Here are ten starter questions for you when you enter into the condo buying market:
What are the monthly condo fees and what do those fees cover?
What restrictions/rules/regulations on the condo?
How much is in capital reserves and how much gets funded each year?
Are there any contemplated/pending special assessments?
Is it professionally or self managed association?
Are there any on-going legal waves going on with the condo?
How many units are lived in by owners v. renters?
What is the condo fee delinquency rate?
Is there standing ownership over common areas?
What does the master insurance policy cover?
Hart Real Estate Solutions