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A fund set aside for replacement of common property in a condominium, PUD, or cooperative project - particularly that which has a short life expectancy, such as carpeting, furniture, etc.
I specialize in representing my clients in new construction, purchase and sale of single-family residences, and income properties within Currituck and Dare Counties, North Carolina areas. I am a licensed NC home builder and Carova Beach resident. I am knowledgeable about Carova Beach construction as well as the surrounding areas. I am current on all transactions in these areas, including construction cost, mortgages, loan, building code, and inspection services. I am also very knowledgeable about the local area, including schools.
Formaldehyde: This colorless, gas chemical was used in foam insulation for homes until the early 1980s and is emitted by some construction materials. It is suspected of causing cancer, and it can also irritate the throat, nose, and eyes. A qualified inspector can let you know if the gas is present in the home you wish to purchase.