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At last a book that guides the reader through the perils and opportunities of buying a home within a community association. Condominiums, townhomes, cooperatives, and single-family homes within a community association share similar issues with respect to financial and governance surprises that may affect your pocketbook and quality of life. Learn how to ask for the right information, ask the right questions, and decide for yourself the best home that reflects your values, lifestyle, and budget—and of course to help avoid a major surprise after purchase. David T. Schwindt, certified public accountant, consultant, and reserve study specialist, brings over thirty years of experience with community associations in an easy-to-understand resource that you will find invaluable in making the right decision for you and your family. Included with each informative chapter are tips, best practices, and ways to create community and harmony within an association.
The Condo Owner's Answer Book covers all of the common issues with condos and condominium ownership presented in easy-to-follow question and answer format.
If you've been thinking about buying a co-op, condo, or townhouse, you probably know that you can't get much useful information from the books about buying houses. The obstacles you face are different-and often a lot more complicated. If you're not fully prepared and properly informed, the buying process and even ownership itself could turn into a nightmare. Price and financial situation are only part of the equation, and it's important to understand all the factors before deciding what sort of home to pursue. Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse is a one-stop guide to the particular challenges of buying, owning, living in and ultimately selling these homes.
The process of the contract, pre-closing issues and closing concerns are reviewed in a step-by-step fashion.
Condo Buying Mistakes: 46 Costly Mistakes Condominium Buyers Make...And How to Steer Clear of Them teaches homebuyers about the risks, pitfalls, and mistakes that buyers make when purchasing a condominium. In this book you will learn: - The most important items to look for in the condominium document disclosures - What causes buyers to walk out of a condo within 10 seconds of viewing the unit - How to properly value comparable condo sales (and why you've probably been doing it wrong) - Why the common grounds of a condominium are just as important as the unit itself. - Why doing a few unconventional things when you view a condo in-person can help save a big headache down the road. - The biggest mistake to avoid when purchasing a large condo unit that had been combined by the joining of two adjacent units. - How the amenity package will factor into your decision (even if you do not care about amenities) - Why capping the maximum monthly condo fees in your search may end up hurting your search. - And so much more... Who is this book for? This book is for any homebuyer, investor, or real estate agent that is looking to purchase a condominium and wants to ensure that they are leaving no stone unturned. This book will help to analyze all aspects of the transaction and help to provide the framework for a condominium purchase so that you can be sure that you are asking the right questions and are keeping a keen eye out for any mistakes that could be on the horizon.