Questions to consider asking when you are considering buying a condominium.

Questions to consider asking when you are considering buying a condominium.

  • What is the owner–occupancy rate?
  • Any special assessments pending?
  • How old are the systems – heating, cooling, plumbing, electrical, roof.
  • Any recent sales in this building? When?
  • Any developments planned in the vicinity of this building?
  • Is the association professionally managed?
  • Pets allowed?
  • Rental restrictions?
  • Do the taxes reflect the residential exemption?
  • What does the condo fee include?
  • What are the current reserves?
  • List of recent improvements in building?
  • List of recent improvements to unit?
  • Where is the nearest train/bus stop?
  • Is parking included?
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