As a whole, the process of taking out a loan for an apartment is quite simple, as long as the apartment in question features two or more bedrooms. When it comes to granting loans for these types of purchases, banks and lenders usually have no problem doing so. However, problems begin to form when an individual wants to take out a loan in order to purchase single bedrooms, or studio styled apartments. Banks and lenders usually do not like granting loans for the purchase of these types of apartments, because, in the event of defaulting, the bank would more than likely have a difficult time earning the loaned money back through a resell of the property.

Banks and other financial institutions classify loft, studio, and one bedroom apartments as a unit or living space that does not feature a wall separating the bedroom from other sections of the living space, and are usually less than 40 square meters in size.

So for those individuals wanting to purchase a one bedroom, loft, or studio styled apartment, where do they turn to? They turn to individuals known as specialist lenders. Specialist lenders are lenders who are willing to take the risk and offer a loan to an individual to purchase such a one bedroom apartment. However, the loan they offer is accompanied by a higher rate of interest, as opposed to the interest on a loan offered by a bank.

If an agreement is made, lenders usually offer up to 80 percent of the value of the apartment. For an investor, the same amount is reserved for the, but the one bedroom apartment must be located outside of the inner city limits. The same amount also applies to low doc loans, and once again the apartment should be located outside of the inner city limits.

A detached garage with an apartment makes a great guesthouse. Garage apartments plans provide space for storage and add value to your home. You can also generate extra income from your garage apartment! Making a living space over your apartment is a great idea for extra income, or you can use it for a home office. In certain areas you must prove that your home office is separate from your home to qualify for tax purposes. Having the office over your garage with keep your home office completely away from the home. Suddenly your new garage apartment has become a tax write off.

Garage apartments also provide a new sense of independence for your college aged child, if they plan to stay home. Students are always on the lookout for housing that is affordable and garage apartments fit he bill perfectly. Other new members of the workforce may be interested in your garage apartment as well. The potential for this extra income can add value to your home if and when you decide to sell. Some older folks who have retired often decide to live in their garage apartment while renting out their older home that may now be too large for their needs.

For parents who need extra room

Garage apartments can add a new master bedroom for parents of large families who need an extra room. If your garage is attached to your house, a garage apartment can serve as a very large and airy extra bedroom for privacy starved parents. For this type of apartment plan, the extra kitchen may be left off or appliances not added until children have moved away and the parents decide to rent the garage apartment.

Before you start building your garage apartment or purchase new garage apartments plans, check your local building permits and requirements. If you plan on using the apartment as a rental unit, you might need to supply an extra parking space for the renter. You may also need to think of adding stairs to the exterior of the building for security reasons. Be sure to check the insurance requirements as well.

Where to find garage apartment plans

Two sources I like for garage apartment plans are a site called coolhouseplans and one titled archwaypress.

As an example of pricing, coolhouseplans offers plans for a 448 sq. ft. garage and garage apartment at 400 that range in price from a low of $375 for one set of blueprints to a high of $650 for a reproducible set of plans or CAD (Computer Aided Drawing) files on CD-ROM.

Coolhouseplans also has lower-priced plans for a garage and garage apartment that range in price from $220 to $550.

In comparison, Archwaypress offers a single set of plans for a garage and loft $115 or $215 for reproducible masters. It also sells a three-set package of plans for a garage and garage apartment at a cost of $165 for $265 for reproducible masters.

Whichever you choose, a garage apartment can make a lot of sense as either extra room or as extra income.

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There are many people and families that Live Aboard Boats. The question is, what is a live aboard boat? Basically it is one that has the room and facilities you need aboard. It could be a boat ranging in the 25′ size to the skies the limit, I’d imagine. I hear people say “How could you live on a boat?” “What do you do for heat in the winter?” Now really. It’s like someone who lives in an Apartment and people say the same questions above to them. They have a bedroom, bathroom, kitchen, and heat, well so does a boat. Sometimes there is no bedroom (Stateroom) on a boat, it could be a Settee (couch or bunk) depending on the size of the boat. Some boats that are bigger have more elaborate Interiors that some apartments or even homes! Here are some basic things for first timers to think about.

First it is no big deal living aboard a boat… it is like moving into an apartment, you just have to figure out what size you need or want. You could live aboard Powerboat or a Sailboat, it just depends on your preference. Let’s say we are talking about a 35′ to 38′ boat. Some of these boats have 2 Staterooms (bedrooms) with 2 Heads (bathrooms). They have a Galley (kitchen) and Salon (living room). The size of the boat determines the size of each area. In the south you don’t have to worry to much about heat, but you do have reverse marine A/C that does Cooling as well as Heating. Some boats have built in heaters, some of which are electric or small little fireplaces. Your Stateroom has drawers and closets, a nice bed which can be Queen sized, with an en suite Head with a Shower. In the Galley there is either an Ice box or refrigerator, sink, counter space, and cabinets just like an apartment. Some apartments are small and so are the kitchens, bedrooms and living rooms. Same with a boat. But with a boat you can head off to a nice cove or restaurant and enjoy you day, evening, or weekend. If you’re in Florida, you could head to the Bahamas for the weekend, week or if you’re lucky the month!

So let’s take a basic scenario living on a boat. Your alarm clock wakes you up in the morning, you get up and take a shower, freshen up. Go in your drawers take out what you are going to wear and make breakfast in the galley. If you are at a Marina you can take your car to work or take a bus. After work, go to the store for more groceries if needed and head home to your live aboard boat. Change clothes, put away the groceries, have a glass of wine or beer… relax on deck. Make a pasta dinner, or what ever… eat below at your dinette or table, maybe have it on deck watching the sun set! Read a book… What I’m getting at is it is the same as living in an apartment or home… your boat is your home. You have TV, Stereo..all the creature comforts! Plus a phone… your Cell Phone! And… wait… I got a call… “Hello?… hey what’s happening?… ya… ya… Sure, I’ll be there, Sea-ya soon”. Well, see… your boat can be your home… As they say… “It’s where you make it! Enjoy.

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There are many types of apartments offered for peoples various needs. For budget-minded single people like me, a loft or single bedroom apartment may be better suited for me than a three-bedroom suite in the heart New York City. Here I will discuss the different possible apartment types that you can either buy or rent. If you know of another type of apartment dwelling, please share!

Studio Apartments These apartments, in my mind, are often associated with the artistic type. This is probably because I relate it to an art studio, which is an open room for the artist to create. But in reality, studio apartments are great for single people who don’t need a large space to live (they are generally 300-600 sq ft, although they can come larger), who are on a budget, or who like open spaces. There is typically one room that functions as the living room, kitchen, dining room, and bedroom while the bathroom is typically separated.

One Bedroom Apartments These apartments are typical for single occupants or couples. They usually contain one bedroom, a separate bath, a living room with a full kitchen usually separated by a wall, counter, or half walls. Sizes can vary greatly in this type of apartment depending on the location and price.

Two Bedroom, Three Bedroom, Four Bedroom Galore Two + bedrooms are great for smaller families and can be similar to the one bedroom layout in an apartment complex. In two bedroom apartments, there is usually a larger bedroom (similar to a master bedroom) with a smaller bedroom. When you get into apartments with more than two bedrooms, there are a vast array of set-ups and most of the time, the bedrooms are similar in size. Smaller apartments usually have one entrance while larger apartments may have two separate ones.

Some Special Perks Some apartments come with special perks in their apartments that home owners may take for granted. These include, but are no where limited to, a foyer, nook, laundry room, and separate dining area. What special features does your apartment have?