Key Factors to Consider When Purchasing A Condo

Already you have decided to purchase a condo? Congratulations! This is one of the wisest life-time decisions. Purchasing a condo is a lifestyle choice. As compared to constructing a home, buying a condo comes with few responsibilities. You don't have to be stressed up trying to look for a constructor and thinking of how to equip the home with features, amenities, and such items. Purchasing a condo keeps you off from worries about mowing the lawn and shoveling snow during winter. 

Moreover, condos are relatively cheap and more affordable than when you have decided to construct a home, especially in urban areas. Once you have settled your mind to own a condo, you can go for Condos for sale Cancun. The following are factors you need to put into consideration when purchasing a condo. 

Location, location, location

"Location, location, location" is a major rule applied in the real estate business. It is vital realizing that you might not live in a condo for the rest of your life. At one point, you will choose to relocate and purchase a home that may be away from the urban areas, where you will enjoy a peaceful and relaxing family life. Most people live in condos for a certain period, but they resale their condos as they age. You will need to resell your condo at a profitable selling price. Therefore, the location of the condo of your choice must be in an area that is likely to develop, increasing the value of your property. 

Amenities

What amenities are you looking for? Do you want a condo with a swimming pool, party rooms, gym, guest suites, concierge, and a spacious parking lot? These are among the amenities people look for when purchasing a condo. You must be patient enough when looking for a good condo with the amenities you want. Check out for good ones with a real estate agent in your area or from reputable online websites. Nevertheless, you have to remember that the more amenities, the higher the purchase price. 

Condo rules

In most cases, condo living basically does not have similar freedom as when you are living in your home. There are restrictions placed by the owner on residents, for example, restrictions on pets to keep. Some condos might allow the keeping of small dogs or completely ban all types of dogs. Residents might not be allowed to renovate their condos without permission, and so on. Therefore, know the rules for every condo you feel like buying. 

Reserve funds

There is a need to have adequate money in the reserve fund to avoid the risks of condo fees skyrocketing. The importance of reserve funds is to cater for expenses including repair and maintenance of amenities like swimming pool and parking lot, roof repair, etc. You should engage your real estate lawyer to assess the status certificate and ensure proper management of the reserve fund. 

Size of the condo

Size is an important factor to always consider. Get a condo that can fit your furniture and other belongings. Measure the square footage of the condo and compare it with your existing place. It would be better if you get a slightly bigger one since you might decide to add more properties with time.

Three Things to Understand about the Law and Cruise Ships

You booked your ticket and packed your bags. Boarding the ship was supposed to be a dream come true: an escape from the stress and routine of life. It started off well, dining on massive buffets and soaking up the sun at the pool. Somewhere down the road, your fantasy became a nightmare, leaving you with long-term issues, trouble in another port, and lost money. Can you fight the arrest or ticket? Can you seek compensation for the heartache and trouble? Is it possible to file suit when you weren't on land, leaving you in international waters, far away from a court system? As you pursue action, here are three things to think about.

What if Something Happens at Port?

If you exit a plane and walk into a foreign city, expect to follow that country's laws. The same holds true for leaving a cruise ship. While in port, you are in internal waters. If you did something that violated native laws, you can be held accountable by the local government. For example, did you get into a fight at a bar? During this altercation was someone injured? If so, it doesn't matter that you were only there for a day or that you didn't know the rules. When boats enter the open waters, it becomes a different story. The area's police have the right to charge and hold you. You'll deal with their court system to get out of the mess.

What if Something Happens in Open Sea?

In the middle of the ocean, does anyone really have control? Usually about 200 nautical miles from shore, you enter international waters. During this time, ask several questions to determine legal action. If someone stole something from you, you might be able to seek action. But from whom?

Look to the flag for guidance. It's going to tell you which government the ship's company obeys. For example, if the United States colors are waving up above, then most likely you'll need their services to solve the problem, following their maritime law. It is also possible, the captain and crew could seek assistance from a nearby territory. Sometimes governments divide up the uncharted ocean, allowing for some semblance of order. 

What if You Bring Something from One Territory to the Other?

During your travels, you may have gone to a country where an action or item was legal. For example, in some countries, drugs are allowed. You may have dabbled in it during that stay. It was legal at the time. If you reenter the United States and still have possession of it, you cannot claim that it is okay because you had it there. Customs could find the contraband, confiscate it, and charge you. To avoid this, be aware of the changes in borders as well as the expectation for coming back to your home.

Your trip may not have turned out as you expected. It's best to know the regulations and try your best to obey them. When in doubt, get guidance from experts in the field. In the meantime, think about where you are. Ask about their statutes.