Assessments

Do you know the 12 questions to ask a HOA when Buying into a Condo or Loft?

So lets say that you have found yourself compelled to purchase a condo.   A new unit or a resale, either way it is important to understand the Condo Association that you are buying into. As a landlord and highrise condo owner myself, I deal with wide swath of HOA issues ranging from better properties which work to build reserves and lower energy costs in common areas, all the way down to more down downtrodden properties where communal central water bills can create large issues including extra assessments. For my clients I offer twelve telling questions which should always be asked of the HOA...

Cornerstone Village great value right on Peachtree

This is a very central location and the price is right.    There are three buildings here, and one is an original early 20th century loft.   The remaining two are much more reminiscent of a late 2000s better apartment complex.    I have worked with one client to purchase a foreclosure here.    I have also listed a property here and it was one of the few condos I could not sell. The building had a rather large assessment a few years ago to cover a restructuring of the parking garage.   I do not know the exact figure but I believe it was around $10,000 for a 1 bedroom and $20,000.  ...