When Buying A Condo
Making you feel confident & educated every step of the way with the least amount of inconveniences.
Location: Research the area to ensure it suits your lifestyle and is convenient for work, transportation, and amenities.
Condo Fees: Understand the monthly condo fees and what they cover, as they can impact your budget.
Reserve Fund: Inquire about the condo’s reserve fund to understand the financial future for maintenance and repairs.
Rules and Regulations: Review the condo association’s rules, bylaws, and regulations to ensure they align with your preferences. (example: Community, Pets, Restrictions)
Management: Research the condo management company’s reputation and track record in maintaining properties.
Amenities: Consider the amenities offered, such as parking, fitness facilities, swimming pools, and how they add value.
Future Development: Check for any planned developments nearby that might affect your condo’s value or living experience.
Resale Value: Research the condo market in the area to understand its potential for appreciation or depreciation.
Maintenance and Repairs: Understand what maintenance tasks are your responsibility versus the condo association’s.
Legal and Financial Health: Review the condo association’s financial statements and legal documents to ensure stability.
Neighborhood Atmosphere: Spend time in the neighborhood to get a sense of the atmosphere and community.
Insurance: Understand what insurance coverage the condo association provides and what you need to cover personally.
