What should I ask before buying a condo?
Robert Miller
Updated on March 15, 2026
Questions to Ask Before Buying a Condo
- What are the biggest complaints?
- What’s the management team like?
- Is there storage space available?
- What does the insurance cover?
- Will I need to move in the next five years?
- Do I fully understand the monthly association fees?
- What are the rules?
- Is there any litigation?
What questions should I ask a realtor when buying a condo?
7 Essential Questions to Ask Before Buying A Condo
- How good is the soundproofing?
- How much are the monthly condo fees and what are they used for?
- How do the monthly fees compare with similar nearby condo complexes and what services are included?
- Has the condo unit been professionally inspected?
Why is it a bad idea to buy a condo?
Owning a condo harbors more financial obligation than single family homes and gives you more uncertainty when it comes to estimating unexpected expenses that you might incur. The best rule is to always overestimate your expenses when buying a condo for investment.
Why would anybody buy a condo?
house is a big one. There are many reasons a person might buy a condo instead of a typical single-family house….Pros and Cons of Buying a Condo.
| Pros | Cons |
|---|---|
| Increased security | May have limited parking |
| Amenities like a pool and a gym | Less storage space |
| Home improvements are yours to make | |
| Maintenance is taken care of for the exterior and shared spaces |
How do I choose a good condo?
7 tips for buying a condo
- Consider your lifestyle. Hate to mow the lawn and trim the hedges?
- Work with a Realtor with experience in condos.
- Decide what types of amenities you want.
- Find an FHA-approved condo.
- Research the property management company.
- Review association fees and regulations.
- Ask about special assessments.
- Pros.
How do I choose a good condo unit?
What should you look for to get the best units?
- Consider the unit facing.
- Which floor the unit is on.
- Proximity to entrance, gates, and quieter facilities.
- Keep a distance from bin centres, substations, and certain facilities.
- Look for efficient layouts.
- Check the number of units per floor.
- Look for “bonus floor space”
What is the disadvantage of buying a condo?
CON: Steep HOA fees in condo communities can outweigh the financial benefits. Condo communities may have gyms, swimming pools, community theaters, and play areas that require expensive maintenance.
What are the questions to ask when buying a condo?
These are the questions you should ask before you do. 1. Has the unit itself been well taken care of? Just like buying any other home, the first thing that you want to ask when you are buying a condo is whether the unit itself has been well taken care of. Go inside and take a look around. How is the unit presented?
Why are condos good option for first time home buyers?
The art and science of asking questions is the source of all knowledge – Thomas Berger. Condos are a popular option with many first time home buyers mainly because they are more affordable. They are also a good fit for home owners looking to downsize and have someone else take care of all the maintenance hassles.
What’s the difference between a big condo and a small condo?
At over 700 units, the condo is usually referred to as being big (e.g. Coastline Residences, The Gazania) Developments with 1,000+ units are referred to as Mega Projects ( Parc Clematis, Parc Esta, [email protected], etc.) What does the number of units affect? 1. Maintenance fees
What to consider when buying a condominium unit?
Because you have shared ownership when buying a condominium, you have to consider aspects of the entire condominium complex as a whole above and beyond the unit you will be purchasing.
