- How much are the monthly condo fees and what does it go towards?
- What are the specific rules of the condominium?
- How much is in capital reserves and how much gets funded every year?
- Are there current assessments in place or planned for the near future?
- How is the association managed: professionally or self?
- Is there any legal stuff happening that the condominium is part of?
- How many of the units are lived in by their actual owners?
- What’s the condominium fee delinquency rate?
- Check to see if buildings allow pets!
- Ask your lender if the condo you are considering, meets their requirement for a loan.
- Does your unit come with parking?
- Is there guest parking?
- If you plan to buy the unit as an investor, be aware of rental laws and regulations.
- Do you actually own certain common areas such as porches, decks, storage spaces and parking spaces, or are they use rights?
- The master insurance policy, what does it cover?
