Quote of the Day - With Attitude!
“I was street smart, but unfortunately the street was Rodeo Drive!!” by Carrie Fisher
Here are some great questions to ask when you are considering buying a Condo or a HOA Property
- Condition of the unit you are considering
- Condo fees each month and what do they cover.
- HOA rules that may make it difficult for you to make improvements
- Avoid living directly below a common area, like a rooftop deck
- How many units are for sale or rent
- Does the Association have adequate reserves
- What does the Association’s insurance cover
- Guest parking
- Extra Storage area
- Management-is it managed by a qualified professional company
- Do association rules limit your ability to rent the unit, if you wish
- What’s the neighborhood like – walk the area at night or on weekends
- and check out your neighbors above and below you and on each side..
- Has your Agent sold any units in this building or in the area
There are many more questions, but this is a good start…..
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Very good blog post. I absolutely love this website. Keep writing!