: Even without land ownership, you pay real estate taxes. You will need a personal HO-6 insurance policy for your unit's interior.
How to Buy a Condo: Ultimate Guide for Buyers - The Hollinden Team we buy condos
: Review the association's reserve fund study . Ideally, the fund should be at least 70% funded to avoid sudden special assessments. : Even without land ownership, you pay real estate taxes
: Condo financing is stricter than for single-family homes. Lenders evaluate both your credit and the building’s financial health. : Even without land ownership
: Request the last three years of financial statements and HOA meeting minutes. Watch for repeated complaints about broken items (deferred maintenance) or lawsuits.
Standard home inspections often only cover the unit interior. For a condo, you must look at the "big picture."
