Condo Life Can Be a Fun Adventure – Be Certain You’re Prepared!
Moving can seem rather daunting to some empty-nesters. So, if you’re considering “downsizing” to a condo, plan for the major adjustments first. Carefully consider furniture placement options that will use the space as efficiently as possible. Then reduce clutter by storing or sharing keepsakes and unused items. Soon you will be able to concentrate on the enhanced lifestyle benefits enjoyed by so many condo residents:
- Fewer safety and security concerns
- More leisure time (fewer duties and responsibilities)
- Less shopping for home supply and maintenance purchases
- An opportunity to have a voice in community decisions regarding facilities, services, and amenities
- New social opportunities for like-minded adults (e.g. cards, films, day-trips, etc.)
[Condo] Rules To Live By
The greatest benefit to condominium life is also the greatest challenge: dozens of owners join together to form a corporation which owns the title to the property. As a result, each condominium owner has a voice as to how things are to run and how the common areas are to appear. To the uninitiated, this sounds Ike a recipe for stress But, if it is handled professionally, it can be a model of democratic management and good neighbours.
Of course, as with any group investment or joint ownership, issues can and will arise. When they do, understanding the facts and communicating clearly is essential. So the basis of a well-run condo Is everyone must work together as a team under the same laws, rules and regulations – no matter what they stand for, or whom they represent.
The “Golden Rule” of condominium rules is simple: rules should be clearly fair, not fairly clear.
If you are looking to buy a condo, it’s important that you are confident that proper mechanisms are In place, finances are stable and a fund has been set aside for unexpected issues (e.g. storm damage, litigation, etc.). If you are going to invest in a condominium, It’s wise to first invest your time or that of a professional to review the corporation and to understand how things operate.
When you get involved, keep your eyes wide open…look into the past six months’ worth of activity and read the records. Satisfy yourself that things are clearly communicated among parties involved. Where there is uncertainty, get clarification. If you do, you ‘ll enjoy your condo more and more each day, and sleep better and better every night.
