Part 3/8:
The consequence of these regulations has been financial strain for both condo owners and homeowners' associations (HOAs). Many HOAs now face the necessity of funding these mandated structural improvements, leading to substantial special assessments that can range from $20,000 to $100,000 or more. For prospective buyers, this additional financial burden can be debilitating, especially for those on fixed incomes who may not have the means to cover such unexpected expenses.