WHY DO CONDOMINIUM & HOMEOWNER ASSOCIATIONS HAVE SO MANY RULES?

ALL RULES ARE MADE SO THE PROPERTY WILL BE MAINTAINED AS A FIRST-CLASS COMMUNITY ASSOCIATION. RULES PROMOTE HARMONIOUS COMMUNITY LIVING. THEY MAINTAIN, PRESERVE, ENHANCE, AND PROTECT THE PROPERTY VALUES AND ASSETS OF THE COMMUNITY. THEY SATISFY THE NEED TO CREATE A SENSE OF FAIRNESS AND EQUITY AMONG ALL RESIDENTS. THEY ARE MADE TO DEAL WITH […]

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5 BIGGEST MISTAKES PEOPLE MAKE WHEN BUYING INTO A CONDOMINIUM OR HOMEOWNER ASSOCIATION

  THEY DON’T READ THE GOVERNING DOCUMENTS: DECLARATION BYLAWS RULES    2.  THEY DON’T CHECK OUT THE DEVELOPER (IF IT IS A         NEW COMPLEX).      3.  THEY DON’T TALK TO THE RESIDENTS TO SEE WHAT         THE ENVIRONMENT REALLY IS LIKE.    4.  THEY DON’T CHECK OUT THE FINANCIAL PICTURE OF         THE ASSOCIATION—IS IT ADEQUATELY FUNDED? DOES         IT HAVE RESERVE FUNDS? ARE […]

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1 IN 5 AMERICANS MUST DEAL WITH THE NIGHTMARES OF LIVING IN A CONDOMINIUM ASSOCIATION!

PEOPLE BUY CONDOS TO HAVE A WORRY-FREE LIFESTYLE—AND IT CERTAINLY CAN BE! BUT YOU MUST REALIZE: CONDOMINIUM ASSOCIATIONS ARE BUSINESSES! They have Boards of Directors that make and enforce the rules. THE RULES MUST BE FOLLOWED. IF NOT, THE NIGHTMARES OCCUR! CONDO ASSOCIATIONS ARE NOT COMPLETELY MAINTENANCE FREE: Contractors take care of most of it—like […]

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MYTHS PEOPLE BELIEVE ABOUT CONDOMINIUM & HOMEOWNER ASSOCIATION LIVING

HERE ARE THE 7 MOST POPULAR! I OWN MY UNIT, SO I CAN DO WHATEVER I WANT IN IT. The Board maintains exterior colors & styles, including windows & doors. You may not be able to lease your unit. You must obey the rules even if you don’t agree with them. LIVING IN A CONDOMINIUM […]

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BUYERS BEWARE!

EFORE YOU SIGN ON THE DOTTED LINE, CONSIDER 9 THINGS YOU NEED TO KNOW. CAN YOU HAVE A PET? WHAT KINDS ARE PERMITTED? IS THERE A SIZE OR WEIGHT RESTRICTION? CAN YOU RUN A BUSINESS FROM YOUR UNIT? EVEN A HOME-BASED COMPUTER BUSINESS? CAN YOU LEASE YOUR UNIT OUT? IF SO, ARE THERE RESTRICTIONS YOU […]

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5 P’s THAT DRIVE OWNERS CRAZY!

1. PETS There can be requirements on when & where to walk your pet, whether it must be leashed, and for the clean up after it. 2. PARKING Parking may be marked and assigned. However, there might not be enough spaces to accommodate your family and guests. 3. PAYING You don’t know how much the […]

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GOOD INVESTMENT?

WHETHER YOU ARE BUYING A PRIMARY RESIDENCE, VACATION HOME, OR TIME SHARE… 7 MOST IMPORTANT FACTS TO CONSIDER! 1. WILL IT COMMAND A GOOD PRICE FOR RESALE? 2. IS THE UNIT IN THE MOST APPEALING AREA WITHIN THE COMPLEX? 3. ARE THE UNITS FAR ENOUGH APART, ALLOWING FOR SOME DEGREE OF PRIVACY? 4. DOES IT […]

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WHAT ARE THE ADVANTAGES?

COMMUNITY ASSOCIATIONS ARE A GREAT WAY TO LIVE, ESPECIALLY FOR SINGLES AND BABY BOOMERS. 1. COST OF RECREATIONAL FACILITIES IS SHARED—SWIMMING POOLS, GOLF COURSES, TENNIS COURTS, EXERCISE EQUIPMENT. 2. SECURITY SYSTEMS ARE BUILT IN. BECAUSE YOUR NEIGHBORS ARE SO CLOSE, JUST LOCK YOUR DOOR AND GO! 3. ORGANIZED SOCIAL ACTIVITIES. 4. PROPERTY VALUES INCREASE BECAUSE […]

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