When looking for a new home and desiring easy care and potential community amenities such as pool, larger grounds, meeting space etc (without the responsibility of upkeep), most people will consider either a condo or a town home. Most also aren’t necessarily familiar with several relative factors important to the selection process, so I thought I’d highlight just a few for you here.
First of all, there is a difference between a condo and a town home ~
Let’s start with condos: A condo (condominium) is a kind of home ownership wherein the purchaser owns the air space inside the unit and joint interest in the common areas, typically the grounds, parking lot, any structures and amenities such as swimming pool, meeting rooms etc. Condo owners belong to an HOA (homeowners association) and pay dues for common expenses such as insurance and maintenance of common areas.
Townhomes are what we call “attached” homes, considered not free-standing and usually containing two or more stories. A purchaser owns the structure and the land on which it sits, and like a condo, generally joint interest in the common areas . Often with town homes you will have a small backyard or patio area which is in excess of what many condos provide, so gardeners or pet owners often find this more attractive. As in condo ownership, the town home owner typically pays monthly dues for upkeep of common areas and other amenities. It is wise to check into the insurance setup of on HOA to find out if it is supplied and therefore included in the monthly dues, or whether the town home purchaser needs to secure their own hazard insurance on the property.
Generally speaking, condos and town homes are attractive for more reasons than just low maintenance and the amenities they afford. They usually are priced well below what one would pay for a similar detached single family residence… or “house”. One thing to give attention to however, is finding out how much the HOA dues are, and what they cover. Does the HOA offer parking? water & sewer? trash collection? cable TV? Take these things into consideration and ask yourself how positively you are offset financially (or not) by being free of these normal expenses of home ownership.
Another thing to take into consideration is the solvency and efficiency of the HOA. I have listed condos and town homes and experienced neighbors in surrounding HOA’s visiting on Open House days, exploring the option of getting out of their own nearby complexes! This is reportedly due to the perception of either oppressive or mis-managed HOA’s. I’ve heard stories of frequently raised dues, extreme restrictions, and just plain inattentiveness… while the HOA next door treats its members with appreciation and service. Bottom line- check out the HOA:
- Call & obtain copies of at least the two most recent board meeting minutes,
- Obtain financial statements,
- Take a look at the Bylaws and Regulations,
- Find out how much the HOA has in reserves so you have an idea of whether they are in need of maintenance funds,
- Talk to a few neighbors and get a feel for their level of satisfaction ,
- Find out whether you might or might not be able to rent your unit out in the future if you so choose,
- Ask how many units are in the complex, and how many are allowed to be rental units,
- Does the HOA allow gardening in the back patio area?
- Are there any restrictions that will impact your lifestyle?
- Determine if there are any lawsuits anticipated or pending,
- Ask whether there are any big improvement projects planned which will require capital infusion (i.e. significant dues increases).
Condos and town homes are wonderful options for home ownership, and can be a great place to start as first time buyers, as well as a fantastic way to downsize once the kids are gone. Talk to your Realtor about what makes sense for you, and be sure to get all the facts!

It was a year or so ago, I think, that I wrote a piece on Lake Oswego and its love affair with trees. I included all manner of information on laws in Lake Oswego limiting tree removal etc. This love of trees is a large part of what makes Lake Oswego so beautiful, and so, like the rain, we take the good with the bad and appreciate the end results of being showered with tree legislation.
Stewardship Event
Arbor Art Show Opening
Located along Lake Oswego’s Northern boundary is
Bridges are necessary because the park is layed out around a canyon that contains a natural watershed. The creek at the bottom is one of the few remaining creeks in the area with an active run of steelhead trout.
People locally began to appreciate the value of the natural area and the Friends of Tryon Creek was formed in 1969 to work toward preserving the area in its natural state.
A discussion about Tryon Creek State Park would not be complete without the subject of the native trillium.
Lake Oswego is known far & wide for its family-friendly environment and involved citizenry. The schools here are excellent, there are clubs and outlets for all kinds of interests, and of course a myriad of programs for kids of all ages. I wanted to take a moment to highlight a terrific resource called the “McKenzie Lounge for Teens”.
The McKenzie Lounge is located in the West End Building at 4101 Kruse Way. The Youth Action Council,
According to the city’s website
The best thing about the McKenzie Lounge however, is that teens actually report enjoying it! For instance, during the election, the Lounge hosted a series of “Debate ’08” nights featuring the Presidential and Vice Presidential Debates, opportunities for lively discussion, as well as food and extra credits from social studies teachers. The debate series attendance reportedly totaled 115 students, drop-in attendance is reportedly growing by 25% every three months, and teens have been quoted as saying that the McKenzie Lounge ranks right up there with Taco Bell and the video game store as cool hang-out choices.
A while back Dianne wrote a post on the Realtors Code of Ethics. I loved that post because I don’t think most people are aware of all the standards to which Realtors are held. It really is great to be in a profession where we are mandated to treat each other and the general public with respect. That mandate then becomes a part of our culture. I notice it in the conversations I have with other Realtors. There definitely is a flavor of deliberate respect that is not always the experience for most of us in the day-to-day “non-real estate” wider world of affairs.
2-Story: Two-level home with main entrance on lower level. (Photo)
wer level. The entry is not considered a “floor” or story. (Photo)
with a decorative brace and full front porch. Inside there is usually an array of built-in wood cabinetry, often with glass & leaded glass features. (Photo)
decorative half-timbering. (Photo)
Georgian: A formal square box-like structure with a hipped roof, decorative crown or pediment over the front door with columns on each side, and/or cornice mouldings. (Photo)
two to two & 1/2 story with low hipped roof and deep overhang, large central dormer, full porch w/wide stairs. (Photo)
Lake Oswego is home to a very unique and beautiful facility, Lake Oswego Hunt. The Lake Oswego Hunt is an equestrian training program and a riding school for children and adults of all ages. Unlike many facilities that focus on one discipline, Lake Oswego Hunt works with Combined Training, Dressage, and Hunter/Jumper. So if you have a love for horses, and you want to have access to horses in your life, there is a way to do that here in Lake Oswego.
When I stopped in to visit the Lake Oswego Hunt, besides the beautiful arena and barn, I was also struck by the warmth and friendliness of the people that I met. Everyone was gracious and welcoming. I was very taken with the attitude that this is a place that wants to be a part of our community. They made it very clear that they love to have people come in and that they are happy to give you a tour. Along with a calendar of events that includes horse shows and parties, there are occassional open houses that invite the general public to come and see what is happening at Lake Oswego Hunt. The next open house is scheduled for February 7th, from 9am to 5pm.
Tuesday was such a momentous occasion, and many of us took time off from work to watch the inauguration and the rest of the exciting events of the day. In the afternoon I took one of the many photographs I’d shot from the television screen and emailed it with my best wishes to a huge list of family and friends. I called the photo and email “New Day in my Kitchen”.
We’ve given you plenty of coverage of the exciting and unusual weather experienced lately here in Lake Oswego. I hesitate to scare the bajeezeez out of anyone contemplating living here, and/but believe that even though this is unusual weather, the story I’m about to share is extremely valuable for just that reason, and highlights the importance of giving great consideration to the type of insurance you decide to carry when purchasing a home.
Scott Burns, a professor of geology at Portland State University advises: “The important thing is to get people in Portland and the rest of this area to ask the question, ‘What can I do to prevent landslides on my property?’ ” “There was just a lot of storm water going down the streets and going in every direction,” said Bill Burns, an engineering geologist with the state Department of Geology and Mineral Industries. “There was just so much water, it was just over-taking the system.”
The family reportedly had homeowners insurance, but not the additional protection of landslide coverage which is typically excluded from most policies. I would pose that in addition to being the most diligent and informed homeowner you can possibly be, you also need to acknowledge that sometimes “stuff happens”, and therefore it is prudent to assess any “potential” hazards (even if you believe them unlikely) and protect yourself with appropriate insurance. This means you may end up being the one inquiring as to the availability of such add-ons, and so need to come armed to any discussion with data to guide your inquiries and decisions. To that end, let me provide you with some basic information, which I suggest you view as a primer, and not as the replacement for consultation with your insurance agent who, unlike me, is the “insurance expert”: