You’ve finally found a great condo to buy that hits on all your preferences, is in a good location and has affordable homeowners association (HOA) dues. Now it’s time to review the disclosures, particularly when it comes to the HOA. What restrictions exist or could lead to potential problems?
Here are my top 10 HOA issues to vet when it comes to condo living:
1. Flooring restrictions.. Are there serious restrictions against having hardwood floors? In most cases, HOAs require that owners cover a certain percentage of hardwood floors with area rugs or carpet. But some HOAs mandate that bedrooms have wall-to-wall carpet. If this isn’t your thing, make sure you know about it before you write an offer. Continue Reading
