Purchasing any type of property, be it a home or condo, is big deal for any prospective buyer. But if you’re looking to buy a condo near the Akron, Ohio; Tallmadge, Ohio; or Cuyahoga Falls, Ohio area, the community association professionals at Grace Property Services LLC in North Canton, Ohio want you to know that there are some things to look for in order to help you refrain from making a bad condo purchase. From how a particular condo association views and treats association governance and restrictive leasing rules, to whether or not your prospective association has had an association reserve study done, there are many factors that can contribute to a poor condo purchase. Working with an experienced realtor can also make a very real difference. Not only can Grace Property Services LLC help buyers become more aware, but the red flags that they point to can be helpful to associations that are looking to better their practices.

Of course, if you think of the telltale ways of identifying whether or not you are about to make a bad condo purchase, many buyers would look to the condition of the property first. While that can be a huge indicator, the associates of Grace Property Services LLC  know that the unit you are looking to purchase in Tallmadge or Cuyahoga Falls could still end up being a poor investment for you despite great appearances. It’s what’s below the surface that’s important, which is why working with an experienced realtor is extremely helpful. Your realtor should offer you all of the important documents that are associated with your prospective condo association prior to your making an offer since they will tell you a lot about their association governance practices. Does the association have strict restrictive leasing rules? What is the policy regarding any delinquent dues or maintenance fees? These are all important things to think about.

Another important aspect to consider is your prospective or current condo association’s preparedness for the future. The community association professionals of Grace Property Services LLC encourage you to find out whether your association has conducted an association reserve study, and if it hasn’t, does it have plans to. It is Ohio State Law that all associations have a forward looking twenty year plan for replacement of all common elements. As a buyer, this may dissuade you from considering that unit in Akron or North Canton. As a condo owner or association board member, this may prompt you to take the proper and necessary steps to making sure that your association is not only compliant with state law, but is in good standing with all association practices in order to continue to attract future buyers and residents.

While Grace Property Services LLC exists to serve condo associations and homeowner associations with association governance, compliance, and management practices, that does not mean that you cannot learn from the collective knowledge that their community association professionals have. This is all information that any experienced realtor should have, especially concerning restrictive leasing rules, maintenance fee, and details surrounding a particular association’s association reserve study. On the other hand, if your Cuyahoga Falls, Ohio; Akron, Ohio; or Tallmadge, Ohio community association could use some assistance in bettering it’s practices and compliance capabilities, feel free to learn more about the services that are available through Grace Property Services LLC. Contact one of their associates at 234.209.9140, or visit their website at www.gracepropertyservicesllc.com.

To receive additional information, click HERE to take a short survey.

Grace Property Services LLC
1375 South Main St. Suite 201
North Canton, Ohio 44720
Ph. 234.209.9140
www.gracepropertyservicesllc.com