Buying an Alabama-Florida Beach Condominium Home

23.9.17

Buying a Beach Condominium Home

Condominium Owners and their Agents are not required
to  discover and disclose existing adverse conditions.


Investings in a condominium home in Gulf Shores, Orange Beach & Perdido Key

   
Important Considerations…
   

- Homeowner Associations

Membership in the condominium Homeowner Association (HOA) is mandatory – HOA members are subject to special assessments by the Board of Directors (BOD).
   

- Lifestyle Restrictions

The Covenants, Conditions, Restrictions (CC&Rs) and Rules may not fit your lifestyle – a variety of restrictions can control the use of your condo...
  

- Common Property

Poorly maintained components such as the roof, building-envelope, elevators, etc. can cost HOA members $1000’s.
  

- Legal Issues

Legal issues such as lawsuits & foreclosures can expose condo owners to significant financial liability.
 

- Financial Planning

Poor planning by the BOD can cost you a lot money.
   

- Property Defects

A Home Inspection can save you money by identifying defects...
   

- Peace of Mind

A Home Warranty provides peace of mind, it just makes sense for everyone...
  
It’s important to work with someone that has experience with the various issues of owning a condominium. If you’re interested in a buying resort home, or have a real related question >>> contact me anytime.

· Wayne Moore
· Lic. Real Estate Broker
· Licensed Home Inspector
· Lic. Community Association Manager
· Commercial Real Estate Inspector, FREA

· Reg. Environmental Property Assessor, NREP
· State Cert. PCO – Termites-WDO-Household
· Florida Wind Mitigation Certificate


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