Columbus Idea Book November 2022

A penthouse condo in Dayton’s Performance Place offers dramatic downtown views. Photo by Daniel Feldkamp
ON THE FINANCIAL END
HOA or association fees can vary
widely, and as Walley suggested earlier,
you want to have an understanding
of what the association will cover
and its funding history.
“Yes, there are association fees,”
Meyer says, “But it is worthwhile to
afford the convenience to have additional
down time to relax. You also
empower the community board to
make sure that standards of continuity
and upkeep are met.”
Walley adds that many of the newer
condo buildings provide tax abatements
as extra perks. Depending on
the specific abatement, this could
reduce costs for more than a decade.
Also, she says, should you fall in love
with a particular location, but can’t
afford a specific unit, keep in mind
that even within a single building,
prices could vary greatly depending
on the particular floor plan and its
location within the building.
THE DEMAND CONTINUES
As housing shortages continue, we
can expect to continue to see more
and more condominium buildings
on the rise. There has also been
a shift to living closer to downtown
areas, making condo living
an appealing option. Regardless
of whether the location is city or
suburb, finding ways to feature any
particular condo in its best light is
key to a quick sale.
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