As a Boston condo buyer, it’s important that you are aware of the possible pitfalls of buying into a Boston condo association building. Not to alarm you, but before you rush out and write an offer with your broker, it’s important that you have some understanding of the complexity of evaluating the strength of a Boston condo association and its restrictions.

Here are a 10 questions you should ask the listing Boston broker about the building condo association:

  1. How much are the monthly condo fees for 2018. What do they cover? What are the condo fees based on? Is the condo association self managed or professionally managed?
  2. What does the condo association have on reserve? Are there any major renovations scheduled? Capital improvements?
  3. Ask for a copy of the last 6 months of condo meeting minutes. This will indicate if there are any future problems ahead for the building or if any of the Boston condo owners are behind in their condo fees.
  4. Ask about rental restrictions. I recently had a client who purchases property as uses them for Airbnb. In Boston, more condo associations are restricting this type of rental property. If your an owner, do you really want strangers coming in and out of your building?
  5. Affordable condo resale restrictions. Affordable housing laws placed on the condo, this is common with some new Boston condominium development projects in Boston.
  6. Pending litigation. Is the condo association involved in any lawsuits, or pending lawsuits.
  7. Insurance policy. What type of insurance does the building have? What does it cover.
  8. Renovation restrictions. what is the policy to renovate your Boston condo. If  you need to shit down the water for the building because your renovating a bathroom, are there time restrictions, notification to tenants ect..
  9.  Pets. Does the condo association allow pets, if so are there weight restrictions. What type of animas are allowed?
  10. 10. Move-in and out fees. This is very common in Boston luxury high rise buildings with an elevator.

For more information please call John Ford at 617-720-5454.

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Updated: January 2018

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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