Housing Wire
FEBRUARY 26, 2024
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.
Housing Wire
DECEMBER 21, 2020
Install a pool, paint the shutters or add a second master bedroom (unless you have an HOA, that is.). You may not be able to paint, renovate or make any changes to the property, even once the home is yours.
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Housing Wire
APRIL 8, 2021
But be sure to consider how other recurring costs that may come with homeownership – such as homeowners insurance, property taxes and common charges like HOA fees – factor into your total monthly housing expense. These costs may also fluctuate over time.). As Gnisci says, “Owning gives you more freedom to personalize your home.”
Raleigh Realty
JULY 12, 2022
Might have homeowner’s association (HOA) fees. Once you pay off your mortgage, a condo owner only needs to worry about paying utilities and possible HOA fees. On the positive side, this means you’re free to make any renovations you’d like and you have complete freedom to make your condo your own. What Is an Apartment?
Lamacchia Realty
NOVEMBER 15, 2022
Whether building a new home or renovating it, you must follow building codes. But, as we already mentioned, you need to familiarize yourself with the building code before starting construction or renovations. Other codes related to safety during construction or renovation, are in place mainly to protect neighboring buildings.
Eppraisal
OCTOBER 13, 2023
These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. This includes the down payment, closing costs, and any renovation or improvement expenses. Additionally, factor in a contingency for unforeseen expenses.
D Fritz Appraisals
MARCH 16, 2021
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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