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By: Brendon Bruce

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Monday, 6-May-2013 20:44 Email | Share | Bookmark
The Responsibilities of Condominium Board of Directors

A condo that is strategically located, whether near a major business hub, urban area, or educational community can command attractive rental returns. A reserve fund is used for this, but a condominium reserve study will need to be created in order to ensure adequate resources are available when needed most. Because almost one-third of buyers today use FHA loans, this change can have a drastic effect on the marketability of units in your association. 2.They normally work together to ensure that the bylaws of the association are enforced as well as take the time to pass on the bylaws information to the residents within the property to ensure that they abide by them in order to make the condominium a success. No one unit owner may own more than 10% of the units in the Association. This makes it very easy to manage the association, thereby increasing its prospects of being successful. Each property would be inspected to see if it met FHA standards.You can still grow flowers, plants or vegetables indoors so long as light is available through a window. However, many condominiums usually have a balcony, and higher end ones today even boast of having a 'sky garden'. Many associations promote and advertise the fact that they are " FHA Approved.The change came down from the Federal Department of Housing and Urban Development. The homes become affordable for so many more buyers. Whether your are looking for a single bedroom or a family home with multiple bedrooms, a unit located right in the heart of the city or nestled away from the urban jungle, there will always be that suits you in the market with the ultimate choice being yours to make.Gulfstream Condo\ngulfstream condo

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