For performers, the winning combination for success is singing, dancing, and acting. In condos, it’s location, selling price, and HOA dues.  In every condo purchase, the topic of HOA dues comes up.

For buyers comfortable in the digital age, that topic and resulting self-editing arrive when listings and HOA dues pop onto computer screens. That’s because condo buying adds a cost that’s not factored into single-family home purchasers. For single-family buyers, a monthly nut equals mortgage, utilities, insurance, and taxes. There is no maintenance component – each owner can neglect or maintain as they see fit. In a condo, maintenance is a monthly fee.

Many non-condo people are uncomfortable paying a monthly HOA fee because it typically adds hundreds of dollars to monthly budgets reducing what they can ultimately purchase. Almost everyone has a budget, so it’s an important consideration. Unreasonably high HOA dues crimp the buyer pool even more.

Me? I’m OK with reasonable HOA dues. One check a month and I don’t do a gosh-darn thing outside my front door. I don’t pay separate utilities, cable, internet, window washing, or even regular exterminator spraying – in my case, it’s all rolled into the monthly HOA dues.

But not all condos charge reasonable fees, especially when compared with similar buildings. The results aren’t good.

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Today is the day! Heritage Auctions will be auctioning unit 17B at Dallas’ first residential high-rise, 3525 Turtle Creek, at 2 p.m. It’s the Meyer-designed building with the concrete lattice (brise soleil) next to Vendome. Since 1957, it’s been holding court on Turtle Creek and this year marks its 60th anniversary. After a recent tear of renovation projects and the famous Turtle Room about to reopen from a top-to-bottom restoration, the building has its groove back.

Jon Anderson went into great detail about this particular unit earlier this month. It’s a fantastic opportunity for the renovation-minded buyer who wants an enormous high-rise perch for a very good price. 

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On November 15, Heritage Auctions will be auctioning unit 17B at Dallas’ first residential high-rise, 3525 Turtle Creek.  It’s the Meyer-designed building with the concrete lattice (brise soleil) next to Vendome.  Since 1957, it’s been holding court on Turtle Creek and this year marks its 60th anniversary. After a recent tear of renovation projects and the famous Turtle Room about to reopen from a top-to-bottom restoration, the building has its groove back.

Of course there’s a story behind 17B, so whip up a hot cocoa and tuck yourself in …

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