"Buying a Boston condo for sale involves navigating complex association rules and financial health checks. What is the "health" of the Condo Association? Buyers frequently ask for the 6(d) certificate to verify there are no outstanding fees and check for sufficient reserve funds to cover future repairs. What are the upcoming Special Assessments? A top concern is whether a building has planned major projects (like roof or elevator replacement) that would require a hefty one-time payment from owners."
"What are the Rental and Pet Restrictions? Many ask if units can be rented on platforms like Airbnb or if there are minimum lease lengths and strict pet policies. Does the unit include deeded parking or storage? In dense areas like Back Bay or the Seaport, deeded parking often adds more long-term value than high-end interior finishes. What is the Owner-Occupancy Rate? High investor ownership can make it difficult to secure certain mortgage types, such as FHA loans."
Buyers should evaluate the condo association's financial health by requesting the 6(d) certificate to confirm no outstanding fees and adequate reserve funds for future repairs. Investigate upcoming special assessments for major projects like roof or elevator replacement that could impose one-time costs on owners. Verify rental and pet policies, including short-term rental rules and minimum lease lengths. Confirm whether the unit includes deeded parking or storage, as parking in dense neighborhoods often adds long-term value. Check owner-occupancy rates because high investor ownership can restrict mortgage options such as FHA loans. Consult local brokerage sites for updated 2026 condominium information.
#condo-association-financial-health #special-assessments #rental-and-pet-restrictions #deeded-parking--storage #owner-occupancy-rate
Read at Boston Condos For Sale Ford Realty
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