Explore Condos
Condos
Homeownership doesn’t have to come with all of the responsibilities of living in a single-family home. Condominiums serve as an alternative, combining the benefits of owning a property with the perks of renting. Providing homeowners with a comfortable space and ample amenities, condos are often more affordable than standard housing and located in the heart of high-traffic areas, The Integrity Team has an eye on communities in Oakland County with units that:
Spotlight Communities
Peppered throughout Oakland County are communities of condominiums offering more affordable homeownership and cozy living space. The following spotlight communities have been hand-picked by The Integrity Team for their amenities and welcoming atmosphere.
FAQs About Buying a Condo in Oakland County
1. What should I review before buying a condo?
Buyers should review the condominium association’s rules, monthly dues, financial statements, insurance coverage, maintenance responsibilities, reserve funds, and any planned special assessments. It is also important to understand which parts of the property belong to the owner and which are maintained by the association.
2. What do condo association fees usually cover?
Condo fees may cover exterior maintenance, landscaping, snow removal, common-area upkeep, community insurance, water, trash service, or shared amenities. Coverage varies by development, so buyers should confirm exactly what is included and which expenses remain their responsibility.
3. What is a special assessment?
A special assessment is an additional charge collected from condo owners to pay for major repairs or expenses that are not fully covered by the association’s regular budget or reserve fund. Buyers should ask whether any assessments are currently due, recently approved, or being discussed.
4. Is financing a condo different from financing a single-family home?
It can be. In addition to reviewing the buyer’s finances, a lender may evaluate the condominium development’s insurance, owner-occupancy levels, association finances, litigation, and other factors. Buyers should speak with a lender early to make sure both the unit and the development meet loan requirements.
5. Can I renovate the inside of a condo?
Owners can often make interior improvements, but association approval may be required for changes involving flooring, plumbing, electrical systems, walls, windows, or other structural components. Buyers should review renovation rules before purchasing a unit with major updates in mind.
6. What insurance does a condo owner need?
The condominium association typically carries insurance for certain shared structures and common areas, while individual owners usually need coverage for personal belongings, interior finishes, liability, and areas not covered by the association’s master policy. Buyers should review both policies with an insurance professional.
7. Can condo rules affect pets, parking, or rentals?
Yes. Associations may limit the number or size of pets, assign parking spaces, restrict commercial vehicles, regulate exterior decorations, or limit short-term and long-term rentals. Buyers should make sure the community rules support their lifestyle and future plans.
8. How can I evaluate the financial health of a condo association?
Review the association’s budget, reserve fund, recent meeting minutes, insurance, history of fee increases, unpaid owner dues, and upcoming maintenance projects. A well-funded association may be better prepared to handle major repairs without relying heavily on special assessments.
9. How can The Integrity Team help me compare condos?
The Integrity Team can help you compare condo developments, monthly fees, amenities, maintenance responsibilities, locations, and available units. They can also help you identify important questions about association documents, financing, insurance, special assessments, and resale considerations before you make a decision.