Posts with tag 'Condo Questions'
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What Your Condo HOA Fee May Not Be Telling You
When people shop for a condominium, they usually compare three things: the purchase price, the monthly HOA fee, and the amenities. If one community has a higher monthly fee than another, it's easy to assume it simply costs more to live there. Sometimes that's true. But sometimes there is much more to the story.
One of the things I enjoy most about real estate is asking questions. If something doesn't seem to make sense, I start digging. Recently, while researching a condominium community for one of my listings, I noticed the HOA dues had increased substantially over a relatively short period of time. My first thought was probably the same as many buyers: Why would anyone want to pay that much every month? Instead of guessing, I called the HOA to understand what had change...
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