Condo Living - Frequently Asked Questions
|What is a condominium?
- A condominium is a form of ownership in which owners share an interest in common areas, such as parking structures and shared yards, and hold title separately to their individual units.
| What are the advantages of a Park Place Village Condo?
- Enjoy Maintenance Free Living for the outside and structure.
- Decorate, change, and modify the inside as you wish.
- Participate as much or as little as you wish in the Association, Board, and committees.
- Enjoy the benefits of professional property management.
- Meet friendly neighbors and new friends.
- Enjoy the security of a home without worrying about lawns and exterior maintenance.
| What are the differences between a single family unit and a condominium?
- To maintain consistency, overall appearance, and property values, all exterior improvements you wish to make must be approved by Board.
- Community residents follow a set of "Community Rules and Guidelines".
| Who controls the "common elements" of a condo?
- The unit owners are members of the Association, and are the ultimate decisions makers. They elect and assign responsibility to a a Board of Directors. The Board in urn forms committees who oversee specific areas of the community, such as landscaping and buildings.
- All decisions must follow the governing documents, which include the "Declaration", the "Bylaws", and Ohio Condominium law.
| What is Bob Webb's track record in Central Ohio?
- The base for a successful condo community is the Developer.
- Bob Webb Group has been in business since 1960, and has played an integral role in developing and building award-winning homes in Central Ohio’s most highly regarded communities.
- Some of the Webb condo and patio home communities include:
- Village at the Bluffs
- Stonebridge Crossing
- Lake Edges at Golf Village
- Village at Harvest Wind
- Single Family developments include:
- Little Bear Village
- Park Place at North Orange
- Tartan Fields
- Tartan Ridge
| How can you tell if a condo community is the right place for you
- Like purchasing a single family unit, purchasing a condo is an investment. Consider at least four important factors before selecting a condo and a condo community:
- Location - is this a desirable, growing area?
- Quality of the unit - is the interior and exterior built of quality materials that will last?
- Financial strength of the Association - Does the Association maintain and grow its reserves to handle future maintenance needs?
- Ongoing management of the community - Is the Board following an active preventative maintenance program?