New apartment? Then pay close attention to the Owners' Association, which can cost you a lot of extra money

There is a lot to consider when buying a house, but with an apartment you have to pay even more attention before you sign. Take a close look at the Owners' Association, especially if it is managed by external parties. Because there is no supervision of this, the management contracts vary considerably. Sometimes there is a difference of thousands of euros, according to analysis by the Eigen Huis Association. In addition, a dormant homeowners' association without reserves can cost you a lot of money.