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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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Questions Buyers Should Ask When Touring a Property

Lamacchia Realty

QUESTIONS BUYERS SHOULD ASK WHEN TOURING A PROPERTY. And as a buyer, purchasing their home is very exciting but also a significant decision and can be a bit overwhelming. On the other hand, sometimes sellers can leave behind things the buyer may not have been aware of. Purchasing a Home That Requires Renovations and Repairs.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Renovation loan assessments. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

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Why Winter is the Best Time to Remodel Your Florida Home

Lamacchia Realty

And while that is true, you shouldn’t forget that it’s also great for renovating the exterior of your home. As a final closing tip, we recommend checking whether any remodel you plan on doing is approved by your HOA. All you Should Know About HOAs in Florida. So be smart about what you’re doing.

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All you Should Know About HOAs in Florida

Lamacchia Realty

ALL YOU SHOULD KNOW ABOUT FLORIDA HOAs. Purchasing a home in an area with HOA fees can be tricky, especially since many people aren’t familiar with the process. Although it might not seem so at first, HOAs in Florida are there to help you as a homeowner. HOAs in Florida - what are they? Hire professionals for help.

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The Pros and Cons of Buying a House

PennyMac

Buyer builds equity in the home. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Buyer has full control over home improvements and upgrades. Buyer incurs any maintenance and repair cost. Pros and Cons of Buying a House.