<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Do association loan repayments diminish property values?

| Massachusetts |   Condo Association Loans |  


Question:

I live in a small condo complex in SE Massachusetts. After 34 years our roads and driveways need replacement. We are able to get a loan from a bank to cover these expenses, but some owners believe getting a loan and paying it off over time through our condo fee will diminish the value of the property. If we do this are there any negatives connected to doing something this?


Answers (6)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
 

Related Posts

Does your board read their property management reports?

Condo board dictates not portable washers or dryers in units

Can controlling developer ignore bylaws and condo docs?