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Charlotte Condominiums
or Town Homes...both need careful scrutiny for both buyers and
sellers. |
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1
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Windows:
Often are not covered in Home Owners Association Maintenance.
This includes replacement, failed seals, and cleaning.
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2
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Exercise
Center:
Many high-rise complexes have fitness centers
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3
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Docks
:
Some units at the lake come with boat slips. Read the small
print.
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4
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Tennis
Courts:
One complex at the lake has an abundance of courts. Generally,
we see them in disrepair and not used or used very little.
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5
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Sprinkler
System:
Mandatory depending on the number of units.
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6
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Stairwells/Stairs:
And they steel and concrete or wooden?
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7
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Parking
Garage:
Parking space may come with unit; be on a lease basis and may
not transfer at resale. Read the fine print.
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8
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Trucks
and Boats:
A major concern: trucks in the parking lot, even a pick-up.
Special places for RV's and trailers and boats.
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9
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Club
House:
Some Home Owners Associations have their offices in the
clubhouse. Some complexes are self-managed. The biggest problem
with clubhouses we have seen: disrepair.
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10
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Swimming
Pool:
Most new complexes and up-scale complexes have pools. They add
costs to monthly dues.
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&
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Signs-For
Sale:
May be prohibited or a certain size or only in a window or not
at all.
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&
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Units
For Rent:
Some complexes and co-ops do not allow units to be rented. Some
may even require approval by the board of directories for a
resale.
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&
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Documents,
Rules/
Regulations
& Covenants and Restrictions
Either read
through the documents before making an offer or make your offer
contingent on your approval of all of the documents within a specified number of hours after receiving them. They are all on
file at the courthouse. Your attorney can get them at a cost. |
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Need
a little more warm up before stepping up the plate and trying
the Condo Quiz? |
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Here's
the pitch... |
