: Hire an inspector who specializes in condos. Ensure they check electrical, plumbing, and shared systems like elevators or roofs if possible. Phase 3: Lifestyle & Rules (CC&Rs)
Before touring, you must determine if the building's finances match your own. we buy condos
: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments. : Hire an inspector who specializes in condos
: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior. : Review the association's reserve fund study
: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections
How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team
: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits.