These differences mean higher total costs for vacancy and maintenance. When an investor turns to a lender for financing, approval is based more on the financial characteristics of the property than on the borrower’s finances. Lenders are more concerned about whether the income from assets will cover payments than the…
Tag: apartment
What You Need To Know Before Buying An Apartment
If there is not enough money in the reserve fund and unexpected costs arise, such as a tree falling on the roof, the board will vote to impose a special assessment on all owners. That means you’re legally required to pay an additional fee, which can be hundreds or even…
How To Budget Your First Apartment
At the same time as your rent, you may also be preparing to buy a home and can use the time to improve your credit or save on a deposit. Here are 15 financial tips that you can use to optimize your rent finances. Another good rule for renting stipulates…