Bonita Springs Florida Condos – Questions to Ask the Homeowners Association
Buying a luxury condo in Bonita Springs may seem like a little outlandish at first, but when you begin to discover the various advantages attached to it, you too will begin to warm up to the idea. The system of living in a compact and functional home where more of the maintenance and upkeep responsibilities are handled by the homeowners association can offer you with immense peace of mind. The concept suits the modern form of living where people expect their homes to provide them with luxury, comfort and relaxation without adding any hassles to their existing set of responsibilities.
But before you feel yourself lured into buying a Bonita Springs condominium, there are a few things you should be clear on first. These aspects usually concern the services provided by the homeowner’s association and the responsibilities that you will have to shoulder if you begin living in a particular condo development. This article lists out the most important questions that you should be asking before you make the final purchase.
One of the first aspect to look into should be the covenants, bylaws and restrictions that are levied and followed by the homeowners association. Read these over carefully to ensure that you understand the restrictions on renting the unit, number of residents and other issues that could come into dispute. Ask the association if any changes in the rules are pending that could affect you. Do they prohibit having pets at home? Is it allowed to have guests during off hours? Can outsiders use common vehicle parking and other amenities when they visit your house? These and many other questions need answers if you are to live comfortably in a condominium development.
Look at the various aspects of upkeep and maintenance that are covered under the responsibilities of the condo management and which are not. Most assessments cover such services as trash collection, snow removal, pool maintenance and upkeep of public areas. Any additional services may be chargeable which is why you should be clear on each and every aspect of a condominium membership. Make sure you critically consider the cost factors involved – both the regular expenditure that you will have to make to the homeowners association and the additional costs you will have to bear to manage extra services you will hire to maintain your home.
# Rate of turnover
A simple insight on quality of living in a particular Bonita Springs condominium development can be extracted from the rate of turnover. How many homeowners have vacated their property in the last few years? How frequently to tenants come and go from a particular development? High turnover rates can indicate that there is something unpleasant about living in that specific condo development and you should rethink your purchase decision accordingly.
There are various investment options available if you are looking to buy a Bonita Springs, Florida Condo for yourself. Visit Naplessquare.com to know more about them.
About The Author
Raymond Jenkins is an expert in Florida real estate who also loves writing interesting articles and blogs, helping people in picking out the right property to invest their precious income in. He recommends Naplessquare.com as the name to trust if you are looking to buy new construction homes in Naples, FL.