Posted by Gail DuBois on 7/22/2016

Posted by Gail DuBois on 5/13/2016

Posted by Gail DuBois on 5/6/2016

Posted by Gail DuBois on 4/15/2016

- Does the association maintain reserve of funds to pay for unexpected and potentially expensive repairs? If so, how much is in reserve and how is it managed?
- Has the association maintained the building in good repair? Are there currently or any planned special assessments?
- Does the association have plans to add any facilities, such as a swimming pool or gym, in the near future?
- Does the development have any pending legal actions? Are there any disputes between owners, with developers or with the association that you should know about? Buying a condo also comes with costs some are similar to a single family home purchase while others are condo specific. These costs include:
- Down payment, mortgage and property tax
- Condo fees, otherwise known as maintenance fees. Condo fees are paid by every resident to help with the maintenance of the building, pay the salaries of groundskeepers, concierges or handymen, and provide luxury facilities such as a pool, gym or rooftop garden. Condo fees are paid monthly and are subject to change. The condominium association budgets and determines the condo fees for all units. Condo fees are typically determined by the size of your unit, how many units are currently occupied, and the projected expenses for building maintenance and repair.
- Special assessment fees. These fees may be requested when an unexpected repair or planned modification exceeds the cost of the condo fees collected One of the most important considerations is to determine if you can live with the condominium rules or covenants. The rules vary from one condo development to another. Some condominiums may impose restrictions on pet ownership, noise levels, remodeling projects, and renting. Always read the condo rules and regulations to make sure that you are comfortable with them before you make a commitment to purchase.
Posted by Gail DuBois on 4/1/2016

Request A Private Showing
Thank you for submitting a private showing request! This window will close shortly.