Making Sure the Condo HOA is Healthy

Real Estate Agent with Keller Williams Realty TN R.E. License 292369

 Carriage Park - Franklin, TN

In today's Real Estate Market buying a condo can be more than finding a great layout at a great price.  The Carriage Park Community in Franklin has been able to maintain and continue to improve with a budget much less than comparable communities.  A good HOA board and property management is key.  Check out recent upgrades in Carriage Park landscaping (pictured below).

Carriage Park- Franklin TN Entrance

In today's Real Estate Market buying a condo can be more than finding a great floor plan at a great price.  It is important that your agent help you establish the financial well being of the home owners association (HOA).  The monthly fees paid to take care of all those things they said are covered has to be properly managed.  If occupancy is low or too much routine maintenance has been deferred owners could be looking at special assesments to cover  needed upkeep.  Knowing the financial status of a condo or town house community is an important step befor writting an offer.  Maike sure you know the rules, restrictions, account balances and reserve accounts.  

Listings in Carriage Park





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Franklin TN, Brentwood TN and Nashville Tennessee Real Estate

Keller Williams Realty
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Keller Williams Realty - Franklin
9175 Carothers Pkwy, Ste 110 | Franklin, TN 37067 | 615-778-1818
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Comments (1)

Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Mike - this is a good tip, and especially with the foreclosure and short sale issues going on right now, I'll bet a lot of HOA's are in financial trouble.

Jul 18, 2011 01:04 PM