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If I was you I’d look closely at this underinsurance thing before committing to anything.
I’m not familiar with US laws and HOA, but if it’s a bit like condos it may mean you’d be liable if damage occurred in a shared area or shared wall or something. Again, what I say may be total bullshit but take a look at it for sure.
If everything is okay then I’d go for it. One of the biggest perks of having a high paying job is to take care of your family and I’d do it in a heartbeat.
If I was you I’d look closely at this underinsurance thing before committing to anything.
I’m not familiar with US laws and HOA, but if it’s a bit like condos it may mean you’d be liable if damage occurred in a shared area or shared wall or something. Again, what I say may be total bullshit but take a look at it for sure.
If everything is okay then I’d go for it. One of the biggest perks of having a high paying job is to take care of your family and I’d do it in a heartbeat.
They should get the cash that’s left from the grandma. They could only bitch about the price you’d make your grandma pay in my view.
I would look into the HOA stuff. As someone else pointed out you may be liable for costs if the association can’t cover. Additionally, it may be a barrier to sell, less likely, but know that at a minimum a red flag like that will lower the property value. Outside of that seems like a good way to help the family if you can maintain a reasonable emergency fund and feel comfortable financially.
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