Factors to Consider When Choosing an Apartment

If you are looking for accommodation, you may need to consider the opportunities offered by companies and those offered by individual services. However, if you have a larger budget, corporate apartments make a better option. With this type of serve, you can facilitate your payments using any convenient option, including credit cards and cheques. You can find suites or condominiums located in high-end locations, usually in buildings close to corporate hubs, public transportation, subways, shopping malls and restaurants. The factors to consider when choosing a corporate an apartment include:

· Consistent service design

It is important to find an apartment that offers a pre-set list of amenities which cater for your needs. Get rid of any ambiguity by finding out what is available in the premises. Find out whether hi-speed internet, direct dial, voice-mail and international calling are available, because most of these facilities can be a challenge for individual services to offer due to control and billing issues. Many of the corporate services offer tasteful suites and so you can expect everything to function properly.

· Housekeeping standards

Companies with hundreds of apartments to manage do not invest readily in housekeeping standards. On the other hand, individual owners are keen about housekeeping standards. As a result, they often compete more effectively on this platform. However, it is not all gloom and doom for companies, by shopping around and reading customer reviews you will find a company that offers quality housekeeping standards.

· Budget

Individual apartment owners are often cheaper than companies. However, by shopping around for corporate apartments and comparing quotes, you stand a better chance of finding an apartment that has been priced competitively. However, you must be careful about basing your decision solely on price, because you will get what you pay for. If you are interested in quality services, you should be ready to pay a little more. If possible, negotiate in advance certain amenities. Reading through the customer reviews will make you discover the quality of service to look for.

· Customer service

Daily problems, such as kitchen sink leaks and toilet overflows are common in apartments. In the event of any problem, living can become challenging. Therefore, it is only fair for them to be resolved the earliest time possible. Most of the companies deal with such problems by moving residents to different units or an upgrade. Therefore, it is important to find out how a company deals with problems when they occur. By reading customer reviews, you will be able to gauge the level of satisfaction among customers on this issue.

Luxury Apartments Living – What Can You Expect?

Luxury apartments for rent can be considered the proper choices for those that love sleeping in comfortable beds designed in the newest style, enjoying breathtaking landscapes and various facilities. The rentals available nowadays have lots of things to offer among, including fitness centers, pools on the rooftop, intimate media rooms, pet services and so on. Choosing to live in such apartments might turn out to be a great choice because the offer is amazing. The excellent features encountered here, the fantastic places and the great people will make you feel like home in a rental luxury apartment.

Hospitality

The most important thing when it comes to luxury properties is your protection and comfort. These places can offer fabulous welcoming services and incredible amenities which will make your living experience unique. Every room is tastefully decorated and has all the right things that can make you feel like home while the apartments include a bunch of facilities. Here are some of them.

Vision

Normally, a luxury residence means open space, elegant designs and complete features. These elements cannot miss from this type of apartments. Huge balconies and terraces are available and come hand in hand with over-sized kitchens and baths to make you feel comfortable with every step. In addition to this, the apartments offer amazing views and are pet-friendly. And since everyone has their own desires, one, two or three bedroom places can be rented, but also studios or duplex residences.

Health

Your health is very important, so the sanitary professionals will make sure that a clean set of towels and great cotton bed sheets or pillows will be at your disposal in order to satisfy your wishes. Also, the blankets and duvets that are on display are controlled daily.

Concierge and business services

Among other services, you will also be offered room service, massages, breakfast delivery, personalized guides etc. Not to mention the intimate dining club that can be rented for business meetings or dinner parties.

Security

As you can expect from luxury apartments, there are smoke alarms, security locks, fire-proof safes where you can deposit documents or assets. And guests can even entertain themselves and socialize in a big lounge.

Kitchen

Cooking in a kitchen from a luxury apartment is a real treat, since it is equipped with all the modern tools needed. Guests can find here a wide range of appliances (dishwasher, refrigerator, disposal, dishes, microwave oven, toaster, table cloths, coffeemaker etc.)

Theater and garage

When you feel bored, you can invite your friends to spend a fabulous night at your own cinematic center. The private home theater available in each apartment can really transform an ordinary film night into a great experience. And if all your guests come by car, a spacious garage is also available.

Luxury apartments are always ready to receive their guests. With amazing health centers, pools, clubhouses and lot of space, the luxury apartments will make everyone feel relaxed and comfy. You can be a simple guest, a business traveler or a long-term resident. The luxury conditions will be all the same!

The Advantages of Renting an Apartment vs. Owning a Home

Compared to owning a home, living in an apartment rental is incredibly easy. Why do the work yourself when you can enjoy the following benefits:

· Dedicated property and maintenance staff to call if anything goes wrong

· No back-breaking snow shoveling, lawn maintenance or pool/sauna care

· One single monthly rent cheque usually pays for everything (instead of several separate bills and fees when you own a house or a condo)

You Get More for Your Money

Believe it or not, you can usually rent an apartment or house for much less than the cost of buying it – especially if you live in a larger city. And if you want to be right downtown, renting is almost always more affordable than owning a condo (and you get a lot more living space, as well, as downtown apartments are usually much larger than downtown condos).

As well, apartment renters don’t have to come up with the thousands of dollars in down payments, closing costs and fees for things such as building inspections, legal counsel, land transfer taxes and insurance.

And this doesn’t even factor in the cost of borrowing – in the first five years of ownership, most mortgage payments are applied only to the interest, not the capital. This is money that you won’t get back when you sell your home (and you’ll still have all the hassles and extra costs of putting your house on the market).

That Tax Break is Not Guaranteed

Getting a big tax break is supposed to be one of the greatest advantages of owning a home – but you can’t always rely on getting this break. If your annual mortgage interest payment, plus any other deductions you are entitled to, isn’t greater than your standard tax deductions, you will not receive any tax benefit from owning a house.

If you rent an apartment, however, you’ll always receive some form of tax relief, as a large portion of your rent is tax deductible every year.

Maximum Flexibility

Renting provides an enormous amount of flexibility. You can pack up and leave immediately at the end of your lease (which can be monthly or yearly, whatever best suits your lifestyle) – there’s no waiting to sell and no agonizing about the housing market before you move. For many people, the freedom to live where you want and when you want is a huge benefit that simply cannot be overlooked.

Minimum Risk

For homeowners, the stakes are enormously high should their finances crumble. When they can’t pay the mortgage, the lender has great leverage – the house and all the equity invested in it could be in jeopardy. That’s not to say there aren’t consequences if a tenant can’t pay the rent – but the financial devastation that comes with losing your home is far greater than being evicted from your apartment.

In addition, there are several social service programs that are run by all levels of government to help people in need pay their rent so they won’t be evicted. Are the banks as lenient or supportive when it comes time to pay the mortgage?

Ultimately, making the decision to either rent an apartment or buy a home involves much more than simply comparing rental rates, mortgage payments, lease lengths and tax breaks. It’s a combination of all of the personal circumstances happening in your life – both now and several years down the road.

Never Ask For Or Buy Just the "Interest Rate" – Navigating the Mortgage Maze

A couple of key tips regarding interest rates:

  1. It’s Not the Rate You Need to Know: When applying for a loan, never ask for just the “interest rate”, but always ask for the APR.  The APR is inclusive of fees and cost and is the ACTUAL cost for the loan on an annual percentage basis (if quoted accurately).  The interest rate alone does not.  Therefore, you may get quoted 5.00% interest, but after fees and costs have an APR of 5.50%.
  2. Check the APR: Once quoted an APR, always check it against a mortgage calculator (these are available free online at places like bankrate.com) to be sure it is accurate.  All you need is the loan amount, payment and term to check.  If the loan amount, payment and term you put in do not match the APR you were quoted, then you were misquoted and need to find out the truth.
  3. The Low Rate You See is Not Necessarily What You Get: Don’t be fooled – the low rates you see advertised are for the very best qualified.  This means 720 to 740 FICO or higher in today’s market, with verifiable income, maximum 80% loan-to-value and low debt ratios.  As your credit score drops and your equity usage or debt ratio increases, your rate most likely will too!  Also, there are lots of additional “premiums” for things like cash out, condominiums and the like.
  4. Rate IS NOT the #1 Consideration in Many Cases: As important as  rates and APR’s are, what’s more important is what you get for the rates and APR.  You can get a great rate and a bad loan or a competitive rate and a great loan.  It comes down to looking at more than just the rate and payment, but also: the term, the tax costs, the fees paid, the purpose for the loan and the all-encompassing cost or benefit.  In other words, if you got a greta rate, but extended your loan term, increased your taxes, paid unnecessary fees and did not capitalize on the best loan for your situation then it was not beneficial (this happens the majority of times in a rate and term refinance).  But if you cut your payments, terms, taxes, reduce debt, save money up front, improve your financial position and negotiate fair fees, you have really done yourself a great service!

Let me leave you with this nugget of truth from Proverbs 24:3 – “By wisdom a house is built, and through understanding it is established”