Contact Information
Sheila Morales, R, ePRO, SFR Kauai Dreams Realty 4-1435 Kuhio Hwy Kapaa, HI, 96746
Office: 808-652-1900 Cell: 808-652-1900 Fax: 888-251-2235
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are condos a risk? |
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Are Kauai Hawaii condominiums risky to buy?
While condos never had the kind of appreciation experienced by single-family homes in the go-go 1980s, most ultimately have not lost value, say some experts. And with high prices in many urban markets and more single home buyers in the market than ever before, the market for Kauai Hawaii condos is strong.
As with any home purchase, you should do your homework about the neighborhood or development before you buy. In the case of condominiums, it is important to read the past six months of homeowners association minutes to see how effective the board is and to learn about any possibly detracting issues (such as protracted litigation with the developer).
The condominium community has worked hard in the last few years to
overcome image problems brought on by disputes and lawsuits.
Associations are becoming more sophisticated about property management
and taking steps to prevent legal problems and disputes.
Other resources:
* Community Associations Institute, 1630 Duke St., Alexandria, VA 22314; (703) 548-8600.
* "The Condominium Bluebook," Branden E. Bickel, B&B Publications, San Francisco, CA; 1993.
Questions about Kauai Hawaii Real Estate?
Ask us below or Call us Now at 808-652-1900
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Last Updated ( Thursday, 04 September 2008 )
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