Condo Living
We’ve all heard (and likely employed) the old saying, “Better to ask for forgiveness than permission.” The inference is that while you were going to do something anyway, once it’s done, the resulting hassles are less than having to deal with the before-during-after trio of carping. But that strategy doesn’t play well in multi-family dwellings…
AT&T used to say, “you get what you pay for.” In real estate, you pay for what you get, so it’s important to know what you’re getting, especially when condo shopping. In many markets, including Hawaii, exterior space (balconies) counts towards living space. That means when you buy a 1,000-square-foot condo, the price per square…
Museum Tower has hit a crucially important sales milestone: 80% sold. Which means 100% is in the very near future. In high rises, sales multiply more rapidly with every signed contract. And for Museum Tower, one of the contracts that put them in the 80 percent club came from another prominent Dallas family moving out…
When a condo is first built and still controlled by the developer, HOA dues are kept low to not scare off buyers. Once the developer is gone, those payments have to be reassessed to ensure they meet the needs of the ongoing repair and maintenance of the building. (Hint, they’re not.) The Mayfair, neighboring Lee Oak…
Maintenance doesn’t necessarily mean repairing something back to its original condition. If it did, we’d all still be using outhouses. And while we’re pretty good at changing interior spaces to suit our living needs, often exteriors are left out. Here’s an example. In my building, probably 80 percent of our balconies are (unfortunately) enclosed and…
