Orange Beach Condos For Sale: What To Know Before You Buy

In recent years, condominiums are hugely successful in Orange beach, they now built into more than single-family homes in Alabama, and they also dominate the resale market. But before you plump for a condo, you have to know the rules and characteristics to make an informed purchase of orange beach condos.
 

1. Condos
 

Buy a new condo is to avoid worries, believe many buyers who buy their next apartment on a map, even before the building is initiated. "Unfortunately, many owners have big disappointments when they move in," says Yves Joli-Heart, a lawyer specializing in condominium law.
 

 

The main problems are: a smaller than promised final size, construction defects, the absence of guarantee in case of problems and, above all, poor soundproofing, which makes you hear your neighbors in their apartments and public areas.

 

2 The process of buying orange beach condos
 

Buying a condo is a little more complex than buying a house. The buyer should make a conditional offer to buy the site inspection - like a house - but also the inspection of documents on the management of the condominium. This verification is essential to know the state of finances and fund, future expenses for work as well as building insurance. By reading the minutes of the meetings of owners in recent years, you will also know if there are issues of contention among residents.
 

 

3 fees for orange beach condos
 

A trap awaits shoppers looking primarily a condo with low common charges - the monthly fees paid by each owner for common expenses and maintenance. If the condo fees are low, it may mean that the building maintenance is neglected and that the fund is not enough - the orange beach Civil Code requires a minimum of 5% of the costs condo is paid into the fund, but this amount is usually insufficient laments Yves Joli-Heart. "Because of this, many owners have to overnight face special assessments of several thousand dollars to pay for maintenance," said the lawyer.
 

4 Regulations
 

Even if you are the owner, you are not quite at home in a condo.

 

You must comply with the assembly voted by condominium regulations. In some buildings, for example, it is forbidden to install a barbecue on the balcony, own animals, to install an antenna to receive satellite TV or bird feeders. Furthermore, wood floors are prohibited, window treatments are regulated, and are prohibited from receiving self-employed customers home. "As the years pass, more regulations are increasing. Before buying orange beach condos, make sure you can comply with many rules.

 

5. Service
 

For many, the attraction of a condo is that it requires little maintenance: no lawn to mow, no pool maintenance or major renovations to handle. That's right, the condo fees are particular to pay for these expenses. But the owners are, however, jointly responsible for managing their building. In general meeting, they must elect a board of directors and certain decisions. To ensure proper management, co-owners have an incentive to pay close attention to what is happening in their building.

 

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