// EXECUTION PROTOCOL
- Review HOA resale package
- Check reserve study health
- Confirm financing eligibility
- Understand rental rules
- Inspect common areas
- Budget for monthly fees
DC condos come with HOA fees that can range from $200 to over $1,000 per month depending on building amenities and age.
Request the resale package: bylaws, budget, reserve study, meeting minutes, and litigation history. Review these before removing contingencies.
Lenders require certain HOA reserve funding levels. Buildings with low reserves may be harder to finance.
Check rental restrictions if you might lease the unit later. Some DC buildings cap investor ownership.
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