home owners association: Five questions to ask before you purchase a condo
- 05/21/10 01:19 PM
Home owner associations (HOA) have many advantages. However, a poorly managed HOA can have many disadvantages. I know four home owners that became liable for the previous owners HOA assessments because the seller didn't pay their HOA due/fees. I would suggest in addition to Scott's list you verify the assessments due by the seller are paid. Please read the five questions you should ask before purchasing in any HOA. Written by Scott Hayes Enjoy MarkWatterson.com PrincipleRealtyGroup.com UtahMark.com
Condominiums can be a nice alternative for buyers who want the benefits of ownership, without the upkeep of a single family home. But before … (4 comments)
Many prospective home buyers are not aware of the impact of buying in a Homeowners Associaiton (HOA) Many see the GOOD but many times don't see or understand the possible BAD or UGLY.
THE GOOD: Living in a HOA can have benefits that you may not be able to afford. For example, walking trails, club house with an exercise area, hot tub, swimming pool and large common areas for family gatherings. There are normally minimum maintenance standards. These can enhance the overall value of the area. Including your … (2 comments)
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Home owner associations (HOA) have many advantages. However, a poorly managed HOA can have many disadvantages.
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