Common Mistakes when Buying a Condo


Most common mistakes when buying a home

The 5 most Common Mistakes Buyers make when they buy into

a Condominium or Homeowners Association

  1.  They don’t read the governing documents and the rules before the purchase
  2. They don’t check the Developer out (if still under construction)
  3.  They don’t speak to the current residents
  4.  They don’t check the Financial Health of the Association.  Is it adequately funded?  Has Reserves?  Planned Special Assessments?  Are a   large % of owners delinquent?
  5.  They don’t ask if its self-managed or professionally managed.  If professionally managed,  there may be a better response time if repairs are needed.


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