Are you currently house hunting for the perfect condo? When looking for a condo to move into, it’s important that you are not only considering the unit itself but that you are also taking the condo association into consideration Cas well.
HOA rules and regulations often apply for condo communities, and you want to make sure that you know what you are getting into before signing your lease. To learn more about what aspects of the condo and its association you should take into account before settling for a condo, keep reading. In this guide, we will let you in on some of the main areas of concern that you will want to look out for as you search for the ideal condo and community for you.
Consider the Condo Fees
When looking at condos, you will want to get information on the condo association fees as well as what these expenses cover. This will allow you to assess whether or not this monthly fee is with the cost. For example, if you don’t mind paying for landscaping expenses, you may not mind this fee, whereas others would rather avoid the fee and care for their lawn themselves.
Are utilities included in your condo fees? If they are not, how much can you expect your utilities to cost you on the estimate? When touring a condo, make sure to ask the realtor what tasks and duties are the condo owner’s responsibility as well as what responsibilities belong to the condo association.
Read Over the Rules and Regulations
Most condo communities will have rules and regulations set in place by the association. You will want to read over these rules and regulations to make sure they are in line with your lifestyle and that you will easily be able to abide by them. You want to avoid condo associations that have rules that seem unnecessary or inconvenient to you and your lifestyle.
For example, if you have pets, you will want to review the condo association’s rules regarding pets. Does the association allow pets and if so, are you expected to pay an additional fee for them? Also, some condos may have a limit regarding how many pets you are allowed to have in one unit.
The associations may have rules regarding whether or not you can rent the unit out to renters or those on Airbnb. They may also have certain regulations regarding the renovations or updates that you can make to the condo both internally and externally. You also want to look over the maintenance regulations so that you can see what kind of maintenance issues you can expect to be covered by the association as well as what maintenance you will have to finance on your own.
For some interesting condo reports, head to the link.
What to Consider When Choosing a Condo Association
When buying a condo you do not only want to consider the unit but the condo association as well.
Head to the “Lifestyle” section of our site for more.