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Larger condo complexes in our area typically have professional management. They will have detailed budgets and projections for future repairs and maintenance. Smaller associations may be managed by one of the owners in the complex, the landscaping may be taken care of by the owners, and the owners may routinely deal with major repairs by  requiring everyone to kick in $500 to cover costs. You need to know what the management style of the association is and make sure that you’re comfortable with it.