For Boston high rise condo owners, puchasing a downtown Boston condo is a convenient way to get luxury amenities, and live in a secure luxury complex. However, this doesn’t mean condo owners avoid responsibilities entirely. Boston Condo owners might not have to perform as much maintenance as single-family homeowners do, but they still need to handle some issues. If you’re considering investing in downtown Boston real estate, understand that when you buy a condo, you’ll typically end up being responsible for these five items
1. Your Unit
This can go without saying, one of the most basic things a condo owner is responsible for is the unit itself, which includes the floors, walls, ceilings, and everything else that makes up the unit. Even if it’s something like a structural beam that supports another unit, you may be responsible for it if it’s inside your unit.
Any appliances in your condominium, including water heaters, ovens, and HVAC systems, will be your responsibility. You’ll need to repair them yourself and replace them when they no longer work. The only exception to this may be if you have appliances that are shared by one or more units in a high rise building.
3. The Unit’s Plumbing
Plumbing that goes through the condo’s public areas is normally handled by the condo association, but any pipes that go through your unit may be your responsibility. For example, a clog in the main sewer line will need to be handled by the building/complex condo association, but you’ll have to handle a clog in your shower.
4. Some Electrical
In most condos, anything that’s meant to serve a single unit will be the responsibility of that unit’s owner. Even if the wiring itself is outside your unit, you may need to handle repairs yourself if something goes wrong. Things can get complicated with all the connected wiring between units, so read the fine print in your condo agreement carefully to see if you’re responsible for it.
5. Condo Association Fees
One of the most important things owners are responsible for is condo association dues. These dues are essentially your share of the fees for handling maintenance, amenity upgrades, and building repairs.
Boston Real Estate for Sale and The Bottom Line
If you’re looking for the condo of your dreams, reach out to a reliable agent from Ford Realty Inc., to help you find the perfect home. From lofts in the Leather Distrcit to High rise condos in Midtown. our company offers a wide variety of great properties in the downtown Boston. Call 617-595-3712 for more information or complete the Request Form below.