Compare each property with recent sales of the same residence type first. Then evaluate private outdoor space, parking, interior condition, association dues and maintenance responsibilities. A village-wide average can hide substantial differences between these properties.

A view depends on the specific property, floor, orientation and nearby buildings. Check the view from the rooms and outdoor areas you will actually use, and distinguish a lake view from direct waterfront access.

Request the documents that apply to the particular home or condominium, including dues, budgets, insurance responsibilities, maintenance obligations, restrictions and any disclosed assessments. For a condominium, also examine available reserve information and building maintenance records.

Visit the property during both quiet and busy periods. Assess guest parking, deliveries, evening activity and the route to your garage or entrance. The experience can differ significantly from one part of the village to another.

Start with the same property type and similar size, condition and ownership structure. Then account for views, architectural features, outdoor space and parking. If few recent village sales are available, broaden the comparison carefully and explain the differences rather than combining unlike residences.

No. Review exactly which services the association handles and which repairs remain the owner’s responsibility. Include dues, insurance and potential assessments when comparing the total cost of ownership with a detached home.