Condo Archives - Bob Faust's Mortgage ReportBob Faust's Mortgage Report

6 Ways Condo Inspections Are Unique

29 September 2015

A condo is different than a single-family home. They have condo association fees, shared walls, and elevators that need to be addressed during an inspection. Here’s what makes a condo inspection different from any other home inspection and why it’s important to be aware of these differences before signing a contract. 1. Check the Roof ...

How to Successfully Live Under a Homeowners Association

18 August 2015

If you buy a condo, townhouse or single-family home in a newer development, you’re likely to become a member of a community association. About 20 percent of Americans live in a community governed by a condo association, homeowners association or co-op board, according to the Community Associations Institute. Community associations come with rules that determine everything ...