You found your dream condo but before anything else, you need to answer seven most important questions before buying a condo.
- ?What’s the beef??
- Take a look at the minutes of the condo association board meetings to see what the owners have been griping about.
- “Who’s Been Naughty and Who’s Been Nice?”
- If people aren’t paying their association dues on time, that is either a sign of discontent or an indication that the association might be underfunded.
- “How Much Is In the Repair Fund?”
- Ask if the community has done a reserve-fund review in the past five years.
- “Can You Cover Me?”
- Get a copy of the certificate of insurance, which is a summary of the association’s policy.
- “Does the Association Present Any Legal Problems?”
- Contact a local real estate lawyer and have him or her go over the bylaws of the association.
- “Is the Complex Renter-Friendly?”
- Ask other tenants about their experience. In addition, ask to see the association’s rental lease, and have a real estate lawyer look it over.
- “Am I My Community’s Keeper?”
- Watch out for a condo whose owners manage the place themselves.







Condos are mostly modern living quarters loaded with some of the latest gadgets and gizmos as well as consumer electronics that have become more efficient in the way they function yet still consume electricity even when not in use. Called vampire power, the standby mode that is built-into your