re: Orange Beach Condo Ownership

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Special assessments can be a killer. My aunt has a place in Destin that they are having to rip the balcony off and rebuild it because they didn’t properly seal the concrete and the rebar is starting to corrode.

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I know someone here also and its over $50k for them.

Given that, its generally still a lot cheaper to do things in bulk. We have a new 5 ton AC unit put in a unit along with 30 other owners and it was under $3500 total and they used a crane to get the outside unit on a roof. They were knocking out 3-4/ day with the same crews.

People act like owning a personal home never has a "special assessment". Condos and HOA's try and plan for the future with savings and some do it very very well. Others' don't. No different then some homeowners save up and plan for expenses and other's have to take out loans.

At the end of the day if you own a place privately you'd be paying for your "special" assessment one way or the other.