Home Buying Tips
Autor: Antonio Severini | Publicado: 2011-12-14T01:42:00-08:00


Home Buying Tips



Know What You’re Buying

The first rule of real estate: Location, location, location. It is imperative to choose your neighborhood wisely. 

&nbsp;During these tough economic times, this cannot be stressed enough. Your neighborhood is as invaluable as your home—probably more. Why? For starters, your house is only as good as the houses around you. If you are investing on a property for rental, or even making a home your primary residence, thinking the future is crucial.
Yet not everything in home buying is all about the location. The type of house you want to purchase is another important consideration because defining it dictates the other requirements: budget, mortgage plan, future renovations, maintenance, etc. So, let’s not dally anymore and move on to the types of homes you might stumble upon during house hunting.



1. Detached Single Family Home 

Along with the Co-operatives, detached single family homes are located on the far end of the residential spectrum. This type of home can be found anywhere and is typically defined as: a single, four-walled residential structure intended for one family and separated from other homes. Purchasing this type of home naturally makes you responsible for paying property taxes, utilities and mortgage.

As an owner, you are also responsible for everything within the lot, including: insurance, maintenance and repairs. You are free from doing virtually anything you want on the property: inside and out. But although the full extent of autonomy can be tempting, you must remember that you are also accountable for whatever happens to the property. 

2. Co-Operatives

Also more popularly known as simply, co-ops, these properties are owned by a single entity or corporation. Apartment buildings are common examples of co-ops. So, instead of purchasing the unit itself, you are actually buying a membership or shares in the corporation; this makes you “part-owner” of the building. Along with this part-ownership is the responsibility, not only to your own unit but, to the entire building, as well as its individual entities. 

3. Condominiums

These are similar to co-ops in a sense that condominiums are comprised of a number of residential homes in a building or a group of buildings. When you purchase a condo unit, you become an exclusive owner of that unit and other amenities tied with the purchase. You also obtain shared ownership on the portions of the property, or common area, together with your neighbors. The common area may include wide-ranging facilities depending on the building, such as: pools, hallways, parking spaces, courts, gyms and laundry areas, to name a few.

As an owner, you also have the responsibility of paying the Homeowner’s Association. The payment dues commonly tied with HOA are: water, gas, homeowner’s insurance and maintenance. This is the common hurdle when owning a condo unit because your HOA dues can possibly exceed the total sum of your maintenance, insurance, water and gas if you are living alone. This is within the regulations, of course, since the HOA reserve funds for unexpected maintenance expenditures. 

4. Planned Unit Developments

These are essentially detached single family homes located in a community or neighborhood that offers on-site amenities, like some of those found in condominiums, plus more. The only difference this has with detached single family homes is that since they are located in exclusive villages, you must adhere to any regulations set upon by the owners or the HOA – this can reduce the freedom you have in doing whatever you want with your home, which can be frustrating at times.

I hope you found this newsletter as a learning experience interesting. Thank you...






Ricardo Severini - Creci MGF 0024655

Andréa Severini - Creci MGF 0024652
 





So if you're looking for more information about the properties or want to know how to find in Poços de Caldas, MG - Brazil the property of your dreams, then go to: http://www.severiniimoveis.com.br- Or much better make us a visit, we are located:

 

 

 



 





 





Severini Properties – Consultoria Imobiliária – Creci 2891 J


Rua Rio Grande do Sul, 569 - Centro

Poços de Caldas, MG

CEP 37701-740

Brasil




Fone: (35) 3722 6556 - Escritório

Fone: (35) 9102 8951 - Ricardo

Fone: (35) 9146 6242 – Andréa















 




 




 




 














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ricardo@severiniproperties.com

andrea@severiniproperties.com





































































“Intelligence Real Estate - Real Estate Is a Big Business”



Severini Properties - Who We Are&nbsp;&nbsp;&nbsp;&nbsp; 

&nbsp;&nbsp; 

Ricardo Severini is bilingual, has a degree in foreign trade and has worked for various renowned Real Estate companies around the world.



&nbsp;While in his numerous international assignments has had the opportunity to visit over 33 countries. Ricardo has won several awards as the “Best Overseas Sales Director’, for the Caribbean, Florida and Italy.



His company is always recognized internationally by offering his clients the property of their dreams. Ricardo works with his sister Andrea Severini in fulfilling this dream. 



ricardo@severiniproperties.com

Fone: 55 (35) 9102 8951



Andréa Severini brings to Severini Properties her vast experience in the real estate market and many years of successful relationships with buyers and vendors alike.



Her impressive and inexhaustible imagination, marketing know-how and organizational skills have undoubtedly made the past few years the most successful in her field.









andrea@severiniproperties.com

55 (35) 9146 6242





Anthony Ruddock has many years’ experience working in property sales for both lifestyle and investment. Specializing in emerging markets such as Bulgaria, Romania, Spain, Southern Italy (Calabria) and fractional ownership in Thailand. 



Anthony will be responsible for marketing through a network of agents, allowing them to demonstrate the excellent value obtained by Severini Properties for their clients. If you are a property consultant and wish to be considered as an agent please contact him.&nbsp;&nbsp; 



anthony@severiniproperties.com