When you’re contemplating the purchase of a condo or a townhome here in the Los Angeles Real Estate you’ll naturally look at the location, the floor plan, the condition, etc.
There’s one more thing you should consider.
When you buy such a property you are essentially buying into a business – the homeowner’s association.
So look at ALL the financials. Make sure the association is solvent. Find out if the association has a habit of increasing membership fees indiscriminately. Learn something about the leadership and how the organization operates.
Before You Buy Los Angeles Real Estate, Consider These Tips
Check with current residents to see if there are complaints over deferred maintenance or rules that are enforced only for some. And speaking of rules – be sure to read them in their entirety. When you “buy in” you’re agreeing to those rules, and some of them may not please you.
Buying a condo or a townhome type of Los Angeles Real Estate is not the same as buying a single family residence, because other people control some of the aspects of your building. So be careful, and take your time.
When you’re ready to begin your search, get in touch. I’ll be happy to show you the available units in the Los Angeles Real Estate and to help you gather all the information you need to make an informed decision.