Desirable Condominium Attributes
January 10, 2010 on 2:47 am | In Advantges/Disadvantges | Comments Off
What to look for: Desirable Condominium attributes
• High owner-occupancy rate (minimum of 51%)
• Stable monthly condominium fee
• Sufficient capital reserves (as evidenced in 5 year capital improvement plan)
• Strong, professional condominium management team (both on-site and parent company)
• Active, involved condominium Board of Directors
• Well maintained common areas
• Association rules regarding occupancy, parking, pets, etc.
• Independent utility meters? Pros and Cons:
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