Condos: Consider The Risks As Well As The Benefits

September 4, 2008

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC

Condos: Consider the risks a well as the benefits.

Even in the newspaper story about Rosewood Condominium yesterday, the lines about buying a condo, downsizing from single family homes and eliminate maintenance chores made me laugh off my large medicine ball-chair.

Why, you ask? Because I spent the better part of the morning reading the minutes from a popular condominium located in one of Charlotte’s most prestigious neighborhoods.
Granted maybe the lack of proper maintenance is management company, maybe it is because when we do things by committee preventative maintenance winds up on the floor. And the older I become, the more I know, everything is about maintenance. Your bike, your teeth, the gaps in the cement between bricks.

In this one particular complex there have been water problems from the air handlers of air conditioning units. And from the water problems, long neglected, come a mold problem.
People who have health challenges are experiencing irregular temperatures and are having a hard time being heard.

And then as I finished walking the dog and was closing the gates, my new neighbors walked by and stopped to tell me the Radon remediation on their condominium in the city went well. We spoke of being proactive. Another condo has been reported with Radon Uptown. Why is it I know and the residents don’t?

And just when I figure I can’t make sense of a good concept, condos, gone astray, I am reminded of the superior job being done by a woman in Cotswold. She keeps amazing all of us with her tenacity, her focus and her single sterling vision of condo principles. Maybe we can persuade her to join us for a podcast soon. She is the example of how a community should be and can managed.

For Condo CanDo, This Is Lynnsy Logue, The Real Estate Lady in Charlotte, NC