Condo Living Made Easy

Presented by Haus Financial Services, LLC - Elevating Small Condo Management.

Getting Smart About Condo Living

Details: Written by Alexa Jackson; Category: What We're Thinking About Lately...; Published: 07 June 2022

First-time condo buyers are often surprised and confused by the way their new building or HOA operates.

In a condo, you can’t depend on the landlord for everything as you might in a rental, nor can you do whatever you'd like without any prior approval, as you would in a single-family home.

Confusion often stems from areas like monthly assessments, shared vs. owned elements, board responsibilities, etc.

To learn more about orienting new condo owners, check out this article.

Mental Health and Community Associations

Details: Written by Alexa Jackson; Category: What We're Thinking About Lately...; Published: 01 June 2022

Community association board members and managers will work with people from all walks of life, including residents who are living with behavioral or mental health issues.

While some residents may openly discuss their struggles and/or specific diagnosis, other residents' struggles may go undiagnosed and undisclosed, making it harder for the board or management to understand the situation.

Regardless of the scenario, all residents deserve to be treated with dignity and respect. If associations fail to treat a resident with the appropriate care, they may find themselves liable for damages.

Check out this article to learn how community administrators can appropriately address and support residents living with behavioral or mental health issues.

Spring Maintenance

Details: Written by Alexa Jackson; Category: What We're Thinking About Lately...; Published: 25 May 2022

Spring is finally upon us!

For community associations, spring signals that its time for a number of seasonal maintenance projects that vary depending on the particular property. For some associations, this maintenance may only require the removal of winter debris. For others, spring maintenance might include cleaning and prepping swimming pools, tennis courts, and playgrounds; power-washing the facade; or even repainting the entire exterior.

No matter the length of your spring maintenance checklist, a well-coordinated schedule is key to streamlining the process.

Check out this article to learn what maintenance items you might want to consider for your association.

What to Consider Before Purchasing a Condo Unit

Details: Written by Alexa Jackson; Category: What We're Thinking About Lately...; Published: 19 May 2022

Condominum associations are often one of the more affordable living options in many areas of Chicago. Condos allow residents to focus on the maintenance of their own unit without worrying about larger maintenance issues, such as snow removal, landscaping, etc.

That said, purchasing a condo is a major investment in many respects. In addition to the monetary investment of an initial down payment and mortgage, there are also significant financial and legal implications involved.

To learn more, check out this article filled with answers to frequently asked questions from recent condo purchasers and those exploring the market.