’ll rent it out for. Try to pick a target market that’s not particularly saturated, especially considering the area where your condo is located.

  1. Force appreciation of your condo’s value.

Before you rent it out, you can actually force appreciation on its value by negotiating lower maintenance rates. If you can increase the efficiency of utilities like water and electricity, this will lower operating costs and increase value – making it more desirable to possible tenants.

  1. Prepare your condo for renting out.

You have to remember that you’ll also have competition, as you’re not the only rental property available. Depending on who you’re targeting, you should make it appealing and furnish it appropriately. By doing so, you’re making it the preferred choice of consumers.

  1. Put it out in the market.

Even if your condo is ready for renting out, that doesn’t mean you’ll automatically have tenants. You’ll need to advertise that the property available, and using the right channels is also key.

  1. Make all agreements clear.

Be very clear about your rental agreements. Is it a month-to-month contract or are you looking at something more long-term, like an annual lease? Who pays for the utilities? Who pays for the condo fees? Make sure the agreement between you and tenants is very clear to avoid future conflict.

  1. Rent out unused garage space.

Most condos come with a garage space, and you don’t necessarily have to include this in your rental package especially if your condo is in the city and your tenants don’t have a car anyway. You can always rent out the garage space as a lot of people are simply looking for a dependable parking space where they can park when going to work. .

  1. Rent out unused street parking space.

If your condo comes with street parking space, you can also rent this out separately to other tenants in the building.

  1. Consider other schemes.

Open your mind to other schemes for rental, like a weekday-only rental or short-term contracts. This is more likely to happen if your condo is located in a dense area like downtown Montreal, where you have office workers and tourists as well.

  1. Rent it out as office space.

If your condo is the studio type, you don’t have to make it residential. You can also rent it out as office space for professionals.