Survey Shows That Condo Residents Mostly Happy With Their Homeowner’s Association
According to a recent survey, more than seven in 10 condo and townhome residents say they are satisfied with their purchase. Satisfaction is a big trend in housing communities governed by homeowners associations due to a host of reasons. A huge reason is that compared to single-family homes, condos are generally less expensive.
Also, given the average condo has a smaller square footage footprint than the average single-family home, keeping the interior spic and span is easier and condo owners spend much less time and money on upkeep than with the average sized single-family home.
The survey also reports that eighty-six percent said they knew they were moving into a homeowner association governed community when they decided to purchase, 61 percent had no qualms about the association’s existence, and 30 percent said the association made them more likely to buy or rent.
