Each new generation of home buyers brings with them new needs or desires that condominiums, homeowner (HOA), or townhome associations need to consider. The newest generation of home buyers has shifted to the Millennial generation, with Gen Z not being far behind, and they come with their own list of values and desires when considering … Read More ›
Among the many impacts the coronavirus pandemic has had on daily lives, two trends that have become part of the “new normal” include pet adoption and remote work.
According to the American Society for the Prevention of Cruelty to Animals (ASPCA), nearly one in five American households “acquired a cat or dog since the beginning … Read More ›
As the demand for rental units has increased over the last few years, the transactions commonly referred to as “condominium deconversions” or “condominium terminations” have become more commonplace.
Condominium deconversion or condominium termination transactions involve an investor (ex. real estate developer) who purchases all of the units in an association from the individual owners, and then … Read More ›
The popularity of Airbnb, Homeaway, and VRBO have made short-term rentals a topic of discussion among condominium, homeowner (HOA), and townhome community associations. By conveniently bringing owners and prospective guests together through websites and apps, these online services can convert a condo or home into a revenue-making rental property with very little effort.
However, short-term rentals … Read More ›