Search Results for:

Should a First-Time Condo Buyer Consider Purchasing a Foreclosure?
Should a First-Time Condo Buyer Consider Purchasing a Foreclosure?

Should a First-Time Condo Buyer Consider Purchasing a Foreclosure?

  |   By AuthorMy First Apartment
By Stephanie Brimo First, let me describe a foreclosure. Also known as an REO sale or a bank-owned sale, a foreclosure takes place only after the home’s original owner has stopped paying the mortgage for a long enough time (often a year or more) that the bank has the legal right to repossess the home.…
5 Renovations You Should Never Try to DIY
5 Renovations You Should Never Try to DIY

5 Renovations You Should Never Try to DIY

  |   By AuthorMy First Apartment
Whether you consider yourself handy around the house or you’ve just got a weekend free, a DIY project to spruce up your condo can be a creative and profitable use of your spare time. Unfortunately, not all renovations are DIY. Below are five such projects that qualify as too tricky, too dangerous or both. 1. Demolition It might…
Top 5 Things I Wish I’d Known Before Buying a Condo
Top 5 Things I Wish I’d Known Before Buying a Condo

Top 5 Things I Wish I’d Known Before Buying a Condo

  |   By AuthorMy First Apartment
With any big life change, there’s a certain degree of blind faith. Sure, you ask people who have gone through the same experience (see: MyFirstCondo.com), but often these big changes amount to trial by fire. Looking back with the wisdom of a veteran (almost 2 years!) condo owner, there are many things I wish I’d…
Bidding Wars: 7 Winning Multiple Offer Strategies
Bidding Wars: 7 Winning Multiple Offer Strategies

Bidding Wars: 7 Winning Multiple Offer Strategies

  |   By AuthorMy First Apartment
By Ali Donoghue What if you find a condo you love, but someone else also loves it? It happens more than you’d think. In fact, in many urban areas there are more buyers than suitable condos. That’s great for sellers, but not so great for you – especially if you’re buying your first condo. If…
Condo Decor: 7 Blogs to Inspire You
Condo Decor: 7 Blogs to Inspire You

Condo Decor: 7 Blogs to Inspire You

  |   By AuthorMy First Apartment
You signed on the dotted line and you’ve finally unpacked everything, so now it’s time to give your new condo a little “you” flair! If you’ve made the leap into ownership and have said goodbye to the days of apartment renting, then you are probably looking for more than free furniture finds on Craigslist or ways to…
My Dream Condo: Breaking Down The Cost Of Must-Have Amenities
My Dream Condo: Breaking Down The Cost Of Must-Have Amenities

My Dream Condo: Breaking Down The Cost Of Must-Have Amenities

  |   By AuthorMy First Apartment
When you first think of purchasing a condo the word brings up visions of high-rise buildings in New York, San Francisco or Chicago. Nationwide, however, the idea couldn’t be more wrong. There are all types of condos, ranging from townhouses to small mid-rise buildings to converted old tenement building in up-and-coming urban areas. All these…
You Must Check Out This New Buy vs. Rent Calculator
You Must Check Out This New Buy vs. Rent Calculator

You Must Check Out This New Buy vs. Rent Calculator

  |   By AuthorMy First Apartment
New York Times has just published an excellent  buy versus rent calculator that every first time condo buyer should check out.  It is simple to use and you can easily adjust the assumptions to your specific situation. The calculator covers all key elements that should go into the purchase decision, including: Purchase price How long you…
6 Tips for Picking the Perfect Room Color
6 Tips for Picking the Perfect Room Color

6 Tips for Picking the Perfect Room Color

  |   By AuthorMy First Apartment
When I was living in my first places out of college, they all shared the same central characteristic: boring white walls. I didn’t think much of it. You rent an apartment, the walls are white and you can’t paint them unless you want to paint them back when the lease is up. So, you become…