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.
: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health. we buy condos
How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team Buying a condo is more than just purchasing
: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments. Lenders evaluate both your credit and the building’s
: Hire an inspector who specializes in condos. Ensure they check electrical, plumbing, and shared systems like elevators or roofs if possible. Phase 3: Lifestyle & Rules (CC&Rs)