Congratulations! You’re the new owner of a condo!
Condos are a great alternative to single family homes if you are looking for less upkeep. However, there are still some common rules and misconceptions that new condo owners may have. Cardinal has managed several condos over the past years and while some of these basics below may seem like common sense, we get questions pertaining to these all the time.
- You have owner’s rights and should attend HOA and Condominium Association meetings regularly. We know schedules are tight but being informed keeps everyone in the condo knowing the same information.
- Pay dues on time. The HOA doesn’t charge money for things that don’t matter. Common area upkeep and monthly maintainance help keep everyone’s property value up.
- Volunteer for the HOA board. Even people with no experience in this benefit from this involvement. You learn a lot about the property and real estate when volunteering.
- Refinancing or selling? Make sure you talk with the HOA board president or association management for rules and regulations regarding this. Most of the time, these two entities help with this process.
- Emergencies happen. Call the emergency line as soon as possible at the sight of an emergency. Keeping the properties clean and in top condition are one of the top priorities of the HOA.
- Make sure to check with your HOA regarding insurance. Most of the time, some form of insurance is paid for with HOA dues, but typically not for personal possessions. This varies amongst HOA’s and checking your HOA rules and regulations is necessary.
- Yes, walls are shared with neighbors. This may seem like a mystery when the baby one unit over is crying at 3 in the morning. And, trust us, if it is bothering you, take a moment to put yourself in the parents shoes. Crying babies happen on occasion. We strongly suggest trying to handling this neighbor to neighbor with understanding. Most of the time your neighbor may have no idea that their walking is like stomping on your ceiling. If it can’t be resolved in this manner, go to the HOA directly.