Hi,
I've recently started looking to buy a house and only when I visited an estate a friend of mine lives in, did I start scratching the surface when it comes to Management Companies.
It is my understanding that estates/blocks can:
1) Have a Management Company - often being composed of the residents themselves
2) Be managed by County Councils/local authorities
3) Neither of the above - normally a bad sign
Correct?
While I had never thought about this before, it seems to be an important part of the whole investigation before an offer is made. I most certainly wouldn't want to buy a house/flat only to find out, after I move in, that there's serious issues with the estate/block, that the MC didn't look at or that were never addressed because there's no MC in place.
So, for a "newbie" or "dummy" like myself, where can I start investigating how these things work? I understand cro.ie may give some insights (for a fee) on how some of the estates are run, but where else can I learn and what other investigations can/should I do?
Thanks in advance!
I've recently started looking to buy a house and only when I visited an estate a friend of mine lives in, did I start scratching the surface when it comes to Management Companies.
It is my understanding that estates/blocks can:
1) Have a Management Company - often being composed of the residents themselves
2) Be managed by County Councils/local authorities
3) Neither of the above - normally a bad sign
Correct?
While I had never thought about this before, it seems to be an important part of the whole investigation before an offer is made. I most certainly wouldn't want to buy a house/flat only to find out, after I move in, that there's serious issues with the estate/block, that the MC didn't look at or that were never addressed because there's no MC in place.
So, for a "newbie" or "dummy" like myself, where can I start investigating how these things work? I understand cro.ie may give some insights (for a fee) on how some of the estates are run, but where else can I learn and what other investigations can/should I do?
Thanks in advance!