What are people’s thoughts on investing in a new construction suburban condo? These are one or two story “condos” (not high rise, more like 7-8 separate buildings maybe 2-4 condos per building) in a community with a clubhouse etc. They are in an “A” area but come with a $240/month HOA fee.

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Defund the HOA

Lol I know. Also brings to question what they cover for that amount so I can determine how much I can lower my monthly repair reserves budget.

You want the most controlling HOA possible, because that’s what keeps your property value high

Without HOAs the place quickly degrades and people start doing things like hanging tie dye blankets as window shades and putting dead vines all over their balconies and you lose out on hundreds of thousands of dollars in value

What city are these located in or near?

Central Virginia

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