There are certain benefits and disadvantages, from a security standpoint, to living in an apartment or condominium. was founded in 2001, we can proudly say we were the first to recognize the need for a condominium management website geared towards residents, managers and the property management industry. If you are trying to figure out what exactly you are buying when you buy a condominium unit, or what you already own, a real estate attorney in your area can help.
That’s because in addition to collecting dues, a condo board or HOA also enforces rules and regulations that owners agree to abide by when they purchase their condominium. Financial health of the association: A condo building should have an operating budget, reserves and insurance.
There are even mixed-use condominiums that are partly residential and partly commercial buildings. Guía práctica: Comunidades de propietarios Condominiums: The Practical Guide (PDF) (in Spanish). Rules and regulations: Besides the financial health of the building, you want to know the rules of the community you are buying into.
Today, more and more people are opting to choose the condominium lifestyle as it is perceived to be the most practical, especially in highly urban areas. While condo prices may be heading upward, there is still opportunities for the bargain hunter to find a condominium in a nice neighborhood for less than $125,000.
The Bangkok condo shopper will have a large selection of condos to choose from since there are so many developers rushing to get into the marketplace. The management of the condo or apartment association is normally responsible for any maintenance issue but there is a degree of difference between the condos and apartments.