Condominiums are a great investment for single people living alone, young couples starting out and the elderly needing assistance. Condo ownership is a less costly alternative to single family homes from the sales price, maintenance and improvements. The best way to protect your investment in a condominium is to know how old the complex is and when the systems and structural components were repaired or replaced. If the building is more than 30 years old it’s likely that the windows have been replaced once or need to be upgraded, not just replaced, but upgraded. Who is responsible to replace your condo windows depends on your HOA, however for most HOAs, the homeowner is responsible unless there are special circumstances.
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