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Updated almost 6 years ago,

Audrey Parzyk's profile image
Audrey Parzyk's profile image
Audrey Parzyk
  • Realtor
  • from Chicago
  • Member since Jan 16, 2019
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User Stats

29
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11
Votes
Audrey Parzyk's profile image
Audrey Parzyk's profile image
Audrey Parzyk
  • Realtor
  • from Chicago
  • Member since Jan 16, 2019
Connect
Audrey Parzyk
  • Realtor
  • Chicago
11
Votes |
29
Posts
Buying & Selling Real Estate

Chicago Townhome has no HOA - pro or con?

Audrey Parzyk
  • Realtor
  • Chicago
Posted

Does anyone have experience with town homes with no monthly HOAs? I have a client interested in a unit with no HOA. It seems appealing due to taxes being lower than a single family, but is it too risky?

Does that mean there is no master insurance policy? And, for example, if there is an issue with the roof is each owner responsible for what is directly above their unit?

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