Wife and I are planning to buy a new construction condo depending on if I am able to stay in my same city when I get a new job. Will know about my new job next month. New construction condos (shared walls) go for about $400,000. HOA is about $300/month.
I have two questions:
1) Is it naive to assume that HOA will cover some repair expenses since the walls are shared? I mean, isn’t that the whole reason HOA is more expensive when the walls are shared?
2)Is it naive to assume that since the property is new construction, it won’t require as much repairs as an older property?
Submitted February 11, 2024 at 10:30PM by Aggressive-Angle-212 https://ift.tt/LFf0tlb
