These are one-time fees charged for major repairs (e.g., a new roof) that the regular HOA reserve fund cannot cover. 2. Essential Due Diligence Checklist
Before finalizing a purchase, you must investigate the health of the condo association. Use this checklist as a guide: buying a condo first time buyer
7 things to consider when buying a condo for the first time * Consider if you're willing to share a wall with your neighbors long- Better Mortgage Questions to Ask About a Condo or Townhome These are one-time fees charged for major repairs (e
Lenders may refuse to finance a mortgage if too many units are owned by investors rather than primary residents. 3. The Inspection Process buying a condo first time buyer
Check for restrictions on pets, parking, or your ability to rent out the unit in the future.