Tag Archives: emergency funds


Condo Fees and Inspection

Anyone who wishes to buy a condo should analyze these two issues very carefully before taking action: the monthly fees, and the general condition of the building, including the private and the common spaces. Need advice?

Before looking at the monthly fees, let us review the importance of the condo inspection. Many of us believe it is useless to have a condo unit inspected since it is more like an apartment than a single house. Plus, no one has an apartment inspected before renting it. Bad idea!

Specialists in the field know all too well that it is best to have a condo inspected before buying it. Not only the private area but also the common grounds: hallways, staircases, exterior walls, roof, foundations, land, etc. Just like a home purchase, you can demand the right to have the condo inspected in your offer to purchase. Continue reading