What You Need to Know About the HOA
By DevSupport on June 10, 2015
The Homeowners Association (or Strata Council, as it is referred to by Canadians) is an important factor in buying a condo in Puerto Vallarta. With a good HOA, your Puerto Vallarta condo will be well-maintained and organized which will protect your investment and increase your enjoyment of your home. There are many questions that buyers should be asking beyond “what is the monthly payment?” to determine whether a particular development is right for their lifestyle and needs. Questions you should be asking should include:
Are pets allowed? Are there any restrictions on size, weight or breed?
Can you run a business from your home?
Can you rent your unit? If so, are there restrictions?
Are any special assessments planned?
How is the financial health of the association?
What insurance coverage will you need?
What parts of the unit is the owner responsible for?
What are the parking rules & restrictions?
And of course, it is important that the payments fit into your budget. The team at Elengorn Realtors can help you find a condo building in Puerto Vallarta with a great HOA for an easy home-owning experience.
For more from Elengorn Realtors, click here.
Subscribe to our newsletter and keep up-to-date with our latest properties and track the market trends.