Eliminating Amenities: Know When to Walk Away

When buyers purchase apartments, they also purchase access to the condo or co-op’s shared amenities. Depending on the scale and financial demographics of the building, those amenities could be substantial; during the real estate boom of the early 2000s, free Continental breakfasts and in-house pet spas weren’t unheard-of. Even in more modestly appointed co-op and condos, pools, gyms, and so forth are often part of the package marketed to buyers. In a post-Recession economy however, boards in some buildings are re-evaluating the importance of certain amenities.       Read the article……………


Related Articles

When your Management Company has a Conflict of Interest

Your management company is operating on notoriously thin profit margins, taking the bare minimum in management fees from your clients.

Political Signs in HOA’s and Free Speech

The 2016 presidential election was one of the most vicious the US has seen. As a result, HOAs are struggling

Rules of new neighborhood, community critical to know

When moving into a new home, there’s an extensive list of things you need to know: How to control the