17 Dec 09

Know the Association Before Purchasing a Condo in Branson, Missouri

Though this post is applicable to condos in Branson, it is really applicable to purchasing in any market with a strong presence of condos. Since buying a condo amounts to actually buying a pro rata interest in the maintenance of the entire property association, buyers need to be acutely aware of the health of the aforementioned association. Look over the condo docs and current bank balances to get a good idea, then ask some of the neighbors (or your Realtor!) to get an even better idea of how the property is run. Also, how do the dues compare to other similar properties around the area? — this will affect the marketability of the property in the future. In short, do your homework before encumbering yourself with a share of maintenance of the buildings and common elements.