When searching for the ideal condo, seek ownership in a well-maintained building, and pay special attention to the financial health of the condo association. Lax maintenance may be a sign of financial trouble, which could result in higher maintenance fees and problems trying to resell the property later.
Some things to consider include:
- Obtain a copy of the latest financial statement from the condo association.
- Ask the board of directors - which is elected by the unit owners from among themselves - if major repairs or improvements are imminent. If so, find out how much they will cost and whether there is enough money in the reserve to cover them.
- Check the by-laws, the rules, and the covenants, codes, and restrictions (CC&Rs). You may find that, among other things, they prohibit or restrict pets and the renting of units. Some may require that the board have the right of first refusal on the sale of any unit.
- Learn everything you can about the homeowners association, including legal disputes and conflicts. Start by reading the minutes of the association meetings.
- Find out the owner-to-tenant ratio. Because many condominiums are often purchased as investments, there could be a high percentage of tenants in the building.
Ready to start your search? Check out this list of condos currently on the market in the Greater Lansing area. If interested in getting more info on any listing, go to Coldwell Banker Hubbell BriarWood and enter the address in the search. Contact a local CBHB agent who will be happy to help you!
|MLS #||Address||City||T-Sqft||Year||Beds||FBaths||HBaths||List Price|
|214636||1730 Wellington 6||Lansing||902||1962||2||2||0||$79,900|
|216390||2778 Carnoustie Drive 3349||Okemos||2662||2017||4||2||1||$445,000|
|219011||2832 Kittansett Drive 3 2463||Lansing||4530||2007||4||4||1||$584,500|
|214534||3922 Hunters Ridge Drive 4 1110||Lansing||968||1974||2||1||0||$54,900|
|215221||3834 Fossum Lane||Okemos||1827||2017||3||3||1||$249,900|
|217230||6160 Innkeepers Court 69 7819||East Lansing||0||1974||1||1||0||$69,900|
|219068||13795 Mead Creek Road||Bath||880||2006||2||1||1||$126,900|
|217417||3400 Oakmont Drive 1260||Lansing||2400||2000||3||3||0||$279,900|
|217360||2817 Ballybunion Way||Okemos||3416||2017||3||2||1||$554,900|
|217378||1457 E Pond 25||Okemos||1080||1986||2||2||0||$29,500|
|83116||6165 Innkeepers Court 72 1641||East Lansing||744||1974||1||1||0||$49,900|
|218089||7436 Cabot Court 06||Grand Ledge||1845||2017||3||2||1||$300,000|
|218636||600 Albert Avenue 324 4463||East Lansing||1187||2008||2||2||0||$219,000|
|217479||7432 Cabot Court 05||Grand Ledge||2321||2017||3||2||1||$300,000|
|219033||6318 Lake Drive 10 8930||Haslett||2277||1986||2||2||1||$419,000|
|218779||1824 Nemoke Trail 7618||Haslett||1400||1979||2||2||1||$106,100|
|218798||1824 Willow Creek Drive||Lansing||2349||1999||3||3||0||$189,900|
|213548||2815 Carnoustie 30||Okemos||2686||2017||3||2||1||$399,900|
|218810||3156 E Hamlet Circle 45||East Lansing||1832||2014||3||2||1||$197,000|
|218828||305 N Geneva Circle 12 3077||Lansing||1840||1992||2||2||0||$229,700|
|216133||3824 Fossum Lane 5||Okemos||1827||2017||3||3||1||$249,900|
|216134||3818 Fossum Lane 7||Okemos||1817||2017||3||3||0||$224,900|
|215548||2942 Marfitt Road 6355||East Lansing||1313||2000||2||2||1||$172,000|
|216139||1571 W Pond Drive 34||Okemos||1080||1985||2||2||0||$64,900|
|216149||3822 Fossum Lane 6||Okemos||1511||2017||3||2||1||$209,900|
|216746||1570-35 W Pond Drive||Okemos||1080||1986||2||2||0||$55,000|
|216867||589 Aquila||East Lansing||3434||2007||3||3||0||$349,900|
|219225||515 White Pine Blvd #3 8821||Lansing||1271||1998||2||2||0||$175,000|
|217101||4409 Copperhill Drive 2067||Okemos||3308||1984||3||3||1||$275,000|
*Listing data courtesy of the Multiple Listing Service of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither broker(s), agent(s) nor WhereToLive.com, Inc. shall be responsible for any typographical errors, misinformation or misprints, and shall be held totally harmless.