Take It To the Board: Successful Community Association Living Starts With the Purchase Decision with Marisa DiLenge, Founder, DiLenge Real Estate Team (Part II)

Take It To the Board: Successful Community Association Living Starts With the Purchase Decision with Marisa DiLenge, Founder, DiLenge Real Estate Team (Part II)

Is living in a community association the right fit for everyone? In this second of two installments, host Donna DiMaggio Berger speaks with Marisa DiLenge, founder of the DiLenge Real Estate Team. She has been a licensed real estate consultant since 1992. She is also a member of the National Association of Realtors, a member of the Masters Brokers Forum of Broward County, a member of the Florida Association of Realtors, and a member of the Realtor Association of Greater Fort Lauderdale. They discuss how an experienced and professional realtor is now more important than ever.

Highlights include:

  • Should home renovations be done for the owner’s enjoyment or always with an eye towards resale value?
  • Developers love density, but is a pool on top of a parking structure a good idea?
  • How much due diligence should potential buyers do, particularly when purchasing in older coastal buildings?
  • What can past board minutes tell a potential purchaser about the community he or she is considering?
  • How does one find a well-credentialed realtor?
  • What creates risk when denying an application? Does requiring minimum credit scores really result in a financially healthier community?
  • Are “55 and Over” communities holding their value?
  • Is  there a conflict of interest when a realtor serves on his or her own board of directors?
  • How do environmental factors, such as “cancer clusters,” affect the asking price?
  • Can unauthorized  social media pages for a community association negatively impact property values?
  • Who is getting priced out of the current market?

(Click here for Part I.)

About Take It to the Board

Think you know what community association life is all about? Think again. Residents must obey the rules, directors must follow the law, and managers must keep it all running smoothly. Take It To the Board explores the reality of life in a condominium, cooperative or homeowners’ association, what’s really involved in serving on its board, and how to maintain that ever-so-delicate balance of being legally compliant and community spirited. Leading community association attorney Donna DiMaggio Berger acknowledges the balancing act without losing her sense of humor as she talks with a variety of association leaders, experts, and vendors about the challenges and benefits of the community association lifestyle.

If you’ve got a question, Take It To the Board with Donna DiMaggio Berger – We Speak Condo & HOA!

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