Condos continue to offer an accessible entry point for many California buyers, particularly in sought-after neighborhoods where single-family homes may be out of reach. However, as we've seen across the state, that initial affordability can sometimes mask significant ongoing costs—high HOA dues, parking charges, and emergency assessments are realities many owners face. For example, a San Clemente community recently encountered a $26,000 per-unit assessment for roof replacement, a direct result of delayed repairs. With California’s condo buildings aging, stricter balcony inspection standards in place, and insurance premiums rising due to wildfire risk, such costs are becoming more common. Drawing on our combined 60 years of experience and deep involvement with local and state Realtor boards, we know that despite these challenges, condos remain a vital part of California’s housing landscape and can be a sound first step for buyers—provided you go in well-informed and prepared for both the opportunities and obligations of ownership.
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