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Old 06-05-2008, 03:15 PM
 
Location: New Milford, CT
104 posts, read 372,698 times
Reputation: 58

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I will be starting a new job in Ridgefield and am thinking of buying a condo in New Milford as soon as my house sells. I know next to nothing about the ins and outs of condos, HOA's and what they include. Does anyone have any suggestions or know if one association in New Milford is better than another? I would prefer a smaller association with few children as I like peace and quiet. I see most condo's are electric heat and some say the HOA includes heat and hot water when they are oil but is that a good deal? In that case aren't you at the mercy of the association? Is the least they offer they better? I am clueless.

Thanks
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Old 06-06-2008, 02:16 AM
 
Location: Connecticut
32,023 posts, read 50,294,061 times
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I can not make any specific recommendations of condos in New Milford but I can give you an idea of a couple of things to look for. First look carefully at the condition of the complex to see if it will need any costly repairs like roofing or windows. Then look at the association's financial statement to see if they are preparing for future repairs by having a reserve for items. Nothing would be worse than buying a new home and being faced with a major bill for repair work. Also, get a good attorney to review the association documents. That should help you avoid any surpirses. Good luck, Jay
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