Splurge vs Steal: Two Updated, Lovely Lochwood Homes | CandyDirt.com

Lochwood is one of the great East Dallas neighborhoods, close to White Rock Lake, Dallas Arboretum, and other area charms. It is heavily treed, convenient, and offers an established neighborhood personality. 

Our Splurge vs Steal this week looks at two lovely Lochwood homes with so much to offer. Which one is your favorite? 

 

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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 Lawn Park, is 18 years old, and like all buildings, various maintenance requirements need to be met. 

Soon after the Mayfair gained independence, they began conducting reserve studies that detailed the condition  of their infrastructure, its life expectancy, and estimated costs to repair or replace.  As you know, I’m big on HOAs doing reserve studies to avoid surprises that typically equate to a special assessment and/or the sudden failure of a critical element of a building (That noise you heard? Surprise! The A/C will be out for the month of August).

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