Moving into a condominium in Miami often provides you with the advantages of a homeowners’ association. Along with the positive influence this governing body has over your community, there are obligations that you will be expected to meet, as well. At Cuevas and Garcia, P.A., Attorneys at Law, we understand that reviewing the information you are given as a new member is an important part of settling into your neighborhood.
If you are weighing the advantages and disadvantages of the types of homes available to you in Miami, Florida, how the purchase affects your economic status may be one of the primary considerations. Real estate purchases are investments with potentially significant expenses related to maintaining value. Buying into a housing cooperative necessarily includes expenses, too, but in many ways this option provides a number of unique advantages.
Purchasing real estate in Miami, Florida, can be a big investment, but an alternative housing option that may be worthy of your consideration is a housing cooperative. This is another type of investment altogether, so it is essential to understand what it is you would be purchasing. We at Cuevas and Garcia, P.A., are familiar with the legal and financial aspects of cooperatives and often provide answers to those who want to explore the option thoroughly.
When developers in the Miami-Dade area build a condominium complex, there comes a time when they have to transfer over the control of the association to the members. The Florida Legislature states that there are several guidelines that apply to what the developers need to provide to the association and when the transfer is completed.
Florida has a high retiree population; as such, there are many condominium complexes available for rent or purchase, which can be a more attractive option to senior citizens than larger homes. For example, if you are looking to downsize and want a smaller residence to take care of, a condo may be what you need. Condominiums have other advantages, such as costing less than a single-family home and requiring less upkeep. Instead of having to do the yardwork yourself, property management will usually mow the lawn, do the landscaping and perform other maintenance work.
Many of the community-living options available in Florida are attractive for those who are retiring or those who love an exotic location. Whether you are buying a new home to enjoy your golden years or to spend as much time as possible on Miami’s golden beaches, a cooperative is an option you may be considering. However, you may also be wondering why you would pick a co-op over a condo or single-family home. Here, we’ll discuss some of the benefits and disadvantages of owning a co-op.
When you’re buying a condo or townhouse in Miami, you may not realize that under some circumstances, property managers or maintenance workers can enter your residence without your prior knowledge or permission. You will not be the only one to think that this is an invasion of privacy. However, when residences are grouped into units that connect to each other, it is sometimes necessary for personnel to enter if you aren’t available to give permission.
At Cuevas, Garcia & Torres, P.A., we have a great deal of experience handling homeowners association issues. We understand the common types of regulations HOAs may enforce to maintain the value of community properties and foster peace among neighbors. Many Miami residents are probably excited about the upcoming holiday season – some of them may be a little too enthusiastic for HOA standards, points out Consumer Affairs. What are some of the restrictions that homeowners associations may enact regarding holiday decorations?
The state of Florida sets forth several parameters that outline how someone may be elected to the board of a homeowners’ association, though the process is largely determined by the organization’s bylaws. Our team at Cuevas, Garcia & Torres, P.A., knows how important the leadership of your association may be. Electing people correctly can prevent problems down the road.
With Florida’s attractive beaches and beautiful weather year-round, millions choose to retire here. As such, there are numerous condominium communities in Miami-Dade and across the state. This could pose a good business opportunity if you own a condo that you wish to rent out. On the other hand, there are some aspects regarding condominium associations that may complicate matters if you want to sell.