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Red Flag Questions to Ask Before You Buy a Townhome or Condo


Author's Note

Even though it might be tempting to go the ostrich route when faced with a big decision: purchase and bury your head in the sand (as I'll admit I'm wont to do on occasion), it's definitely better to do your research and come into that decision with confidence. One tip I know I'll be using in the future is to look at the HOA's meeting minutes before making my final decision. Checking out the proceedings is a great way to not only see how the board makes decisions, but also to gather some insights on the kinds of issues that arise in the community.

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Sources

  • da Costa, Polyana. "What to know before you buy a condo." Bankrate.com. (July 14, 2012) http://www.bankrate.com/finance/real-estate/know-before-you-buy-condo-1.aspx
  • Deacon, Spears, Fedson & Montizambert. "Condominium Reserve Funds." (July 14, 2012) http://www.condolaw.to/pdf/CONDOMINIUM%20RESERVE%20FUND.pdf
  • Fulmer, Melinda. "5 Questions to Ask Before Buying a Condo." MSN Real Estate. http://realestate.msn.com/article.aspx?cp-documentid=13107731
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