Everyone is different. I never owned a townhouse/condo, though when I was younger I was more inclined to consider one. Having rented in condos before, I found the rules excessive. Can’t have your garage open, pet limitations, parking restrictions, car restriction (one place wouldn’t allow you to have a lifted truck – not that I do, but come on – militaristic) and on and on.
They give you a list of the HOA rules. Read them carefully. They are lengthy. My understanding, the rules can change and be added at their whim.
Also, nowadays, w/defaults, condos are assessing special fees, since they are not getting enough money from everyone that should be paying.
Certainly/hopefully not the case w/Sunset Cove. They’re fairly new. But that’s not to say it can never happen ever in the future. You’re relying on others to pay their share and that the money is managed properly.
Also, I think that the HOAs can also increase as their costs may be subject to inflation, rising costs of expenses, etc. I’m not 100% certain on that. Maybe they won’t raise fees. But say, 10-15 years from now the place needs a new roof and there’s not enough money in the HOA account, you may get hit w/a supplemental bill. Not your problem if you’re not there for 10+ years. But you do have to sell it and someone else buying will look at that. I know I would.
I like Sunset Cove. I just think the price is a little high relative to surrounding homes selling at/near their prices, though not as new. I understand your concern about fixing older places. That doesn’t stop others. Which means Sunset Cove is competing w/the others and should reduce. But prices are still sticky and as long as people are buying, then there won’t be a reduction.
