Whats the secret to making a good condominium buy?
Buying a condominium means, in most cases, buying amenities – neighborly lifestyle, sometimes complete with shopping, entertainment, playgrounds and/or sports facilities. Condominiums serve almost every possible kind of home buyer: singles, families with children, retired people. First-time buyers are particularly drawn to condominiums because of the amount of space available at a reasonable price. Each condominium association has its own rules, and as a member of your community you help govern what can be done to the outside of units, whether or not pets are welcome, what landscaping and community improvements are made and what by-laws are passed or amended. Because the owners’ association can spend for amenities or limit spending to save expense, it is important for you to know if existing owners are in tune with you financial position by check recent budgets. Shopping for a condominium means looking for the same things you look for in buying any home: a neighborhood on the upswing (
