Although you may find the value of your condo unit down, its a great time to invest in condo association or HOA capital improvement projects.
All trade services are currently on sale - many for over 50% discounts because the trades need the work since the economy and housing market has crashed.
We received a quote to paint our common areas two years ago for $12,000. The painter called us back one month ago and offered to the same paint job for $5,000. Needless to say, our condo association went ahead with the painting project.
Some trades that may be offering great home improvement deals include:
- Painters
- Plumbers
- Wallpaper Hangers
- Electricians
- Brick Layers
- Building Cleaners
- Carpet and Flooring Installers
- Woodworkers
- Drywallers
- Elevator Installers
Additionally to good time for these capital improvement projects, its also a great time for associations to take out a HOA Loans. Rates for Homeowners Associations and Condo Associations are currently about 6% which is excellent.
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