Is Condo Living Right for You?

It’s not just a place to live. It’s a community!

Condominium associations have many advantages: 

  • Someone else mows the grass and shovels the snow.
  • The complex is safe and secure.
  • Exercise and recreational equipment is available without the maintenance
  • There are many nice neighbors, and social activities and special events abound.
  • A resident can leave on vacation without worry.
  • Monthly expenses are lower than with a private home. 

Potential buyers should know condominium living also has some special considerations; such as: 

  • The number of people living in units is limited, and age restrictions exist.
  • Birds and fish are welcome.  Cotner Center abides by Federal law regarding service animals.
  • You may pay, through your association fees, for common area amenities you do not use. 
  • If you don’t pay your monthly association assessment, it could result in a fine or lien against your property.
  • The Condominium Association has the right, if necessary, to enter units to perform repair or maintenance if it affects common elements.
  • There are requirements regarding some maintenance inside your storage unit, or what is allowed in storage rooms or on patios.
  • Covenants and restrictions may prohibit major alterations, additions, or modifications without board consent. 
  • Cotner Center co-owners must abide by statutes, and by documents such as Master Deeds and By-Laws, and rules or policies made from time to time by a board consisting of condominium residents. By signing a purchase agreement, buyers agree to abide by the governing laws and documents, and any future rules adopted by the Board of Administrators, provided those rules do not violate any existing statutes.

What kinds of people enjoy condominium life? 

  • Those who are outgoing, people-oriented, and who enjoy social activities,
  • Those who travel frequently or for periods of time, and 
  • Those who do their best to maintain a spirit of harmony and cooperation. 

Other people may not be suited for condominium life:

  • Some don’t understand that they do give up some of their property rights in exchange for all the attractive amenities.
  • Some are overly sensitive to rules or regulations, or are obsessive about non-compliance of rules by others. 
  • Some want others to do things the way they think they should be done.