About Bloomfield's Whitestone Gardens Condominium Complex

You have made the decision to purchase a condo in Bloomfield New Jersey's condo complex, Whitestone Gardens. Purchase price and terms negotiated; attorney review concluded; inspection done; homeowner's insurance policy? What is homeowner's insurance for your Whitestone Garden Condo?

If you are a first-time homebuyer and were a tenant prior to purchasing, you may be familiar with Renters Insurance but now that you are buying a condo in the Whitestone Gardens, there's MORE you need to protect THAN just your personal possessions.

Most condominium associations, including Whitestone Gardens Condominium Association maintains insurance to cover the common property, but each unit's interior construction is the responsibility of the homeowner. If your condo is destroyed, it may be up to you to replace drywall, flooring, cabinets, lighting fixtures and so on. The Master Deed and Bylaws of the Whitestone Gardens Condominium Associationinsures from the studs of the wall outward so your individual homeowners insurance for your Whitestone Gardens condo should cover from the studs in.

I am not an insurance agent or a member of the Whitestone Gardens Condominium Association or its Board of Directors and am not affiliated with Monticello Management and therefore I strongly recommendthat if buying a condo in the Whitestone Gardens Condominium Complex that you review the Master Deed and Bylaws and discuss insurance requirements for your individual condo with your insurance agent.

Thinking of buying or selling your unit in Whitestone Gardens? Contact Gina Chirico and enjoy the simplicity of one floor living in Bloomfield, New Jersey's Whitestone Gardens.

Bloomfield New Jersey's Condo Complex

Whitestone Gardens Real Estate Market Report and Stats for March 2010

The 188 unit Bloomfield New Jersey, Whitestone Gardens Condominium complex is located on Hoover Avenue, conveniently nestled between to John F Kennedy Drive, Broad Street and Bay Avenue.

Bloomfield New Jersey's Condo Complex Whitestone Gardens Real Estate Market Report and Stats for March 2010:

With only 2 months of supply on the market indicates it can be a seller's market for unit owners in Bloomfield New Jersey's Condo Complex, The Whitestone Gardens.

There is currently one first floor, one bedroom condo unit for rent in Bloomfield New Jersey's Condo Complex, The Whitestone Gardens.

The Whitestone Gardens offers the simplicity of one floor livingand is conveniently located near New York City transportation, buses, Bloomfield shuttle, local shops and Brookside Park.

Thinking of buying or selling your unit in Bloomfield, New Jersey's Condominium Complex, Whitestone Gardens? Contact Gina Chirico, for The Whitestone Gardens.

Whether you are considering buying a unit in the Whitestone Gardens in Bloomfield, New Jersey or a different condo complex, being familiar with the most common condo terms used is important.

If you are an empty nester downsizing, condo lingo can be very different than the terms you recall being used when you purchased your single family home. If you are a first-time buyer, being familiar with the common condo terms can alleviate some of the anxiety and stress as you move forward with your purchase.

I have created this list of common condo terms and definitions to assist in purchasing your Whitestone Gardens unit or in the New Jersey condo complex of your choice.

Before I get started with the common condo terms, I want to clarify a common misinterpretation of the term condominium or condo:

Condominium ("condo") is a type of ownershipand is NOT the style type of a building. Ownership in a condominium community, such as Whitestone Gardens, means you own title to the interior space of your unit, combined with joint ownership of commonly used property or "common elements" (such as sidewalks, hallways, stairs, etc.).

Common Condo Terms:

Acceleration Clause: Association may demand that owner, upon certain conditions stated in the governing documents; remit all maintenance due for the remainder of the year, immediately.

By-Laws: The rules adopted by a corporation or other organization for its own operations and government, subservient to the Master-Deed.

Common Elements: That part of a property which is not specifically part of a condominium unit. Common Elements are more specifically defined and described in the Master-Deed of a Condominium.

Common Facilities: All those facilities on the property which are there or have been built for the use and benefit of all the owners of the condominium (pool, tennis courts, gyms, parking lots).

Condominium Association: A not-for-profit corporation formed to manage and operate the condominium.

Conveyance/Deed: An instrument by which TITLE to property is transferred; a deed.

Escrow: The giving of consideration to a third party until the happening of some event.

Fee Simple Title: The absolute ownership of real estate without restrictions or limitation on how the owner may sell the real estate.

Governing Documents: Master-Deed, Article of Incorporation, By-Laws.

Lien: The right to take and hold or sell the property. A LIEN is a right established by law.

Limited Common Elements: At some association, parts of the structure are used exclusively by owners but are still owned by the association, for example: driveways, balconies, roofs, backyards, etc. Limited refers to the use by the resident.

Now that you're familiar with the common condo terms, let's go look at the Whitestone Gardens Condominium Complex in Bloomfield, New Jerseyor the condo complex of your choice in Essex County and/or neighboring Morris, Passaic and Union Counties.

Gina Chirico, Sales Associate for Real Estate in Bloomfield, New Jersey's Condominium Complex, The Whitestone Gardens,

Tucked away just behind John F. Kennedy Drive in Bloomfield, New Jersey sits Whitestone Gardens Condominium complex. The 188 unit Whitestone Gardens Condominium complex is located on Hoover Avenue, conveniently nestled between to John F Kennedy Drive, Broad Street and Bay Avenue. The Bloomfield, New Jersey Condo Complex, the Whitestone Gardens consists of 188 units, 12 buildings and two driveways. Buildings 1-5 are located in Whitestone Gardens Driveway #2 while ironically buildings 6-12 are located in Driveway #1.

Whitestone Gardens, a Bloomfield New Jersey condo complex, offering the simplicity of one floor living, is comprised of one and two bedroom units, each unit with their own balcony (deck/patio), kitchen, living room, dining area and bath. Some units with garages and others without. Units without garages share common area parking. Laundry facilities are available on site.

The Whitestone Gardens 188 unit breakdown is:

• 89 one bedroom units;
• 51 one bedroom units with a single car garage;
• 20 two bedroom units;
• 27 two bedroom units with a single car garage;
• 1 two bedroom with two garages.

The Whitestone Gardens Condominium is managed by Monticello Management, Inc. Roughly 85% of the units are currently owner-occupied with the remainder 15% of units occupied by tenants. The individual real estate tax for each Whitestone Garden unit range from the mid $3,000's to the upper $4,000's. The monthly maintenance fee per unit is approximately $300 and includes heat, maintenance-common area and snow removal.

The Whitestone Gardens offers the simplicity of one floor living and is conveniently located near NYC transportation, buses, Bloomfield shuttle, local shops and Brookside Park.

Thinking of buying or selling your unit in the Whitestone Gardens complex? Contact Gina Chirico for Bloomfield, New Jersey's Condominium Complex, The Whitestone Gardens.

If interested in purchasing a condo in Bloomfield New Jersey's Condo Complex, Whitestone Gardens, or any other New Jersey condo complex, please take the time to familiarize yourself with the most common condo terms.