Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Signs of a dysfunctional condo association [DC] "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]Have owned two different condos and have many friends who have owned condos as well. Red flags: Self-managed Fees too low Special assessments (indicates fees may have been too low to cover upkeep, poorly managed, or similar) Also, look at upkeep of the building. Clean? Well maintained? Not a guarantee there’s nothing wrong if it’s clean, but can be a red flag of other deferred maintenance if you see obvious signs of wear and tear or neglect in the common areas. [/quote] Why are low fees bad?[/quote] Because if the fees are too low, the association can’t cover basic upkeep and maintenance much less plan for a major issue like replacing the roof. Then you get hit with a special assessment, which can be expensive and stressful to owners and can lower the value of units because when a potential buyer asks for the condo docs they will see that the association doesn’t have their act together [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
