SirGawain
2020-09-30 19:02:41
- #1
Hello,
unfortunately, I have no experience with terraced houses and also not with homeowners' associations. Therefore, I am turning to you in the forum with this question.
What are the advantages and/or disadvantages of having larger shares of the land in a residential complex consisting of several terraced houses? In my area, there is a new residential complex consisting of several terraced houses that are part of a homeowners' association. Some of the terraced houses cost a bit more and have slightly larger square meter figures for the land shares. The living areas are the same.
The following questions came to my mind:
- If I have more square meters of land area, do I also have greater voting power in decisions of the homeowners' association?
- If I have more square meters of land area, do I then receive greater compensation if, in the distant future, the entire block of buildings were to be demolished?
- If I have more square meters of land area, do I then have to pay higher annual property tax?
- If I have more square meters of land area, do I then have to pay higher additional costs? If yes, which additional costs would be affected?
- I once read somewhere that end-terraced houses tend to have larger land shares than mid-terraced houses. What are the advantages and disadvantages of end-terraced houses vs. mid-terraced houses?
Thank you very much for your answers!
Kind regards,
SirGawain
unfortunately, I have no experience with terraced houses and also not with homeowners' associations. Therefore, I am turning to you in the forum with this question.
What are the advantages and/or disadvantages of having larger shares of the land in a residential complex consisting of several terraced houses? In my area, there is a new residential complex consisting of several terraced houses that are part of a homeowners' association. Some of the terraced houses cost a bit more and have slightly larger square meter figures for the land shares. The living areas are the same.
The following questions came to my mind:
- If I have more square meters of land area, do I also have greater voting power in decisions of the homeowners' association?
- If I have more square meters of land area, do I then receive greater compensation if, in the distant future, the entire block of buildings were to be demolished?
- If I have more square meters of land area, do I then have to pay higher annual property tax?
- If I have more square meters of land area, do I then have to pay higher additional costs? If yes, which additional costs would be affected?
- I once read somewhere that end-terraced houses tend to have larger land shares than mid-terraced houses. What are the advantages and disadvantages of end-terraced houses vs. mid-terraced houses?
Thank you very much for your answers!
Kind regards,
SirGawain