This beautiful home, located in the wooded Spring Lakes Subdivision, has an attractive stone and brick exterior. Once inside, an elegant two story entry with a large chandelier, art niches, and ceramic tile flooring greet your visitors. Nearby, the inviting formal dining room is ideally suited for your special occasion dinners. Also located off the entry is a private study with French doors and a wall of built-in bookcases. Both rooms have plantation shutters and wide-plank wood floors. Past the entry is an open floor plan design with high ceilings and many windows. The family room has a gas fireplace containing contemporary “aquatic glassel” fireglass , wide-plank wood floors, and a built-in entertainment system that is wired for surround sound. A big, bright kitchen has ample wood cabinets, tile flooring, a walk-in pantry, and has been updated with oil-rubbed bronze hardware, tumbled travertine backsplash, and lots of granite countertop workspace including a huge center island. A comfortable breakfast room is a great family gathering space. You won’t have a hard time fitting your large bedroom furniture in the spacious master suite. Located downstairs it has views of the backyard and access to the newly remodeled master bathroom with oil rubbed bronze fixtures, his and her vanities, whirlpool tub, a separate shower with a spa-like frameless door. There are even two large walk-in closets. Upstairs contains two full baths, three bedrooms with large closets and a big gameroom that is perfect for both entertaining and a quiet retreat. The owners have invested nearly $60,000 in recent upgrades both inside and out. The detached 2-car garage contains interlocking tile flooring, a 22’ x 13’ unfinished workspace and covered walkway to the house. The professionally landscaped yard is nourished with a 9-zone sprinkler system and the backyard has a large stamped concrete patio, garden area, children’s play system, large shade trees, and forested privacy border. This friendly neighborhood, located in the highly acclaimed Spring ISD, has controlled access gates, community lakes, nature trails, playgrounds, tennis, volleyball court, a swimming pool, and wide sidewalks throughout,. The neighborhood association hosts many family oriented activities throughout the year. With easy access to I 45 and the Hardy Toll Road, make an appointment to see this home today – it won’t last long.

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Ever wanted to find out more about Foreclosures in Spring, The Woodlands, and Houston, Texas? Check out this video from The Houston Association of Realtors to learn more. It’s part of my twice a week video blog series that helps consumers make informed real estate decisions.

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Before you buy, contact the condo board with the following questions. In the process, you’ll learn how responsive – and organized – its members are.

1. What percentage of units is owner-occupied? What percentage is tenant-occupied? Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale.
2. What covenants, by laws, and restrictions govern the property? What grandfather clauses are in place? You may find, for instance, that those who buy a property after a certain date can’t rent out their units, but buyers who bought earlier can. Ask for a copy of the bylaws to determine if you can live within them. And have an attorney review property docs, including the master deed, for you.
3. How much does the association keep in reserve? How is that money being invested?
4. Are association assessments keeping pace with the annual rate of inflation? Smart boards raise assessments a certain percentage each year to build reserves to fund future repairs. To determine if the assessment is reasonable, compare the rate to others in the area.
5. What does and doesn’t the assessment cover – common area maintenance, recreational facilities, trash collection, etc.
6. What special assessments have been mandated in the past 5 years? How much was each owner responsible for? Some special assessments are unavoidable. But repeated, expensive assessments could be a red flag about the condition of the building or the board’s fiscal policy.
7. How much turnover occurs in the building?
8. Is the project in litigation? If the builders or homeowners are involved in a lawsuit, reserves can be depleted quickly.
9. Is the developer reputable? Find out what other projects the developer has built and visit one if you can. Ask residents about their perceptions. Request an engineer’s report for developments that have been reconverted from other uses to determine what shape the building is in. If the roof, windows, and bricks aren’t in good repair, they become your problem once you buy.
10. Are multiple associations involved in the property? In very large developments, umbrella associations, as well as the smaller association into which you’re buying, may require separate assessments.

Reprinted from REALTOR Magazine Online by permission of the National Association of Realtors, Copyright 2005, All rights reserve.

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Do you know your agent’s responsibilities?

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