Are You Thinking of Purchasing a Condo?

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Buying a condo can be a big purchase, and it’s important that you do your research before you make an offer. Today I’ll go over five things you need to know before buying a condo. Buying a home?&nbsp;Click here to perform a full home search Selling a home?&nbsp;Click here for a FREE Home Price Evaluation Today I want to go over five things you need to know before you purchase a condo: 1. What are the HOA dues? What do the HOA dues cover? Sometimes they cover lawn maintenance and swimming pool upkeep while others cover water utilities and trash collection. The condo in the video is technically a townhome, so the HOA dues, in this case, are much lower. You would only have to pay $120 a month, but that’s because the HOA only covers landscaping maintenance in the common areas. 2. What is the rental cap? Make sure that each condo association you are interested in does not allow a lot of renters. When rental rates are high, the next person who purchases a condo in that complex will have a hard time getting financing, which could mean that you will have trouble when it comes time for you to sell the property in the future. <span style="background-color: transparent; color: black; font-family: &quot;arial&qu