Benefits to Buying vs. Renting Your Rittenhouse Square Condo

Are you thinking about renting or even buying Rittenhouse square condos? Not sure about which path you should take? If you answered yes to any of these questions, then you should definitely keep on reading. Finding the right home for your needs is essential, after all, accommodation is one of the most basic human needs. However, there are many pros and cons of both renting and buying. We will now take a closer look at both buying and renting so that you can choose the best one that suits your financial and personal situation.

Firstly, we will start with renting Rittenhouse square condos. The main benefit of doing so is that it gives you a great deal of flexibility. Basically, when you rent one of these condos, you can choose to move after your lease is up if you are not satisfied with the location or the condo. This is quite useful if you’re very young and you’re not sure if you want to fully commit to buying or if you want to leave your options open. This is certainly beneficial if you might end up working in another city or country since selling a condo that you own is a lot more stressful than simply ending your lease. Also, the actual process of getting a condo to rent is a whole lot easier and simpler than purchasing one. When it comes to buying, you will likely need to get approved for a mortgage which can take quite a while. So, if you need a home in a hurry, then renting is the fastest option.

When you own a property, you will be fully responsible for repairs and upkeep of it. When you rent, you don’t have to deal with any of these expenses as the owner will be responsible for doing so. As a result, when it comes to owning a condo, you will need to research how much it costs to upkeep and check your finances to determine if you can afford it. Also, one interesting point many people don’t consider is that you may be forced to sell your condo due to unforeseen personal incidents or expenses. As a result, you may have to sell during a down market. Also, when selling, you will have to pay around 7% as a commission fee as well as approximately 3% for closing costs. Therefore, for you to break even on the sale of your condo, it will need to increase in value by 10%.

Another factor that you need to consider when thinking about buying vs renting is that the average rent is rapidly rising and the average rent is actually not far from the average mortgage. As a result of this, buying may actually be the smarter long-term play. However, there are a couple of things to consider if you truly want to buy. For one, you need to have a stable income and you should not expect any major life changes for at least the next 3 years which would require you to move. Also, when you get a mortgage, you will have a fixed monthly payment whereas with renting, your rent can easily increase rapidly over time. A condo can truly make a great first home especially for a person who doesn’t want a ton of space. Also, since condos are a bit smaller than most homes, they are also cheaper which makes them more accessible.

In summary, we have just looked at the pros and cons of buying vs renting Rittenhouse square condos. Once you have considered all of the points discussed above, you should be able to determine which route is the best one for you.

Understanding Americans With Disabilities Act Compliance

The Americans With Disabilities Act Compliance protects persons with disabilities who are able to work from discrimination in the workplace. In 2010, the Department of Justice introduced a set of rules for employers to follows regarding design accommodations especially as it relates to access to electronics and information technology.

It is imperative for every employer to comply with the Act or face severe legal and other penalties. Before delving further into the compliance side of the Act, it is necessary to understand the Act and what it may mean for your business:

1. Who Is A Person with A Disability

The Americans with Disabilities Act (ADA) does not have a specific list of disabilities but employs a legal test to determine whether a person can be legally defined as disabled. This test sets the following parameters for disability:

– A disability must pertain to a medical condition or disorder that results in impairment.

– The impairment must place substantial limitations on the disabled person.

– These limitations must restrict the ability to perform “major life activities”.

2. Does Every Employer Need to Comply with the ADA?

Only businesses with more than 15 employees need comply with the ADA whether these are full or part-time employees or if these employees are located at various sites.

3. Are There Any Exceptions to Compliance?

“Undue hardship” may be considered a reasonable accommodation for non-compliance with the ADA. Undue hardship can be defined as an accommodation for a disabled person that involves significant difficulty that will disrupt operations, that will ultimately change the nature of the business or simply be considered to be too expensive. If it can be proven that accommodation/s meet one or more of these stipulations, the ADA cannot enforce compliance.

The DOJ is still in the process of developing specific guidelines for employers to follow in order to be ADA compliant and what should and should not be done is therefore a little confusing. So, let’s look at what needs to be done to be compliant in the interim.

1. Physical Accommodations

These are physical accommodations that are made to a building or workplace to make it easily accessible to persons with disabilities. Modifications to bathrooms, work stations and installing ramps are a few examples of physical accommodations.

2. Accessible Technology

Technology needs to be accessible to those with disabilities in the following ways:

– Installing software that is accessible to the disabled.

– The installation of screen reader software.

– The use of videophones to improve communication for employees who are hearing impaired.

3. Communication Accessibility

There are two types of disabilities where communication may be challenging – for the hearing and visually impaired. For the visually impaired, documentation needs to be made available in large print or in braille. A sign language interpreter should be made available to the hearing impaired.

4. Policy Accommodations

There are a variety of different amendments that will need to be made to the policy and procedures of a company in order to comply with the ADA. Most significantly, accommodations regarding working times and schedules need to be made for people suffering with chronic illnesses where the symptoms or treatments may prevent them from adhering to a “regular” work schedule.

Accommodations should also be made in policy with regards to discrimination against the disabled by work colleagues, management, executives or any other person relative to the workplace. Rules and regulations as well as disciplinary action and penalties for those who contravene the policy should be put in place. Unfortunately, this is an area where many companies struggle to enforce policy and eliminate employee discrimination specifically related to the disabled in the workplace.