Buying a condo is more than just purchasing a unit; you are buying into a shared financial and legal entity. Unlike a single-family home, your investment's health depends heavily on the collective decisions of your neighbors and the board.
Before touring, you must determine if the building's finances match your own. we buy condos
: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior. Buying a condo is more than just purchasing
: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits. we buy condos