easier for condominium associations to become certified for FHA-backed real estate loans. While the process is still lengthy and the requirements stringent, the many benefits of achieving FHA certification makes it worth the effort. Here are just a few of the reasons why zoning boards and condo associations should seriously consider applying for FHA certification.

1. Increased Asset Value: FHA-approved condos tend to have higher resale valuations, as buyers know they have been certified by the government. This means that all the public areas have been evaluated and deemed up to standard. Increased asset values also benefit not just home buyers, but current condo owners as well.

2. Easier Loan and Credit Access: FHA-approved condos open up a much wider range of potential buyers and tenants. Real estate agents for both homeowners and apartment renters can advertise that the units have FHA approval, thus increasing demand to purchase, live in or rent from the association. FHA approval also means easier access to mortgages and home equity loans for qualified customers.

3. Improve Property Financials: When a corporation earns FHA-certification, the interests of owners

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