What is a plan of condominium?

What is a plan of condominium?

The condominium plan is one of the most important documents to review before you buy a condominium unit. It includes key pieces of information such as the size of the unit and what is included with the unit, what is common property, and what you may have exclusive use over.

How do I find a condo floor plan?

Contact your local permit agency or records office. Often these agencies store copies of building plans for decades after the structure has been built. Ask what information you need to supply in order to obtain copies of existing blueprints. Provide the required forms and information, and pick up a copy of your plans.

What are the parts of a condominium?

A condominium is a type of real estate ownership having three parts, condominium units, the common elements and the limited common elements, described in the Declaration and shown on the plans.

What do I own when I buy a condominium?

Basically, condo buyers will own the condominium unit itself, and what’s called an “interest” (along with all the other owners) in the “common elements” (sometimes called “common areas”) of the condominium project.

How do I get a site plan of my property?

From your Bank or Title Company: A site plan contains information mortgage lenders and title companies require. Either should be able to provide you with a copy of your site plan. Your County Office: The site plan is one of the documents submitted to the county when a home is built or a property is sold.

How much do condo interior designers charge?

The average cost to hire an interior designer is $5,406 with most homeowners spending between $1,893 to $11,180. Hourly rates range from $50 to $200 on average or around $5 to $12 per square foot.

How do I convert my condo?

Here are some simple condo interior decorating tips and design ideas that can take your condo from boring to utterly your own!

1. Plants. There’s a good chance your condo in the city lacks access to trees, plants, and nature as a whole.
2. Drapes.
3. Art.
4. Furniture Accessories.
5. Paint.
6. Lighting.
7. Utilizing Space with Furniture.
8. Wallpaper.

How are condo site and floor plans created?

CONDOMINIUM SITE PLANS / CONDOMINIUM FLOOR PLANS Condo Site and Floor Plans are created to define condominium units, define the lot on which the condominium building (s) are located, and to define how the lot is divided into exclusive use areas and common use areas. Condo Site and Floor Plans are recorded with the Master Deed of a condominium.

How is a site condominium established in Michigan?

Creation/Legal Document – A site condominium is established byrecording in the records of the county in which the land is located a master deed, bylaws and condominium subdivision plan (“plan”).

What do you need to know about a condominium plan?

The Condominium Plan shows the engineering specifications of the CID and contains descriptions and diagrams identifying the boundaries of the separate interests (the condominium “units”), the common areas, and exclusive use common areas (i.e., parking spaces and balconies).

What are the requirements for a site condo?

There are five criteria that must be met in order for the units in the complex to be considered site condos, according to the U.S. Department of Housing and Urban Development: Units must be single-family and completely detached from each other. This includes garages, archways, breezeways/porches/decks, or any other attached buildings.