: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments.
: Lenders often reject buildings with too many rentals (investors), ongoing lawsuits, or low occupancy. Seek out FHA-approved communities if using an FHA loan, as many complexes do not qualify. we buy condos
Buying a condo is more than just purchasing a unit; you are buying into a shared financial and legal entity. Unlike a single-family home, your investment's health depends heavily on the collective decisions of your neighbors and the board. : Review the association's reserve fund study
: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health. Seek out FHA-approved communities if using an FHA
: One-time fees for major repairs like roofs or elevators. Phase 2: Due Diligence & Inspections