The benefits of a HELOC. One major benefit of a HELOC is the flexibility it offers. For example, if you take out a $300,000 HELOC but only use $250,000 to buy a condo, you’re only charged ...

What do condominium fees cover? Condo fees pay for maintaining shared spaces, on-site amenities, property-wide utilities and insurance, staff salaries, exterior repairs, landscaping and more.

What recourse do we have? A: There are ways to compel an election of board members in your condominium. In the meantime, you could put yourself forward as a candidate to fill the vacancy.

Q: I am interested in buying an 800-square-foot, one-bedroom condo in Manhattan. The asking price is $399,000, and it needs significant renovations. The homeowners’ association fee is $1,941 per ...

Some condo owners paid up to $10,000 extra for covered parking. Now that carport needs repaired, do all owners have to contribute? Our expert weighs in.