When mortgage underwriters approve a residential loan application, they do so based on various financial factors, and the most important is the applicant’s ability to repay the loan. Other factors, such as collateral, credit record, and property values, are also considered, but lenders focus more on what they perceive as the applicant’s likelihood of being Continue…
What Happens if You Lose Your Job Before Closing on a Mortgage?
Condos, Lofts and Penthouses for Sale
8 Gifts You Might Get from Your Realtor
By blog578 in Miscellaneous with 0 Comments
When closing on penthouses, condos, and lofts in downtown San Diego, it’s common for realtors to give new homeowners housewarming gifts. These gifts are a great way to celebrate clients’ purchases, and they can also provide realtors with the chance to advertise their services. Here are some of the fun gifts you might get after Continue…
What Are Common Areas in Condominium Complexes?
By blog578 in Miscellaneous with 0 Comments
When you browse through listings of condos for sale in downtown San Diego, you’ll invariably come across descriptions of common areas, such as swimming pools, parking garages, fitness centers, conference rooms, lounges, and even panoramic terraces complete with fire pits. In condominium towers, apartment buildings, gated communities, and all residential communities governed by homeowners associations, Continue…
Are People Who Own Condos Required to Pay Property Taxes?
By blog578 in Miscellaneous with 0 Comments
Property taxes are assessed on real estate and real property. It’s a common misconception that condo owners don’t pay property taxes because they don’t own the land on which the buildings sit or the buildings themselves, but condo owners do own their individual units. In California, condominiums are considered real property, so they’re subject to Continue…
Tips for Remodeling Your Loft’s Kitchen
By blog578 in Miscellaneous with 0 Comments
When you move into a new loft in downtown San Diego, you may find the kitchen space a bit underwhelming. Depending on the developer, that may be intentional. A traditional loft conversion that starts with a former commercial space involves creating as much open space as possible, and this may include a kitchen with minimal Continue…
Top Trends in Interior Design for Condos in 2020
By blog578 in Miscellaneous with 1 Comment
Is your condo in downtown San Diego starting to look outdated and boring? There have been a few distinctive design changes lately that can breathe fresh life into any home. Here are the top trends of 2020 to use in your condo’s interior design. Arched Shapes With its clean lines and gently rounded curves, the Continue…
Essential Home Repair Skills Loft Owners Should Have
By blog578 in Miscellaneous with 0 Comments
Lofts are part of an ongoing real estate trend in downtown San Diego. For the most part, lofts are converted from former commercial spaces. One example is Postal Lofts, a multifamily structure in the Golden Hill neighborhood that was a post office in the 1960s and is now the site of three upscale lofts. Not Continue…
Can I Remodel My Condo?
By Mike in Miscellaneous with 0 Comments
Have you found a condo you love, but it looks like it needs a little work? Renovating condos isn’t quite as simple as renovating a stand-alone house, but this doesn’t mean condo upgrades are impossible. Here’s what you need to know before you start planning any remodel for a condo. Check Your Condo’s Rules About Continue…
All About Real Estate Law [Infographic]
By Mike in Miscellaneous with 0 Comments
If you’re thinking about purchasing a home in downtown San Diego, real estate law might not necessarily be the first thing you think you need to know about. However, in the event you do need know about real estate law in the future, it would be helpful if you already had a basic idea of Continue…
Similar to housing markets in other urban centers, the market for residential real estate in downtown San Diego primarily offers three types of properties: condominium units, lofts, and penthouses. These are all classified as attached properties, which means they share walls with other units in multifamily residential structures. Lofts are usually converted properties, and they Continue…
Ways to Keep Your Loft Warm During Winter
By Mike in Miscellaneous with 0 Comments
In San Diego, a city blessed with plenty of sunshine and mild weather during most of the year, late December and early January tend to bring some very low temperatures. In 1913, when meteorological instruments were kept in a weather station near the Marina district, a low of 25 degrees Fahrenheit was recorded on January Continue…
The relationship between a landlord and a tenant is a complex arrangement that involves both parties fulfilling duties in exchange for benefits. A tenant is expected to respect the property and pay rent on time, while a landlord has to do several things to ensure the property is a safe and habitable environment. In the Continue…
Across San Diego, you can find many apartments and condominium units. You’re more likely to find condos in downtown San Diego, but once you get into other parts of the county, particularly those around UC San Diego, apartments are more common. The difference between these two types of homes doesn’t mean much to architects because Continue…
Owning a home provides you with more than privacy and independence. It can also be a wise financial move that helps you save money and potentially make an impressive profit. Purchasing a home comes with these fantastic monetary benefits. Build Equity One of the biggest financial benefits of owning a home is that it lets Continue…
By virtue of the various forms of revenue it generates, the real estate industry will always be a major driver of the American economy, particularly with regard to property taxation. When economists estimate the cost of living in various American regions, property taxes are a leading factor in their calculations because these taxes are both Continue…
Condos can be very convenient and luxurious, but many people are cautious about the idea of buying a condo in downtown San Diego because of HOA fees. You may have heard that HOA fees can add hundreds of dollars to your monthly bills, so it’s reasonable to be concerned about this. However, the reality is Continue…
Why Is It Called “Real Estate”?
By Mike in Miscellaneous with 0 Comments
“Real estate” is one of those terms people hear every day without thinking about it. However, if you stop and consider the term, you’ll probably end up wondering what it actually means. Of course, the “estate” part of it makes sense, since that’s the word for a type of landed property, but where does the Continue…
In the world of real estate, construction, and finance, properties are generally classified as commercial or residential. Within the latter category, properties are often called dwellings, and they can be described according to building structures. Single-family residences are detached dwellings built on single lots, which means they don’t share walls with other structures. Attached dwellings Continue…
Downtown San Diego parking can seem a little confusing at first, but once you get the hang of things, it’s quite simple. The city uses various colored curbs to mark all the parking zones in downtown. Parking in the wrong spot can lead to being towed, fined, or experiencing other unpleasant consequences, so it’s important Continue…
Do Popcorn Ceilings Reduce Sound?
By Mike in Miscellaneous with 0 Comments
Popcorn ceilings, also known as acoustic ceilings or textured ceilings, reached their height of popularity between the 1940s and 1970s as an affordable way to finish ceilings and reduce noise. While popcorn ceilings are rarely considered desirable today, you’ll still see them in homes across the country, including San Diego condos downtown. Here’s what you Continue…
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