Category Archives: Condominiums

Buying New Condos: The Hidden Costs

Wouldn’t you like something shiny and new?  Well, in South Boston and other neighborhoods, there’s great deal of new condominium construction ongoing.  That presents some great opportunities for new buyers – the ability to pick your own paint, floors, details, etc. – as well as warranties that you wouldn’t get outside new construction. Of course,…
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Evaluating a condo association when buying

When you purchase a condo, you’re also buying a stake in the larger condo building or complex.  More than anything else, your neighbors and the association will determine your happiness and return on investment. While home shopping, you’ve probably evaluated the closet space and checked out the bathrooms.  More importantly, though, have you audited the…
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When you don’t pay your condo fee, what happens?

I've summarized the consequences before, but what would actually happen if you failed to pay your condo fee?  The process is somewhat complicated, though the conclusion is simple.  The condo association will get its money, with you incurring a lot of extra expense. That’s because, under Massachusetts law, the condo association has all of the…
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5 Homebuying Mistakes

I watch the homebuying shows, too.  They give you three options, and you select one.  In real-life homebuying, though, is it that easy?  Well, of course not.  It's a complicated process with many decisions to make along the way. When shopping, don't let the excitement of homebuying distract you from simple ways to make the…
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