Searching for a condo?
Published on Feb 02, 2016
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
Searching for a condo?
- Visit various communities so you know what is available
- Give some thought as to what you want.
- Do research as to the number of owner occupants and investment units in the building
- Do you need parking? Storage?
- What amenities are included in the monthly fee?
- Where is the washer/dryer?
Photo by mstephens7
What is a condo?
It is a multiple-unit complex which are individually owned, each owner receiving a recordable deed to the individual unit purchased.
Photo by MSVG
Which amenities are important to you?
Give some thought as to what you want and are interested in.
Photo by Thomas Hawk
Understand that the price and condo fees reflect the amenities
- 24 Hour Security or other type
- Pool, Exercise Room, Common Areas, Elevator
- Parking
- Utilities -- are they included?
- On-site staff, professionally managed
- Shuttle service, guest parking,
Photo by Hotel de la Paix Genève
What floor and view?
The higher the floor-the higher the cost; the better the view--the higher the cost
Photo by Telstar Logistics
Get pre-approved for a mortgage
Ask the owner occuped to investor ratio of the units.
Photo by nikcname
Condo Documents
- All contracts are conditioned upon receiving the "resale package" for the condo. This information will help you determine important issues
- Is the unit owner up to date on payments to the condo association?
- How much is the monthly fee? Is it going to be raised?
Photo by Guillaume Brialon
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- Can you be happy with the condo rules?
- Do you consider it well run?
- Can you see the minutes from a recent condo board meeting?
- What are the hot issues?
