That’s the advice that the Herald’s Nena Groskind gives out, pretty regularly.
Q Weâ€™re interested in buying a condo and have found some units in three-family homes that we love. Is there anything we should know about the pros and cons of buying in a converted home vs. a large condo development?
A My short answer is one that a lawyer friend of mine gives clients who ask about buying condos in three- or four-unit developments: â€œShooting yourself would be quicker and less painful.â€?
In the first place, it’s impractical, for someone looking to buy in Boston, to ignore the thousands of condos for sale in three-decker homes or in Back Bay and South End brick bowfronts / brownstones.
Yes, there might be less risk and chance of trouble if you buy in a larger condo complex, such as the Ritz Carlton towers or Atelier 505.
If you have a million dollars, go ahead.
For most people, however, there aren’t many choices.
I have been in the real estate business since 2001, and I have never heard of any nightmares caused by disgruntled condo owners and/or their condo boards.
There are more risks in buying a condo in a small condo complex, but they are not significant enough to rule out buying one.
More information: Condos can mean small headaches – By Nena Groskind, The Boston Herald