Condominium ownership is a very special kind of home ownership. There are a myriad of issues affecting how much you’ll enjoy living in the unit and what you can sell it for when you are ready. Recognizing the early warning signs of trouble and researching the potential risks is an important first step in the […]
9 Must Ask Questions 95% of Condo Buyers Don’t Know
Buying a condo requires an extra measure of due diligence. Far more complex than buying a single family home, buying a condo means you are buying two entities: (1) the unit you’re going to live in and (2) membership in the mandatory Homeowner’s Association (HOA). The faster you can identify potential deal killers with the […]
30 Questions to Ask Before Buying an Austin Condo
Buying condos are a bit different than buying single family homes. With a condo, you own the walls in and the HOA owns and governs the structure and common grounds. Not understanding the rules, responsibilities and health of the condo’s HOA is the #1 reason people decide to sell their condos. We’ve found if condo […]
Think Condo Owners Don’t Need Insurance? Think Again!
One of the benefits to buying a condo is you won’t have to worry about some of the major things homeowners do. You pay your HOA dues every month and exterior maintenance and insurance is taken care of. But, what many condo owners don’t realize is the insurance the HOA carries does not cover some […]
Insurance Coverage Your Condo HOA Should Have & Why You Should Care
One of a Homeowner Association’s (HOA’s) or Condominium Association’s most commonly overlooked and poorly monitored responsibility is the matter of insurance coverage. If disaster strikes, it can be a very costly oversight for each and every unit owner, as well as members of HOA Board of Directors individually. Here is the insurance coverage your condo […]