Understand the process.
Buying real estate is a complex matter and can be especially confusing for a condominium buyer. Do yourself a favor and learn as much about the process as you can before you purchase. Learn from someone who has the experience and expertise to answer all your concerns. The condominium lifestyle may be perfect for you or it may not. Find out the facts!
Determine your housing needs.How long do you intend to live in your condominium? Will you have family or friends visiting and spending a night or longer? Do you have a pet and how are the pets accommodated? What are the restrictions and will the restrictions adequately protect your peaceful and serene lifestyle? What are the Association monthly dues? Does the Association have adequate long-term reserves to replace common elements? What are the common elements in the condominium? Is there adequate parking? Where is the parking if you desire to have a large gathering? What building maintenance is your responsibility? Do you pay property tax for your condominium? How much? What is a homestead exemption? Is your water bill and other utilities included in the Association monthly fee? Do you share utility bills equally even though you are very conservative? Do you have any special requirements such as proximity to stores, public transportation, recreation facilities, etc.? These are just a few of things you should consider when deciding about condominium living--not just now, but also five years from now.