Age Of Condo Owner and Utilization of Common Property

June is typically the month a high number of condominiums are sold in Wisconsin.  703.01 Condominium Ownership Act is the State Legislation that regulates condo's in Wisconsin. 

Condo owners hold title to individual units while sharing in common elements.  Buyers are challenged to calculate the monetary return expected from utilization of common elements for each owner of an individual unit.

Age and physical function play a role in determining a unit owners ability to participate in utilization.  This lends accuracy to the true value available to the consumer.  This adds a measure of precision to a discussion around a decision to make a geographical move.

This precision calculates individual return on investment when considering common elements.  From this view individual unit owners can begin to see how true value can vary across the community of owners.

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