Posted on 06-27-2017 by Nikki Malek
There are so many new buildings popping up throughout San Diego the buying a new condo is a possibility for many homebuyers right now. When looking at new buildings, you might think there's nothing wrong with them but actually, the opposite is true. Consider buying a new car; nobody has worked out the kinks and so you are the first one to experience any issues or design errors. The same goes for condominiums. Construction, materials, and architecture all play into whether or not you've purchased a good building.
When purchasing a brand-new condominium and you are the first to live in the building, there are some questions to consider and ask either your listing agent or your buyers agent.
Ask about the "outside date". If the building is completed by its due date, you could receive your down payment back should you choose to. That date is called the outside date. If you choose to stay you might be able to negotiate a slightly earlier outside date.
Ask about the developer and/or builder. Is a well-known in the area and familiar with city codes and building requirements?
Ask about closing costs. Often times buying a brand-new building will have additional closing costs that you would incur from an existing resale building. It's important to know all the costs involved and fees before signing on the dotted line.
What about amenities and concessions? These might be hidden perks or bonuses that builders or developers could give a buyer. They won't affect the sales price but they could save you money. Be sure to ask, because you just never know.
Are there any building extras that you have to pay for? Many times extras or amenities are an additional fee. This could include golf membership or equity in a certain club or simple things such as using the pool or game room. Ask about these additional fees and if you're willing to pay for them.
Ask about tax breaks. Some tax abatements on it buildings will allow buyers a kickback from purchasing a home in a building that is replaced an older, more rundown neighborhood. This could cut your monthly property tax bill, and maybe significantly so it's important to ask.
For more information on buying a new construction condo building in downtown San Diego call our office today. Browse the website for details and listings or contact me at any time.
Posted on 06-22-2017 by Todd Deboer
There is a beautiful new listing at Harbor Club, #1806 for $850,000. This gorgeous remodeled unit is a one bedroom, one bath residence with 1036 square feet of living space. The owner has updated the interior with more than $100,000. This unit has stunning views of San Diego Bay, Coronado Bridge and the Downtown San Diego skyline. Harbor Club is one of the most coveted addresses throughout the Downtown San Diego real estate market. Located at 100 Harbor Dr., The Harbor Club is located in the heart of the Marina District. It is a picturesque twin tower developments with 41 stories and a total of 201 Downtown San Diego Condos. Harbor Club has some of the best amenities in all of downtown, featuring a lush pool, cabana, and courtyard area, gym, 24 hour security, community lounge and door man. The HOA fees for this unit are approximately $1200 per month. For more information on this unit, click here. Otherwise, reach out to your Condo Showroom agent today.
Posted on 06-21-2017 by Nikki Malek
This brand-new listing at 3990 Centre St., #103 in San Diego is one of uptown's newest and most exclusive buildings. Priced at $510,000 is this 1060 square-foot, two bedroom, two bath and one car parking space condominium only listed on the market for just two days in the desirable Hillcrest community.
Built in 2005, this boutique building offers style, convenience and a perfect location. Enjoy custom upgrades including travertine tile in the entryway, kitchen and bathrooms, custom hardwood floors, granite countertops and maple cabinetry. The kitchen both stainless steel appliances and pullout drawers. There's a gorgeous balcony with additional storage, a cozy fireplace, and central AC. There's full-size laundry and the unit even comes with a free flatscreen TV and other details.
Residents enjoy a one car parking space and secure offstreet parking close to everything in the Hillcrest District including shops, restaurants and the famous Hillcrest Farmers Market. Homeowners dues are $330 per month and cover all common area maintenance, building and landscaping maintenance, gated entrance, most utilities, and limited insurance.
73% of units in this complex are owner occupied. Pets may be allowed but are subject to limitations and restrictions. This home is within the San Diego school district and students utilize the Birney elementary school, which receive the 9 out of 10 as well as the Roosevelt international middle school all less than a mile away.
This home boasts an 84 walk score, a 59 transit score and a 74 bike score. It's perfect for those that choose not to own a car as shops, restaurants and markets are all within a couple of blocks. If you'd like to know more about this brand-new listing, which is sure not to be on the market for very long, contact our office today.
Posted on 06-19-2017 by Todd Deboer
There is a new unit that has just come on at The Grande, unit 804 for $890,000. This is a 2 bedroom, 2 bath Downtown San Diego Condo featuring 1336 square feet of living space. Finishes include hardwood floors, fireplace, floor-to-ceiling window, granite counters, stainless steel appliances and much more. Plus this unit comes with two side-by-side parking spaces. From the balcony, you have beautiful water views and from the rest of the condo you can see the beautiful Downtown San Diego skyline. The HOA fees are $900 per month. Amenities include 24 hour security, concierge, fitness center, pool, spa, barbecue grills, sauna, steam room and community lounge. Ti is 39 stories and contains a total of 221 condos. For more information, click here. Otherwise, contact your local Condo Showroom agent for more details or a private showing.
Posted on 06-19-2017 by Nikki Malek
I love answering different questions that come up in the real estate world because you just never know what someone is going to ask you. This is great fodder for real estate blogs because if one person asked it, there must be other people that if the same thing. One of the most recent questions when showing the buyer a condominium in San Diego was the likelihood of a criminal break-in.
Now, it all depends on where the condo building is and how much security it has. Obviously, there are safer places than others around San Diego County but, as a real estate agent, it is my ethical duty not to steer a client one way or the other. I can't say, well, this area is a little safer than that area over there. I can urge my clients to do their own due diligence and research and find out the criminal activity in the area but, I can inform them of the security measures a particular complex or building will take.
As far as how likely a building is to be broken into, it's not something most Realtors will know. The general crime rate for the area is public record but it's not like I'm going to say, well, there's a 50% chance your condo is going to be broken into. That's just not something I'm going to know. But, there are many precautions for a lot of the condo buildings around San Diego. Many have guard gated entrances for parking lots or underground parking garages, many have lobbies with attendance and concierge services, and many have key coded elevator so that no one can get up the elevator unless they have the proper clearance.
If you are concerned about the crime rates for a particular building it's important to ask the concierge, lobby attendant or security guard on staff. They should be able to answer questions and ease your mind about the amount of security a building has. Of course, if there are no security measures, you probably can guess that the building has a higher chance of criminal interference. For information on secure buildings throughout San Diego or to answer any of your real estate questions please contact me at any time.
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