Exactly and consider whether you can and want to live with items such as staircase cleaning, regular gardening or fixed rest periods. Just as important as the personal ones are the financial aspects of finding a condominium. In this regard a search in https://www.buyingdenvercondos.com/ will per perfect.
Enquire about:
- The financial circumstances of the owner community
- The additional monthly charges for insurance, taxes, etc.
- The amount of any apportionment for maintenance reserves
- Planned or recently completed renovation work
- Possibly resulting in a special charge for maintenance and modernization work
Information about all these factors is best obtained from the homeowner community administrator or from your real estate agent. He can give you all the important documents and explanations and is usually available for any questions.
Good to know: The administrator should make you as good a potential buyer as possible, as he has some sort of veto right when selling apartments within his own ownership company. The so-called administrator approval is legally enshrined in the Housing Property Act and is documented in the declaration of division. If the administrator has reasonable doubts that you fit in financially and personally in the existing community, he can reject the sale.
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