What Questions to Ask when buying a Milpitas townhome (Milpitas, CA)

What Questions to Ask when buying a Milpitas townhome

What Questions to Ask when buying a Milpitas townhome Milpitas Townhomes and Condos may be right for you but do you know what questions to ask when buying a Milpitas townhome The best way to know about the Townhome community would be to ask some of the actual residents of the Milpitas Townhome Community you might be interested in. Here is a short list of questions to ask Ask to obtain a copy of the Covenants Conditions & Restrictions otherwise known as CC& R s This is going to be a massive report but make sure to look through it or at least get acquainted with it. This report basically tells you what you can and cannot do as a member of the townhome community. Ask about the Home Owners Association otherwise known as HOA. This will help any potential buyer understand how much the monthly association fees are and what the HOA fee include. Some examples would be water sewer trash hazzard fire insurance common areas maintenance such as gym pool park etc. Ask about the Designate Parking Spaces and public parking rules If you have guest space might be limited. Ask if parking is limited or if there is plenty of parking. One of the best ways to know is to look at the overnight parking situation is it overcrowded or are there empty public spaces Ask about the Common Community areas. What are the hours of operation for the common areas. Some communities have a recreation building that can be rented out or reserved by the owners for free or a small fee. Make sure to ask about the rules for these common areas. Ask about who manages the entire complex. Ask if it s a professional management company or a small group of local individuals. This is important because it can mean the difference between having something fixed in hours instead of days. This is good to know for after hours incidents. How responsive is the management managing the complex Ask if there s any additional work being considered or additional phases planned for the townhome community. Basically is there anything planned in the community complex planned for the future. Maybe there might be some changes or retrofitting to keep up with the latest townhome designs or trends to the common areas. Ask if the Home Owners Association is currently involved in any legal disputes. This is important and will help understand how the Association is doing. This can also provide an understanding to know if any legal costs or fees are added to the association fees. Ask to know any budget or how much does the Home Owners Association have in reserves. Try to find out how much the Association has in it s capital reserves fund for expenses that might come up in the future. A good number would be anywhere between 10-20 percent of the annual revenue budget. Ask how many units are for sale and if there are any current townhomes in foreclosure. This will give you an idea of market value and maybe potential resale issues. Ask who is responsible for fixing what Most communities have regular maintenance crew but they might be limited as to fixing stuff around the complex. Find out what the HOA is responsible for what maintenance is responsible for and what the townhome owner is responsible for. At the same time find out if you need permission from the Association for any interior or exterior upgrades a potential townhome owner might be considering before or after he she moves in. Finally Ask about pet restrictions. If you currently have pets or if you re considering having pets in the near future this is a really good question to have up front. Some complexes might have a restriction in size or type of pets allowed. Of course there is much more you can ask but consider these questions and know What Questions to Ask when buying a Milpitas townhome and remember It s always a good idea to ask all these questions up front. This might help you decide if the you and the Townhome you re considering are right for each other. Do you own a Townhome or Condo in Milpitas Receive a Current Townhome or Condo Milpitas Home Value Here Search All Milpitas Townhomes for Sale Here Receive more information regarding What Questions to Ask when buying a Milpitas townhome Here Receive a FREE report of all Up-Coming Townhomes or Condos for Sale in Milpitas Here Thank you for reading up on What Questions to Ask when buying a Milpitas townhome.