Proximity to the CU Campus is usually the first consideration of your CU student. Generally speaking, the more central to the CU Campus, the more expensive it is. How many bedrooms are next on the list? Either your CU student has decided to live alone or they likely have a shortlist of prospective roommates from among their classmates. Being a landlord is not difficult. It’s comforting to know that your property manager (your CU student) will be “on-site” ready to handle any tenant issues.
Condominium complexes are governed by a Homeowners Association (HOA). Each unit will be assessed a monthly HOA fee. It is important to clearly understand what is included in the HOA fee. As a general rule, most HOA fees include building insurance, exterior building maintenance, snow removal, water, sewer, trash, yard maintenance, and management. Some HOA fees will include hot water heat and cold water cooling.
As you walk around the condo complex, take note of the general condition of the buildings including deck, fencing, stairs, balconies. Also, consider the condition of the landscaping. Do you have a good impression or are you concerned?
There are many details that require answers. This is why you want to work with an experienced licensed real estate Broker.
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