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Buying first condo





ronb
I'm thinking of buying my first condo. Does anybody have advice on the types of things I should look out for. I've never been part of a strata.
mstreet
I own a townhouse condo. I reccomend them more because they are more-like a house. YOu have to be aware of condo fees and do check the board's budget and upkeep funds. New condos usually have large condo fees and they will go up. The simpler the condo the better. You may want the condo with the gym and pool but be sure to consider looking at the local gym and compare it to the condo fees that are attached to having the gym and pool. Make sure what benefits are attached to the fees ie insurance, and fire. Check the reputation of the property management company in charge of the maintenance of the complex. If you are in an apartment style condo and the fire alarm goes off in the hallways who is responsible. My advice for now.
tribe
Well first off pick a condo development which has a proven record of satisfaction. After that pick the type you want and look into the condo fee's etc.

From there look into purchasing, meet the neighbors, learn your responsibilities and what the development may supply, such as lawn mowing and snow removal.

Good Luck!
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