When buying a home there is always due diligence to be performed. When that home is a condominium, the checklist can be much more exhausting. After a decade of living at Bouchelle Island, maintaining positions both as HOA President and Director on the board for the CSA, I have seen many scenarios that can effect both buyer and seller in a real estate transaction. Below is just a short list of concerns that should be addressed:

1. In addition to the physical inspection of the property, inquire about the reserve fund and past maintenance projects.

2. Thoroughly review HOA documents and rules. Understanding the regulations of the complex can greatly effect your living experience.

3. Understand the monthly HOA fees, special assessments, and the overall financial health of HOA.

4. Consider the location, accessibility to amenities, and whether it meets your lifestyle needs.

5. If buying for investment, research the rental market, vacancy rates, and percentage of owner-occupied units.

6. Understand the specific mortgage options and restrictions for condominiums.

Living at Bouchelle Island is a wonderful lifestyle that can be enjoyed by all. It is paramount that each owner understand their legal rights and responsibilities to make the process as seamless as possible.

With my experience as a realtor, owner, and board member at Bouchelle I can assure that your buyer/seller’s checklist will be complete and accurate.