29 Sep 2011

Because It’s a Business, That’s Why

Posted by Orlando HOA Services

So you just bought a condo. You looked over the complex, it was charming and to your taste. It looked well-kept. You loved the amenities.

The Homeowner Association fees were affordable. You got a good deal. Congratulations! You just made a major real-estate investment with an average of 10 to 250 partners, all complete strangers.

And this is where it gets complicated. Because when you’re living next to your neighbors, you engage in the whole panoply of behaviors that neighbors engage in. But when you go to your Board of Directors meetings, it’s business. And that’s the attitude you need to take. For most Americans, their home is their largest investment. Those pesky CC&Rs, Rules and Regulations, By-Laws, they are all designed to protect your investment.

So when you go into a Board Meeting to complain about this, that, or the other, ask yourself: Is this something I need, that will enhance the value of the property? Or is it something I want, will inconvenience my neighbors, and make my property less attractive and therefore less valuable? If the answer is the latter, I advise drop it. When it comes time to sell your property, you’ll be glad you did.

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