There are various pros and cons of buying an Ann Arbor condos. Many things are to be considered before you actually buy one.
The most significant thing to determine is that regardless of whether you would like a big condo or a tiny condo. A condo is commonly known as a small condo if it has 5 or more than 5 units. On the other hand, a huge condo is the one which has 25 units or more than 25 units.
Here are some factors that can help you decide if the condo that you are about to purchase, is a right for you.
1. The condo is appropriately maintained. 2. You can find frequent association meetings, sometimes monthly, to discuss various things. 3. Generally sustains an official budget and write for just about any repairs and maintenance work required. 4. Definite list of rules and regulations are presented together with fine framework. 5. Pets aren’t allowed in the normal premises and areas like assembly halls, meeting rooms and so on. 6. Turn-key utilize is permitted to ensure that there’s no need for regular residency with suitable administration. 7. Owner has about a 1/50th correct in making decisions, if it is a 50 unit condo complex. 8. It’s not required for the individual owners to get to know the others who live nearby. 9. The Ann Arbor condos has architectural mastery having physical structure which is usually box type. 10. Pools, elevators and club houses are present and on hand for the owners.
Here is a rundown of a few features of a condo that might turn out problematic if you purchase it.
1. Owner has about 1/3rd right in decision making, if it is a 3 unit condo complex. 2. There is no ‘Turnkey’ option. So, it is not possible for owners to stay away. He has to be involved throughout. 3. You will necessarily get to know your neighbors as the rule says so. 4. Professional management is very expensive. 5. Association meetings are held annually, depending on the situation. Normally meetings are held when any issue arises. 6. All documents and pro-forma are not up-to-date. Budgets are often not current as they are required to be. 7. Movement of pets is not restricted across the complex.
It is necessary that you consider all these points before making a purchase decision.
Angelina Lawry is a freelance writer for Ann Arbor Condos . She writes about good place to live like the Ann Arbor condominiums.