The questions I ask before anybody buys a condo
In a condo you’re not just buying the unit. You’re buying the financial and structural health of the entire building.
Condo · 13 points
Who it’s for
You’re looking at condos in Miami — Brickell, Downtown, the beach.
What’s on the list
- 1
What’s the monthly fee, and what does it actually include? Water, cable, building insurance, valet, gym. Ask for the list, not the summary.
- 2
Is there a special assessment approved, voted on, or even being talked about? Ask for the last board meeting minutes, not just the seller’s answer.
- 3
How much is the association holding in reserves, and what exactly is that money earmarked for?
10 more points to go
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