Tuesday, October 2, 2018

Oh My ~ Solar Panels on Condos???

I own a townhouse....it's a rental. Yesterday I got some updated information about our Architectural Guidelines for the newest change....putting solar panels on our roofs!

Well, only an owner can do it. But, sheesh, that's going to be quite the challenge for the installers, owners, and us Realtors when we go to sell them.

Solar panels have always been a bit of a challenge during a sale escrow. If they are owned outright, no biggie. Anything else and it can create a tad of a roadblock.

So, my complex in Westridge Valencia is allowing owners,
 with approval, to put panels up.


Purpose of this post? To think long & hard before you put up solar panels on your condo or townhouse. There are so many complexes that aren't approved by FHA for sale which limits the number of buyers that can buy those units. Putting panels up will likely limit more buyers as they won't necessarily qualify for the extra payment.

Our market is seemingly leveling off.....don't make yours any more difficult to sell when it turns, and it will, into a full-on buyers market. Well, unless you buy the solar panels outright....that would be a plus then!

Just sayin......

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