|
Mar
24
|
 |
The first and most critical task when buying/purchasing any condo for first time buyers as well as experienced investors is, you must fully understand the bylaws of the condo corporation. You should have a lawyer review the documents for you, but it is advisable that you also fully understand the conditions and terms of the condo corporation.
After you are confident that you understand these documents then communication should commence by email with a condo board representative if you are purchasing a condo from a board member be sure that your emails are directed to an alternate member of the board. These should include questions like has there been any discussions regarding future special assessments or are any currently planned. What is the equity of the reserve fund, and its pan for the future. Has there ever been any moisture problems, or leaks of the windows.
|
9:43
|
Comments Off
|
