Published November 10, 2025

Reading Condo Financials: A Hudson County Buyer’s Mini-Guide

Written by Jesse Teeters

Reading Condo Financials: A Hudson County Buyer’s Mini-Guide

Great buildings feel good, but strong buildings finance cleanly. Your lender and appraiser will scrutinize HOA health; you should too. Here’s a simple framework to avoid surprises.

Reserves: the building’s emergency fund

Adequate reserves fund roof, façade, elevator, and mechanical work without constant special assessments. Look for recent reserve studies or capital plans.

Minutes and budgets: where truth lives

Board minutes and annual budgets flag leaks, litigation, insurance claims, or owner delinquency. Repeated “temporary fixes” for the same issue can signal bigger costs ahead.

Insurance and deductibles

Confirm master policy coverage and deductible—important for mortgages and HO-6 coordination. Larger deductibles shift risk to owners.

Dues and assessments

Evaluate dues relative to services (staffing, amenities) and check for pending or recent special assessments. Early-stage HOAs sometimes adjust after year one.

How we help: During your Buyer Consultation, we provide a building scorecard—reserves, insurance, litigation, and dues trend—so your offer reflects real building health, not brochure copy.