Considering Property History in NYC Purchases
How important is it to research the full history of a NYC apartment building before making an offer, beyond just the unit itself?
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Swimming Israel
Public·769 members
Navigating Florida's HOA Regulations for Buyers
We're considering a condo in a newer Florida community but are concerned about the HOA rules. What are some often-overlooked restrictions we should review before making an offer?
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Marina Semenova
8 hours ago
Beyond common rules on pets and rentals, carefully examine regulations regarding guest stays, parking for visitors, and even balcony decorations. Some HOAs have strict policies on lease durations, which could impact investment plans. Always request the HOA docs and budget for review during your inspection period to avoid surprises.
For a deeper understanding of HOA considerations, you can find resources on Florida.Realestate.
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It can be crucial. Investigating the building's financial health, pending litigation, and history of major repairs can reveal hidden liabilities. For example, a low monthly maintenance fee might seem attractive, but it could signal an underfunded reserve and lead to a large special assessment after purchase. This due diligence helps avoid unexpected financial burdens.
For comprehensive guides on what to research, you can explore New-York.Realestate.