Florida’s growing condo crisis amid upcoming association deadlines

Florida's growing condo crisis means that owning a unit in an older condo building is becoming more expensive due to new laws requiring associations to fund financial reserves and ensure building repairs and maintenance. Additionally, insurance costs for some complexes have doubled or tripled in recent years.

Those whose units and associations are in buildings that cannot be repaired or maintained, and lack the financing for these projects, will face the most significant difficulties.

To read more about the new laws and their deadlines please click here

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Please call Barry Frette at 561-880-5587 to discuss how Florida's growing condo crisis may affect your condo purchase or sale.

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